ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb concluded his visit to Washington, DC, with a series of important meetings on the final day of his participation in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank. The minister met with the senior management of Abu Dhabi Commercial Bank (ADCB) and briefed them on …
ISLAMABAD: The authorities are hopeful for the finalisation of a staff-level agreement (SLA) with the International Monetary Fund (IMF) during Finance Minister Muhammad Aurangzeb’s upcoming visit to the United States, subject to the consensus on the external account and verified flood-related losses, as well as their fiscal adjustment across central and provincial accounts. Official sources confirmed that the IMF had …
ISLAMABAD: An International Monetary Fund (IMF) mission led by Iva Petrova held a formal kick-off meeting with Pakistan’s economic team, headed by Finance Minister Muhammad Aurangzeb, to review the implementation of the $7bn Extended Financing Facility (EFF) and the $1.1bn Resilience & Sustainability Facility (RSF). The programme’s performance as of end-June 2025 — the period under review — has been …
ISLAMABAD: An International Monetary Fund (IMF) review mission began its work simultaneously in Karachi and Islamabad on Thursday, holding discussions with authorities on mixed programme performance without the customary opening engagement with Minister for Finance and Revenue Muhammad Aurangzeb, who is currently on a visit to the United States. Sources said the introductory meeting with Mr Aurangzeb, initially scheduled for …
NEW YORK: Prime Minister Shehbaz Sharif on Wednesday stated that Pakistan was steadily meeting its International Monetary Fund (IMF) programme commitments, but urged the lender to take into account the recent flood damage in its upcoming review for the country. The prime minister made the remarks during a meeting with Kristalina Georgieva, managing director of the IMF, on the sidelines …
WASHINGTON: Despite Indian attempts to derail Pakistan’s loan programme, the International Monetary Fund (IMF) on Friday approved two major financing arrangements for the country — a $1 billion disbursement under the ongoing Extended Fund Facility (EFF) and a new Resilience and Sustainability Facility (RSF) aimed at supporting climate-related initiatives. The approval unlocks a total of $2.1bn for Pakistan, including the …
ISLAMABAD: A visiting IMF mission on Friday called on the president of the Supreme Court Bar Association (SCBA) and chairman of the Pakistan Bar Council’s (PBC) special committee on judicial reforms, and discussed with them a wide range of topics with primary focus on eradicating corrupt practices to create an inclusive environment for attracting foreign investment to Pakistan. The meeting …
ISLAMABAD: The International Monetary Fund (IMF) has called on Pakistan to reduce state intervention in the economy and strengthen competition, while also stressing the need for urgent energy sector reforms. “Pakistan should take steps to decrease state intervention in the economy and enhance competition, which will help foster the development of a dynamic private sector,” a statement issued by the …
ISLAMABAD: The International Monetary Fund’s (IMF) Pakistan mission chief Nathan Porter met with Finance Minister Mohammad Aurangzeb in Islamabad on Tuesday to discuss the $7 billion loan performance, a statement from the Finance Ministry said. The meeting comes a day after the opening of an unplanned official visit of the IMF to the country, led by Porter. The unscheduled visit …
WASHINGTON: Pakistan is targeting around $1 billion in a formal request for funding from the International Monetary Fund (IMF) facility that helps low and middle income countries manage external shocks, Finance Minister Muhammad Aurangzeb told Reuters. “We have formally requested to be considered for this facility,” Aurangzeb said in an interview on the sidelines of the IMF/World Bank autumn meetings …