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Pakistan’s foreign reserves have received a significant boost following the arrival of the second IMF tranche under the Extended Fund Facility (EFF). The State Bank of Pakistan (SBP) confirmed on Tuesday that it has received SDR 760 million—equivalent to approximately $1.023 billion—from the International Monetary Fund (IMF). Disbursement After Successful Review The disbursement came after …
Continue reading “IMF Disburses $1.02 Billion to Pakistan Under Extended Fund”
The Pakistan Stock Exchange (PSX) witnessed a record-breaking rally on Monday. The KSE-100 Index surged by 9,926 points in a single session. With this sharp rise, the index soared to an all-time high of 117,104 points. This marks one of the largest single-day gains in the history of Pakistan’s financial markets. Trading Temporarily Halted Due …
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ISLAMABAD: Pakistan has secured a major financial boost as the International Monetary Fund (IMF) approved a $1 billion second tranche under the Extended Fund Facility (EFF). This decision comes at a time when regional tensions with India have escalated. The announcement was made in an official statement by the IMF Executive Board on May 9, …
Continue reading “IMF Approves $1 Billion Tranche for Pakistan Amid Rising Regional Tensions”
In a key development for economic recovery, the International Monetary Fund (IMF) has approved a $1 billion loan tranche for Pakistan under the Extended Fund Facility (EFF). The approval, which came despite India’s objections, highlights the IMF’s continued support for Pakistan’s financial reforms. The keyword Extended Fund Facility reflects the broader framework supporting the disbursement. …
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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a remarkable rebound on Friday, with the benchmark KSE-100 Index surging by 2.62% amid renewed investor optimism. The sharp rally was driven by hopes of de-escalating tensions between Pakistan and India, expectations of a monetary policy rate cut, and the upcoming International Monetary Fund (IMF) board review. Market …
Continue reading “PSX Soars as Tensions Ease, Rate Cut and IMF Review Raise Investor Confidence”
The IMF loan program for Pakistan is set for a critical review on May 9, when the International Monetary Fund’s Executive Board will meet to evaluate both the ongoing $7 billion Extended Fund Facility (EFF) and a new $1.3 billion climate resilience loan under the Resilience and Sustainability Facility (RSF). Disbursement of $1 Billion Expected …
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The global economy faces rising uncertainty as the International Monetary Fund (IMF) calls on the United States to finalize trade agreements swiftly. IMF Managing Director Kristalina Georgieva, speaking during the IMF’s spring meetings in Washington, warned that unresolved trade tensions, particularly those stemming from former President Donald Trump’s tariff policies, are threatening global growth. Uncertainty …
Continue reading “IMF Chief Urges Swift U.S. Trade Deals to Avert Global Economic Slowdown”
In a significant revelation, Prime Minister Shehbaz Sharif stated that Pakistan’s recent success in securing the IMF bailout would not have been possible without China’s support. During a ceremony held in Islamabad, the premier praised China as the country’s “most sincere friend” and emphasized the critical nature of their bilateral ties, especially in the wake …
Continue reading “China’s Crucial Role in Pakistan’s IMF Deal and Agricultural Revival”
Islamabad, April 15 — Fitch Ratings on Monday upgraded Pakistan’s long-term foreign-currency issuer default rating to ‘B-’ from ‘CCC+’, reflecting improved fiscal management, stabilised external accounts, and stronger economic policymaking. The outlook remains stable. The upgrade signals renewed investor confidence in Pakistan’s ability to enforce reforms under its ongoing International Monetary Fund (IMF) programme. The …
Continue reading “Fitch Upgrades Pakistan’s Credit Rating to ‘B-’, Cites Economic Recovery”
ISLAMABAD: The International Monetary Fund (IMF) has approved only a Re1 per unit reduction in electricity tariffs. This comes after a grid levy was imposed on industrial captive power plants. However, the Islamabad High Court (IHC) has stayed the decision for over a month. IMF Resident Representative in Islamabad, Mahir Binici, confirmed the tariff reduction. …
Continue reading “IMF Clears Minimal Power Tariff Cut, But Legal Hurdles Persist”
ISLAMABAD: The federal government will finalize the budget for the fiscal year 2025-26 after consulting the International Monetary Fund (IMF), sources revealed. Sources in the Ministry of Finance told Geo News that another IMF delegation will visit Pakistan soon. The discussions will take place both in person and online. Officials said these talks will continue …
Continue reading “Pakistan to Present 2025-26 Budget After IMF Consultations”
