IMF Archives - Page 2 of 2

US helped Pakistan in reaching IMF accord

1Jul

By Muhammad Dastageer Shams2 Comments

Business

US helped Pakistan in reaching IMF accord

Pakistan’s request to the United States in handling the current economical issues with the International Monetary Fund (IMF) “helped” the country. However, there had been no concessions in situations set for the continuation of the loan settlement. Speaking to Geo News today, 'Naya Pakistan' host Shahzad Iqbal said that according to his records; Capital has got the advantage of reaching out to the United States. This is due to the fact that IMF's mindset at that point has become very strict. So the IMF became placing harsh situations and likely may have refused to signal help with the situation. However, the anchorperson added, it is due to the US pressure which made it viable for Pakistan. However, there had been no concessions in situations.According to reports, Finance Minister Miftah ...

What IMF report says about Pakistani Economy?

20Apr

By Muhammad Dastageer Shams1 Comment

Business

What IMF report says about Pakistani Economy?

IMF IMF says that in Pakistan the economy has rebounded on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. An improvement in the external position has been hindered by strong import growth, fueled by macroeconomic policy mix, commodity price increases, and credit growth. Rupee depreciation is marked, and inflation remains persistently high. The current account deficit has increased. Recent Economy development Once again, Pakistan stands at a crossroads according to IMF statisitcs. Pakistan was on the brink of a severe currency and fiscal crisis. But the EFF program was able to stabilize the economy, rebalancing the macroeconomic policy mix, and preventing a disorderly adjustment. During the first nine months of the progr...

IMF to disburse $2.77 Billion COVID 19 fund in Pakistan

14Aug

By Abdullah1 Comment

Business

IMF to disburse $2.77 Billion COVID 19 fund in Pakistan

Minister 'Shaukat Tarin' announced that that the IMF would disburse $2.77b unconditional loan at zero mark-up by August 23, 2021. This will help Pakistan with losses amid the COVID 19 situation. On Thursday 12th August, Minister for Finance and Revenue 'Shaukat Tarin' announced that on 23rd August Pakistan will receive $2.77 billion from the International Monetary Fund (IMF). This disbursement of amount is a part of IMF's general allocation of $650 billion. IMF is taking this initiative to boost global liquidity affected due to wide spread of COVID 19 virus. IMF will distribute the general allocation amongst all its members , it will be a great help to those badly affected. Shaukat Tarin talked about the situation in a press conference. He said that the amount will be directly tran...

Pakistan to Reach Water Scarcity by 2025

13Jul

By Maru J1 Comment

Latest

Pakistan to Reach Water Scarcity by 2025

Pakistan is marked as ''third'' most critical country to face water scarcity in recent times. PAKISTAN - International Monetary Fund (IMF) has released reports which labeled Pakistan as the ''Third'' most likely country to face water scarcity. United Nations Development Programmed (UNDP) and Pakistan Council of Research in Water Resources (PCRWR) has reported that Pakistan likely to hit water scarcity by 2025. It is also reported that South Asian countries will go water scarcity by 2040. However, this is not the first time Pakistan has been warned about such looming scarcity factor. In 2016, PCRWR reported that Pakistan touched the "water stress line" in 1990 and crossed the "water scarcity line" in 2005. If situation like this continues, the country is likely to face a drought ...