اسلام آباد: پاکستان نے عالمی مالیاتی فنڈ (آئی ایم ایف) کے ساتھ 3 سالہ نئے قرض پروگرام کے لیے باضابطہ مذاکرات شروع کردیے۔ وزارت خزانہ کی جانب سے جاری ماہانہ رپورٹ میں بتایا گیا ہے کہ آئی ایم ایف کے ساتھ 3 سالہ نئے قرض پروگرام کیلئے باقاعدہ مذاکرات شروع کردیے ہیں، آئی ایم ایف قرض پروگرام مستحکم پالیسی کے لیے انتہائی اہم ہے کیونکہ قرض پروگرام سے بیرونی سیکٹر مستحکم ہوگا اور پاکستان میں سرمایہ کاری بڑھے گی۔ رپورٹ کے مطابق رواں مالی سال ترسیلات زر، برآمدات، براہ راست غیرملکی سرمایہ کاری، زرمبادلہ کے ذخائر، ایف بی آر محصولات اور نان ٹیکس آمدنی میں اضافہ ہوا ہے، 10 ماہ میں ایف بی آر محصولات میں 30.6 فیصد کا اضافہ ہوا اور رواں مالی سال نان ٹیکس آمدنی میں 94.8 فیصد کا اضافہ ریکارڈ ہوا جب کہ رواں مالی سال روپےکی قدر میں بہتری آئی اور مہنگائی میں کمی ہوئی، مئی میں مہنگائی کی شرح 13.5 سے 14.5 فیصد تک رہنے کا امکان ہے۔ رپورٹ میں بتایا گیا ہےکہ ترسیلات زر میں گزشتہ مالی سال کے مقابلے میں 3.5 فیصد اضافہ ریکارڈ کیا گیا، برآمدات میں گزشتہ مالی سال کے مقابلے میں 10.6 فیصد اضافہ ہوا اور رواں مالی سال درآمدات میں 5.3 فیصد کی کمی ہوئی۔ رپورٹ کے مطابق بیرونی سرمایہ کاری میں 10 ماہ میں 93.1 فیصد اور زرمبادلہ ذخائر میں 10 ماہ میں 5 ارب ڈالر تک کا اضافہ ہوا جب کہ ایک سال میں روپے کی قدر میں 9 روپے تک اضافہ ہوا۔ رپورٹ میں مزید بتایا گیا ہےکہ رواں مالی سال مالی خسارے میں 26.8 فیصد کا اضافہ ہوا جب کہ مہنگائی 28.2 فیصد سے کم ہوکر 26 فیصد پر آگئی۔ #Islamabad #Pakistan #IMF #LoanProgram #Economy #Finance #Negotiations #ForeignInvestment #EconomicPolicy #FinancialStability #Growth #ExchangeRate #Inflation #Remittances #Exports #ForeignExchangeReserves #IMFLoan #IMFProgram #PakistaniRupee #IMFNegotiations #FinancialReport #EconomicGrowth #Investment
پاکستان میں قرآن کے نظام معیشت کو قائم کیا جائے تو ہم دنوں اور ہفتوں میں قرضے ادا کرسکتے ہیں #PMML #YoumETakbeer #IMFLoan #loan
The Ministry of Finance, @finance_ministry has issued its monthly economic report, forecasting a further decline in inflation in Pakistan. 🔗Tab the link in bio for full story. #PakistanEconomy #InflationDecline #IMFLoan #EconomicRecovery #FinanceMinistry
بغداد: عراق کے مالیاتی مشیر مظہر صالح کا اپنے بیان میں کہنا ہے کہ 2003 سے لے کر اب تک انٹرنیشنل مانیٹری فنڈ (آئی ایم ایف) سے لئے گئے تمام قرضے واپس کردیئے ہیں، جن کی کل مالیت 8 بلین ڈالر سے کم ہے۔ عرب میڈیا کی رپورٹ کے مطابق عراق نے 2003 سے لے کر اب تک انٹرنیشنل مانیٹری فنڈ (IMF) سے لیے گئے تمام قرضوں کی ادائیگی کر دی ہے جن کی کل رقم صرف 8 بلین ڈالر سے کم ہے۔ عراقی وزیر اعظم کے مالیاتی مشیر مظہر صالح نے وضاحت کی کہ آئی ایم ایف نے عراق کو متعدد قرضے فراہم کیے، جس کا مقصد میکرو اکنامک استحکام اور مالیاتی اصلاحات کی حمایت کرنا ہے۔ اُنہوں نے کہا کہ عراق نے 2003 اور 2021 کے درمیان IMF سے کئی مالیاتی پروگرام حاصل کیے جن میں ہنگامی قرضے اور طویل مدتی مالی امداد شامل ہے۔ 2016 میں آئی ایم ایف نے عراق میں اقتصادی اصلاحات کے لیے 5.34بلین ڈالر کے مالیاتی پروگرام کی منظوری دی پانچ سالوں کے اندرعراق نے کل کا دو تہائی حصہ حاصل کرنے کے بعد قرض کی مکمل ادائیگی کر دی۔ دوسری جانب آئی ایم ایف نے پاکستان کو مل کر کام کرنے کی یقین دہانی کراتے ہوئے کہا ہے کہ ٹیکس نیٹ کو بڑھانے کے اقدامات ناگزیر ہیں۔ تفصیلات کے مطابق پاکستان سے مذاکرات کے بعد عالمی مالیاتی فنڈ (آئی ایم ایف) نے اعلامیہ جاری کردیا۔ جس میں کہا ہے کہ پاکستان نے آئی ایم ایف سے نئے قرض پروگرام کی باضابطہ درخواست کی، جس پر آئی ایم ایف کیمشن چیف نیتہن پورٹر کی زیرصدارت وفد نے پاکستان کا دورہ کیا، دورے کے دوران پاکستان کی معیشت کی بہتری کیلئے 13 سے 23 مئی تک طویل مذاکرات کیے گئے۔ #IraqEconomy #IMFLoan #EconomicReform #DebtPayment #FinancialStability #PakistanIMFProgram #EconomicDevelopment #IMFSupport #FinancialRecovery #PakistanEconomy
