Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The International Monetary Fund (IMF) Wednesday reposed confidence that the present government has a coherent plan and clarity of purpose for economic revival and there exists a capacity to implement the reforms’ plan into action. An IMF delegation met Prime Minister Muhammad Nawaz Sharif and congratulated him for smooth democratic transition and stated that they […]
Finance Minister Ishaq Dar says the first installment of 6.64 billion dollars loan approved by the International Monetary Fund (IMF) will be received soon. Addressing a joint news conference with Punjab Chef Minister Shahbaz Sharif in Islamabad today (Thursday)‚ he said it will help enhance reserves of the country. The IMF has approved a […]
The International Monetary Fund (IMF) has approved a 6.7-billion-U.S. dollar loan program for Pakistan to support the country’s economic reform to promote inclusive growth. The three-year loan arrangement under the Extended Fund Facility (EFF) was authorized by the IMF’s executive board, and the approval enabled an initial disbursement of 540 million dollars, the IMF said […]
The newly constituted Council of Common Interests (CCI) holds its first meeting in Islamabad Tuesday to devise new energy policy. Prime Minister Nawaz Sharif will chair the meeting. All the four chief ministers and other members of the council will attend. The participants of the meeting will be taken into confidence on the current power […]
Pakistan and the International Monetary Fund have agreed to sign agreement regarding new debt arrangements. According to Ministry of Finance‚ negotiations between the two sides continued for two weeks‚ which remained successful. Under the proposed agreement‚ IMF will issue over five billion dollars soft term loan to Pakistan. The agreement in this regard will be […]
International Monitory Fund (IMF) mission in Pakistan chief Jeffrey Frank said the IMF cannot write off or restructure Pakistan’s loan. While speaking to the media, Frank said Pakistan has not formally sought a new program, adding that if they did want to seek a new program their economic strategy must radically change as losses […]
Finance Minister Hafeez Sheikh made a successful weeklong trip to the United States, convincing the United States (US), the United Kingdom (UK) and international monetary organizations to give Pakistan as much as $5.27 billion over the next four-year term. While addressing a news conference at the Pakistani Embassy in Washington (DC), Pakistani Finance Minister Hafeez […]
US signs partial waiver of restrictions against Burma Washington DC: (Tuesday, February 07, 2012) U.S. Secretary of State Hillary Rodham Clinton today signed a partial waiver of restrictions imposed on Burma under the Trafficking Victims Protection Act. This waiver will enable the United States to support assessment missions and limited technical assistance by international financial […]
Widening fiscal deficit and slow growth; IMF sees Pak economy vulnerable to internal and external shocks Washington: (Monday, February 06, 2012) expressing concerns over Pakistan’s slow economic growth and the increasing fiscal deficit, the International Monetary Fund has said that the country’s economy was at a high risk to remain vulnerable to internal and external […]
IMF fears security concerns may further limit capital inflows to Pakistan The International Monetary Fund (IMF) on Tuesday warned the outlook for Pakistan’s economy for the current fiscal year ending June 2012 is “challenging” adding that the global risk aversion and security concerns might further limit capital inflows to the country. The fund held talks […]
Pakistan to meet IMF delegation in Dubai next week Pakistan will meet an International Monetary Fund (IMF) delegation from November 9 to 16 to review the situation of Pakistan economy, sources from inside the finance ministry of the country said on Friday. The Federal Finance Minister of Pakistan, Dr Abdul Hafeez Sheikh had said on […]
Pakistan do not need IMF loans says Finance Minister Dr. Abdul Hafeez Shaikh Pakistan’s Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said on Wednesday that Pakistan would not need loans from the International Monetary Fund (IMF) rather it would rely on its own fiscal reform programme to enhance the economic sustainability. In an interview […]
