IMF Archives

Govt trims armed forces development budget by Rs 72 billion on IMF’s demand

In order to satisfy a key requirement of the International Monetary Fund (IMF) about establishing primary budget surplus in the next fiscal...

754

IMF tells Pakistan to lower budget deficit down to 4.9% of the GDP

The International Monetary Fund (IMF) has told Pakistan to narrow the budget deficit down to 4.9 percent of the GDP for the...

1.1K

22 IMF loans in 64 years: Pakistan and the International Monetary Fund loan history

Since 1950, Pakistan has been a member of the International Monetary Fund and IMF has granted loans to Pakistan on twenty-two occasions,...

666

Pakistan under pressure from IMF drops a massive petrol bomb

The federal government has surrendered to the International Monetary Fund (IMF) condition and declared a huge increase in petrol and diesel prices of...

878

IMF lauds 10 Billion Tree Tsunami project for reversing deforestation

Chairman of Pakistan Tehreek-i-Insaf (PTI) Imran Khan on Monday took credit for leading the first government in the history of Pakistan that...

788

IMF agree to Pakistan’s request to increase the loan size from $6 billion to $8 billion

In talks with the International Monetary Fund (IMF), Pakistan made a major advancement when a finance ministry official said the Fund would increase...

817

IMF proposes to tax wealthy people at uniform rate of 30%

The International Monetary Fund (IMF) has suggested to tax upper middle class and well-off people having revenue in the bandwidth of Rs...

827

Govt decides to cut development budget by Rs 300 billion

In the budget of 2021-22, Rs 900 was allocated for the Public Sector Development Programme (PSDP) but International Monetary Fund asked the...

843

IMF asked Pakistan to show how it would fund $1.5 billion subsidy package

The International Money Fund (IMF) had said it needed Pakistan to explain how it would fund a $1.5 billion subsidy package announced...

748

Pakistan fully engaged with IMF for revival of bailout package

The finance ministry has said that Pakistan is fully engaged with the International Monetary Fund (IMF) over a $1 billion loan tranche...

696

Pakistan to negotiate with IMF regarding personal income tax

The government would hold tough negotiations with the IMF for withdrawal of Personal Income Tax exemptions and bringing changes in its existing...

803

World Bank sets four conditions for Pakistan for $350m loan

The World Bank has now demanded Pakistan to complete four tasks during the current fiscal year 2021-22 to receive clearance for a $350...

831

Pakistan’s efforts to strengthen economic resilience appreciated by IMF

The International Monetary Fund (IMF) has lauded Pakistan’s recent policy measures aimed at strengthening economic resilience. IMF said in a statement that its Executive...

1.2K

Pakistan to receive remaining $3 billion from IMF over the next seven months

Pakistan after getting $1.05 billion from IMF is scheduled to receive the remaining $3 billion under the International Monetary Fund’s (IMF) $6...

1.1K

Growing financing needs may force Pakistan to seek new IMF loan

Pakistan’s gross financing requirements are estimated to go up to $30 billion in the next budget for 2022-23, leaving no other options...

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IMF postponed 6th review of $1 billion tranche for Pakistan till end of January

Pakistan’s request to extend the assessment of its $6 billion loan programme, which was due for January 12, was accepted by the...

1.6K

Pakistan dependent on dollar inflows through international commercial banks

Pakistan constantly relies considerably on international commercial banks to generate dollar inflows to evade the reduction of foreign currency assets in spite...

880

Mini budget to come in January with adjustments worth Rs 600 billion

The government has concluded a mini-budget concerning fiscal modifications and disbursement cuts worth about Rs 600 billion as part of an understanding...

779

Pakistan to announce mini-budget for revival of $6 billion IMF programme

Pakistan has decided to announce a mini-budget in accordance with the terms and conditions agreed upon with the International Monetary Fund (IMF)....

610

IMF to allow Pakistan to utilize $2.78 billion Covid support fund

The International Monetary Fund (IMF) has agreed to allow Pakistan to utilize $2.78 billion for meeting budgetary side requirements, which the country...

830

IMF projects current account deficit to jump over $12 billion for FY22

The International Monetary Fund (IMF) has projected the current account deficit of Pakistan to jump over $12 billion for the current fiscal...