عراق آئی ایم ایف کے چنگل سے باہر نکل آیا ، بغداد حکومت نے عالمی مالیاتی فنڈ( آئی ایم ایف) سے لئے گئے تمام قرضوں کی ادائیگی کر دی۔ اس بات کا اعلان عراقی وزیر اعظم کے مالیاتی مشیر مظہر صالح نے کیا ، ان کے مطابق 2003اور 2021کے دوران لئے گئے 8ارب ڈالر واپس کردیئے۔ عرب میڈیا کے مطابق عراقی وزیر اعظم کے مالیاتی مشیر نے وضاحتی بیان میں کہا کہ آئی ایم ایف نے عراق کو متعدد قرضے فراہم کئے ، جس کا مقصد میکرو اکنامک استحکام اور مالیاتی اصلاحات کی حمایت کرنا ہے۔ عراق نے 2003 سے لے کر اب تک انٹرنیشنل مانیٹری فنڈ (آئی ایم ایف)سے لئے گئے تمام قرضوں کی ادائیگی کر دی ہے جن کی کل رقم صرف 8بلین ڈالر سے کم ہے۔ #Iraq #IMF #IraqGovt #Paidoff #loans #IMFLoan #FinancialAdviser #IraqiPrimeMinister #SouthToday
In a significant development, Pakistan and the International Monetary Fund (IMF) have made substantial progress towards securing a staff-level agreement for an extended fund facility (EFF), the IMF announced on Friday. This positive news triggered a notable surge in the Pakistan Stock Exchange (PSX), which jumped 556.5 points to 75,670.97 at 9:41 AM, up from the previous close of 75,114.47. Read more: https://theupcut.com/pakistan-and-imf-make-strides-toward-extended-fund-facility-agreement/ #extendedfundfacility #pakimf #IMFLoan #imfdeal #imfdealforpak #BusinessNews #Pakistan #theupcut
In a crucial development, Pakistan has been given 40 days to finalise several key actions, primarily requiring parliamentary approvals, to secure a formal staff-level agreement (SLA) with the International Monetary Fund (IMF) for its next bailout programme. This comes as a two-week dialogue between Pakistani officials and an IMF mission, led by Nathan Porter, draws to a close. Read more: https://theupcut.com/pakistan-faces-urgent-deadline-for-imf-bailout-agreement/ #pakimfdeal #pakimfloan #IMFLoan #internationalmonetaryfund #IMF #BusinessNews #Pakistan #theupcut
Pakistan's economic outlook: Modest growth (2%) expected in 2024, but challenges remain. IMF program & global recovery offer hope, but food security, debt & climate change need attention. Read More: https://initiatemagazine.com/business-news/un-sees-upward-trend-pakistans-economy-projected-to-expand-2-in-2024/ . . . . . #initiatemagazine #initiate #initiators #PakistanRising #SouthAsia #DevelopingEconomy #IMFLoan #FiscalPolicy #SustainableDevelopment #FoodCrisis #ClimateAction #DebtManagement #CriticalMinerals #CleanEnergyTransition #ForeignInvestment #UNDESA #WorldEconomicSituation #GlobalDevelopment
آئی ایم ایف اہداف کی خلاف ورزی، پاور سیکٹر کے قرض میں 150 ارب کا اضافہ #IMFProgram #Pakistan #IMFPakistan #IMFDeal #PowerSector #IMFLoan #Debt #Violation #IncreaseDebt #PMLNGovt
آئی ایم ایف اہداف کی خلاف ورزی، پاور سیکٹر کے قرض میں 150 ارب کا اضافہ #IMFProgram #Pakistan #IMFPakistan #IMFDeal #PowerSector #IMFLoan #Debt #Violation #IncreaseDebt #PMLNGovt
The Pakistan Stock Exchange (PSX) hit a record high above 75,000 points driven by optimism for the IMF loan deal, expected Saudi investments, and potential monetary policy easing. #imfdeal #imf #PSX #pakistanimarket #PakistanStockexchange #IMFloan #sarmaayafinancials #monetrypolicy