The International Monetary Fund (IMF) has approved a Re1 per unit reduction in electricity tariffs, providing relief to consumers struggling with rising inflation. The relief will be funded through a gas levy on captive power plants, ensuring financial stability while easing the burden on households. Tariff Relief Plan This electricity tariff reduction applies to all …
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Islamabad: The International Monetary Fund (IMF) has approved a reduction of Rs 1 per unit in electricity tariffs, offering relief to consumers across Pakistan. IMF officials confirmed that the tariff reduction will apply to all electricity users. The relief will be financed through revenue collected from the levy imposed on captive power plants using gas. …
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Commitment to Strcutural Reforms Pakistani authorities have reaffirmed their dedication to structural reforms. The government plans to continue fiscal adjustments to lower public debt while ensuring transparency. Strengthening tax systems and improving public financial managemeny remain key priorities. The IMF has also highlighted the need for strict monetary policies to manage inflation, which has now …
Continue reading “Pakistan Secures $1.3 Billion IMF Deal for Economic and Climate Stability”
The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday. Investors reacted positively to Pakistan’s staff-level agreement with the International Monetary Fund (IMF). The benchmark KSE-100 Index soared by 1,139.15 points, closing at 117,772.31, marking a 0.98% gain. The index hit an intra-day high of 118,220.88 points. Buying pressure remained strong across multiple sectors. …
Continue reading “IMF Deal Sparks Bullish Rally at PSX, Market Gains Over 1,100 Points”
The Pakistan Stock Exchange (PSX) suffered a sharp decline as concerns over the cement sector, low trading volumes, and IMF tax policies rattled investor confidence. The KSE-100 Index dropped 2,002.55 points (-1.69%), closing at 116,439.62, marking a significant downturn at the start of the trading week. Market Opens Weak Amid Cement Sector Concerns The day …
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The International Monetary Fund (IMF) has approved a 2% reduction in property purchase tax, providing relief to buyers in Pakistan’s real estate market. This decision, effective from April 2025, aims to ease financial burdens on investors and stimulate transactions in the sector. However, the withholding tax (WHT) on property sellers remains unchanged. Key Agreement Between …
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Pakistan is in the final stages of IMF negotiations, with no major obstacles in sight, according to Finance Minister Muhammad Aurangzeb. He assured that the country is on track to meet the IMF’s financial targets, paving the way for the next tranche of funding. However, he also warned that climate change poses a serious threat …
Continue reading “Pakistan Nears IMF Deal as Climate Threats Loom, Says Finance Minister”
KARACHI: The Pakistan Stock Exchange (PSX) soared to a new all-time high on Thursday. Investors reacted positively to reports of the International Monetary Fund’s (IMF) readiness to approve the government’s circular debt management plan. The bullish momentum gained strength as discussions on privatizing state-owned enterprises (SOEs) continued. Hopes of a cut in industrial power tariffs …
Continue reading “Pakistan Stock Exchange Hits Record High on Thursday Amid IMF Optimism”
The Pakistan Stock Exchange (PSX) started the week on a strong note. Investor confidence soared due to progress in negotiations between Pakistan and the International Monetary Fund (IMF). Optimism over the resolution of circular debt in the energy sector also fueled market gains. The KSE-100 Index climbed 663.43 points, or 0.57%, closing at 116,199.59. This …
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Islamabad: Pakistan and the International Monetary Fund (IMF) have made significant progress toward a Staff-Level Agreement (SLA) on the first review of the $7 billion loan program. IMF Mission Chief Nathan Porter confirmed the development. He stated that discussions between the lender and Pakistani authorities moved forward on economic reforms under the Extended Fund Facility …
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Pakistan has begun policy-level discussions with the IMF to secure the next $1 billion tranche from its $7 billion loan program. These talks, running until March 14, will assess Pakistan’s economic progress and its ability to meet IMF conditions. The key focus areas include new taxation policies, energy sector reforms, and debt reduction strategies. New …
Continue reading “Pakistan, IMF Discuss Policy Measures for $1 Billion Tranche”
The International Monetary Fund (IMF) has urged Pakistan to take immediate action to reduce its circular debt, a major financial challenge for the country. During ongoing discussions, both sides held a special session focused on debt management. Pakistan informed the IMF that it is implementing a strategy to reduce circular debt by Rs. 1,250 billion, …
Continue reading “IMF Pushes Pakistan to Cut Circular Debt in Ongoing Talks”