660

IMF asks Pakistan to raise tax collection target from Rs 5.8 trillion to Rs 6.3 trillion

The International Monetary Fund (IMF) has recommended Pakistan to increase its annual tax collection target from Rs 5.8 trillion to Rs 6.3...

822

Govt scales back Kamyab Pakistan Programme after IMF’s objections

The federal government has decided to cut back the size and scope of the Kamyab Pakistan Programme (KPP) considering the objections raised by the IMF over the...

536

Tarin unveils three-year economic plan for 14 key sectors

With the commitment not to exit the International Monetary Fund (IMF) programme and instead take it to face-to-face talks in Washington in October, Finance...

910

World Bank, IMF thanks PM Khan for evacuating staff, families from Kabul

Despite the fast-changing circumstances in Afghanistan, World Bank President David Malpass has praised Pakistan’s assistance in rescuing and temporarily relocating their workers and families from Kabul. ...

830

Pakistan gets $2.77 billion from IMF’s $650 billion allocation of free money

IMF’s biggest ever allocation of $650 billion free money came into effect from Monday and also brought in additional funding of around...

616

IMF approves $650 billion to boost global economy

In a meeting held on Monday, IMF approval of $650 billion to boost the global economy, given in the form of Special...

470

Pakistan to receive $2.8 billion from IMF for coronavirus fight

The International Monetary Fund (IMF) has approved the provision of new funding to its member nations, including Pakistan, to assist them in...

588

IMF acknowledges growth in Pakistan’s economic activity

IMF has acknowledged the country’s stronger economic activity and believed the global economy to expand by 6 percent this year. On Tuesday, the International Monetary Fund...

765

IMF to have more discussion with Pakistan about financing program

The International Monetary Fund (IMF) is going to hold open and constructive discussion with Pakistan regarding sixth review of its 39-month, $6...

651

Domestic debt goes up by Rs 2 trillion in July-April FY2021

During the first 10 months of this fiscal year, Pakistan’s domestic debt and liabilities were Rs 2.050 trillion which had stood at...

588

FBR surpasses May collection target by around 8 percent

The Federal Board of Revenue (FBR) has surpassed its collection target in May by 7.82 percent to hit Rs 386 billion against...

943

IMF proposes $50 billion plan to end Covid-19 pandemic

The IMF suggested a $50 billion plan on Friday to combat the Covid-19 pandemic, with a goal of vaccinating at least 40%...

463

Pakistan asks IMF to reduce tax collection target to Rs 5.5 trillion

Pakistan has requested that the IMF reduce the FBR’s tax collection target for the upcoming budget from Rs 5.9 trillion to Rs...

473

Govt doesn’t intend to ditch IMF program but hints at renegotiation

On Wednesday, Finance Minister Shaukat Tarin said unequivocally that the government has no plans to abandon the IMF Program. “The government will...

621

Tarin rules out IMF directed new taxes, hike in tariffs

Pakistan had informed the International Monitory Fund (IMF) that increasing taxes or tariffs was currently not feasible under the IMF programme, said...

831

Covid pandemic worsened debt vulnerabilities of Pakistan: IMF

The Covid-19 pandemic has worsened existing debt vulnerabilities of Pakistan and led to a surge in its financing needs, said International Monetary...

545

IMF’s SDRs could provide up to $3 billion to Pakistan: Moody’s

International Monetary Fund (IMF)’s Special Drawing Rights (SDRs) may provide meaningful support to the countries like Pakistan, said Moody’s. Special Drawing Rights were...

741

Govt sets GDP growth target at 4.2 percent for fiscal year 2022

Keeping the IMF’s programme in view, the government approved the Budget Strategy Paper (BSP) on Tuesday for the fiscal year 2022 envisaging...

731

IMF projects budget deficit at 7.1pc in FY21

International Monitory Fund (IMF) has suggested that till the time, pandemic is over, the fiscal policies of the countries should remain flexible with special...

834

IMF Executive Board completes reviews of Pakistan’s economy; approves $500m for budget support

The second, third, fourth, and fifth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for the country, has been completed by...