Pakistan and the International Monetary Fund (IMF) have initiated discussions for a new and expanded bailout programme aimed at addressing the country’s economic challenges. Led by Finance Minister Muhammad Aurangzeb, Pakistan’s delegation, including Governor of the State Bank of Pakistan Jameel Ahmed and Chairman of the Federal Board of Revenue Amjed Zubair Tiwana, met with the IMF mission chief to Pakistan, Nathan Porter, to commence negotiations. Read more: https://theupcut.com/pakistan-begins-talks-with-imf-for-expanded-bailout-programme-eyes-fiscal-adjustments-of-rs1-6-trillion/ #IMF #FBR #StateBankofPakistan #IMFLoan #pakimfdeal #Pakistan #theupcut
Talks between Pakistan and the International Monetary Fund (IMF) for a fresh loan have begun in Islamabad on Monday. Pakistan is seeking a $6 to $8 billion bailout package from the international lender for three to four years to address its financial woes. A mission team led by Nathan Porter, IMF’s Mission Chief to Pakistan is holding talks with the Pakistani delegation led by Finance Minister Muhammad Aurangzeb. Sources privy to the development said Islamabad might have to take more tough decisions including increasing electricity and gas tariffs. Briefing the IMF delegation, Mr. Aurangzeb said the country’s economy has improved after the IMF loan package and Islamabad is ready to sign a fresh loan programmed for further improvement. The IMF mission expressed satisfaction with the steps taken by Islamabad for the recovery of ailing economy. In its staff report earlier this week, the IMF acknowledged Pakistan’s economic improvement, however, it warned that the outlook remains challenging, with downside risks remaining exceptionally high. The country narrowly averted default last summer, and its $350 billion economy has stabilized after the completion of the last IMF programmed, with inflation coming down to around 17% in April from a record high of 38% last May. #PakistanIMF #IMFLoan #FinancialBailout #EconomicRecovery #FinanceMinister #NathanPorter #Aurangzeb #ElectricityTariffs #GasTariffs #EconomicImprovement #DefaultRisk #Inflation #EconomicStabilization #Opinion #pk
اسٹیٹ بینک آف پاکستان (ایس بی پی) کے زرمبادلہ ذخائر 9 ارب ڈالر سے تجاوز کر گئے ہیں۔ مرکزی بینک کے مطابق ایک ہفتے کے دوران اسٹیٹ بینک کے ذخائر میں 1 ارب 14 کروڑ ڈالر کا اضافہ ہوا، جس کے بعد اسٹیٹ بینک کے پاس ڈالر ذخائر 9 ارب 12 کروڑ ڈالر تک پہنچ گئے۔ بینکوں کے پاس کھاتے داروں کے 5 ارب 34 کروڑ ڈالر جمع ہیں۔ سٹیٹ بینک کے مطابق ملکی زرمبادلہ کے مجموعی ذخائر 14 ارب ڈالر سے بھی تجاوز کر چکے ہیں، جن کی کل مقدار 14 ارب 46 کروڑ ڈالر ہوگئی ہے۔ ملکی ڈالر ذخائر میں یہ اضافہ آئی ایم ایف سے 1.1 ارب ڈالر ملنے کے باعث ہوا ہے۔ #زرمبادلہ_ذخائر #اسٹیٹ_بینک_آف_پاکستان #ملکی_معیشت #IMF #ڈالر_ذخائر #پاکستان_کی_معیشت #ForeignExchangeReserves #StateBankOfPakistan #IMFLoan
The International Monetary Fund (IMF) has asked Pakistan to tax the salaried and business individuals at a single income threshold by lowering the highest taxable income limit of the salaried people, which will result in charging a 35% income tax rate at a monthly income of Rs333,000. At present, business individuals are charged the 35% rate at Rs333,000 monthly income while the salaried persons’ highest tax rate starts at over Rs500,000 per month salary. The global lender has also demanded to retain the current income-tax exemption threshold at Rs50,000 monthly income instead of further relaxing it. This will adversely hit the lower middle-income groups earning from Rs51,000 to Rs100,000 a month whose purchasing power has significantly eroded due to constant double-digit inflation. #IMF #BreakingNews #infer #pakistan #IMFLoan
