By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Thursday issued a cautionary forecast for Pakistan’s economic future, highlighting “high risks” and political instability as major impediments to the country’s reform initiatives.
Macro
IMF to finalise last $1.1 billion bailout tranche to Pakistan by month-end
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif conceded on Thursday that the conditions of a new long-term loan from the International Monetary Fund (IMF) would be challenging but stressed the necessity of a fresh bailout to maintain macroeconomic stability.
World Bank predicts sluggish 1.8pc growth for Pakistan, calls for fiscal discipline
By Staff Reporter
ISLAMABAD: The World Bank has projected a modest 1.8 percent growth for Pakistan’s economy in fiscal year 2024, attributing the sluggish pace to enduring trade deficits and constrained external financing.
Pakistan canvasses interest in purchase of stake in PIA
Monitoring Desk
KARACHI: As part of reforms urged by the International Monetary Fund (IMF), the Privatisation Commission said on Tuesday that it was putting on the block a stake ranging from 51 per cent to 100pc of Pakistan International Airlines (PIA), Reuters reported.
Pakistan to tap China for $300 million debut Panda bonds: Bloomberg
Monitoring Desk
ISLAMABAD: Pakistan’s new finance minister said he’s keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year, Bloomberg reported on Friday.
IMF nears $1.1bn fund release to Pakistan on bailout review success
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Wednesday it had reached a staff-level agreement with Pakistan on the completion of the second and final review of a $3 billion bailout program, paving the way for a release of $1.1 billion in funds.
SBP holds policy rate steady at 22pc, citing inflation risks
By Staff Reporter
KARACHI: Pakistan’s central bank maintained its benchmark interest rate at 22 percent on Monday, in a widely anticipated move that marks the sixth consecutive policy meeting without a change.
IMF to conclude Pakistan’s SBA review amid new bailout talks
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is set to conduct its final review of Pakistan’s $3 billion stand-by arrangement (SBA) starting today, with discussions anticipated on a new, longer-term bailout for the South Asian nation, the finance ministry and IMF said.
IMF stays on course with Pakistan bailout despite election dispute
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) said on Friday it was ready to work with Pakistan’s new government to complete the second review of its $3 billion bailout program and support a new medium-term economic plan if requested.
IMF awaits new cabinet for second tranche review
Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) on Thursday expressed its readiness to work with the newly formed coalition government of Prime Minister Shehbaz Sharif in Pakistan to conclude the ongoing $3 billion standby loan arrangement.