The International Monetary Fund (IMF) is expected to send a mission to Pakistan in May to discuss a potential new programme and policies ahead of the country's annual budget-making process for the next financial year. The IMF programme is crucial for Pakistan as it just completed a short-term $3 billion arrangement to avert sovereign default. Prime Minister Shehbaz Sharif's government is emphasizing the need for a longer-term programme to ensure economic stability. While specific dates for the mission were not disclosed, the IMF plans to discuss Pakistan's fiscal year 2025 budget and necessary policy reforms for the welfare of the country's citizens. Pakistan's financial year runs from July to June, and the fiscal year 2025 budget needs to be finalized before June 30. The IMF mission will focus on reforms, balance of payments, and the size of the new programme based on the package of reforms required. Pakistan's economy has experienced challenges, including a high fiscal deficit and controlled external account deficit through import restrictions. However, inflation has decreased significantly, and economic growth is anticipated to reach 2% this year. Finance Minister Muhammad Aurangzeb mentioned that Pakistan aims to agree on the contours of the new IMF loan in May and is expected to request at least $6 billion under the Resilience and Sustainability Trust. The potential new programme will be pivotal in shaping Pakistan's economic future and guiding the country's fiscal stability. #IMFVisit #PakistanEconomy #NewProgramme #FinancialReforms #FY25Budget #EconomicStability #IMFLoan #PakistanBudget #PrimeMinister #IMFMission #MonetaryPolicy #BudgetDiscussions #EconomicCollaboration #FinancialYear #EconomicGrowth #GovernmentBudget #PolicyReforms #FiscalDeficit #IMFConsultations #BalanceOfPayments #Budget2025 #InflationReduction #EconomicProspects #WelfareReforms #PakistanDevelopment #IMFGuidance
Prime Minister Shehbaz Sharif emphasized the need for Pakistan to focus on eliminating its debt rather than just securing another loan tranche from the International Monetary Fund (IMF). His remarks followed the IMF's approval of the final tranche of $1.1 billion under the $3 billion Stand-By Arrangement (SBA). PM Shehbaz expressed satisfaction with the approval and commended the government's financial team for their efforts. He noted that the loan tranche will contribute to economic stability and praised the difficult decisions made by the government to address economic challenges. The prime minister highlighted the importance of pursuing structural reforms and sound macroeconomic policies to create stronger and more sustainable growth. His comments reflect the government's intention to move away from reliance on loans and towards a path of long-term economic stability. Pakistan has formally requested a new bailout package from the IMF, ranging from $6 to $8 billion, to support its economic reform agenda and climate financing needs. However, the exact details of the next programme are yet to be finalized. #EconomicStability #DebtElimination #IMFLoan #Gensaid #GensaidSports #GensaidEntertainment #GensaidUrdu
अंतराष्ट्रीय मुद्रा कोष ( IMF) ने आर्थिक तंगहाली से जूझ रहे पाकिस्तान को बेलआउट पैकेज की तीसरी किश्त को मंजूरी दे दी है। यह किश्त 1.1 बिलियन डॉलर यानि 9 हजार करोड़ रुपए की है। IMF ने कहा है कि पाकिस्तान को अपनी अर्थव्यवस्था को पटरी पर लाने के लिए कड़े कदम उठाने की जरूरत है। इस किश्त के बाद पाकिस्तान पर IMF का कुल कर्ज 3 बिलियन अमेरिकी डॉलर तक पहुंच गया है। #swadeshnews #Internationalnews #Pakistan #IMFLoan #PakistanEconomicCrisis #BailoutPackage #3rdInstallment #hindinews
انٹرنیشنل مانیٹری فنڈ (آئی ایم ایف) کے ایگزیکٹو بورڈ نے گزشتہ روز پیر کو پاکستان کو تقریباً 1.1 بلین ڈالر کی فوری تقسیم کی منظوری دے دی ہے۔ بورڈ نے پیر کو واشنگٹن میں میٹنگ کی اور پاکستان کے لیے اسٹینڈ بائی ارینجمنٹ کی دوسری قسط کا جائزہ لیا۔ سوائے بھارت کے بورڈ کے تمام ممبران نے آخری قسط جاری کرنے کی حمایت کی۔ read complete news in bio link #IMF #Pakistan #loan #approved #IMFloan #PakistanGDP
Prime Minister Shehbaz Sharif has expressed optimism following the International Monetary Fund's approval of $1.1 billion in funding for Pakistan, citing the potential for economic stability. This funding marks the second and final tranche of a $3 billion standby arrangement with the IMF, secured by Islamabad last summer to prevent a sovereign default. Shehbaz Sharif's remarks come amidst discussions for a new bailout loan, with efforts aimed at securing a larger long-term Extended Fund Facility agreement. Reflecting on the significance of this milestone, the Prime Minister highlighted the reforms undertaken as per the IMF program and emphasized the importance of continued policy efforts to achieve robust and sustainable economic recovery. He commended the dedication of the economic team and expressed gratitude towards the IMF for their support during challenging times, underscoring the importance of international cooperation. #24NewsHD #ShehbazSharif #IMFLoan #1.1BillionDollars
Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance and the IMF confirmed that the lender had approved the “immediate disbursement” of a $1.1bn tranche that completes a total loan of $3bn agreed to under a deal inked last year. But the approval came with firm words from the IMF. “To move Pakistan from stabilization to a strong and sustainable recovery the authorities need to continue their policy and reform efforts, including strict adherence to fiscal targets while protecting the vulnerable; a market-determined exchange rate to absorb external shocks; and broadening of structural reforms to support stronger and more inclusive growth,” the organisation said in a statement. The bailout followed a meeting between Pakistani Prime Minister Shehbaz Sharif and IMF Managing Director Kristalina Georgieva, on the sidelines of the World Economic Forum meeting in Riyadh on Sunday. Sharif’s government had sought a new IMF deal after the current $3bn standby arrangement (SBA) with the global lender expired on April 11. #IMF #Pakistan #EconomicAid #FinancialAssistance #LoanRelease #EconomicRecovery #InternationalFinance #IMFLoan #EconomicDevelopment #FinancialSupport #BilateralRelations #EconomicStability #IMFProgram #EconomicGrowth #KeyMeeting #IMFSupport #DebtRelief #EconomicPolicy #FinancialNews #GlobalEconomy
IMF Approves $1.1B Loan for Pakistan Read More: https://broadkast.pk/imf-approves-1-1b-loan-for-pakistan/ Follow @broadkast.pk for Pakistani🇵🇰 #latesttrends and #latestnews #broadkast #broadkastdotpk #broadkastpk #pakistan #pakistannews #pakistaninews #pakistaninewschannels #brandpartnerships #pakistanbroadcast #paksitanbroadkast #newsupdate #breakingnews #worldnews #likeforlikes #followformore #imf #loanapproval #pakistan #economicsupport #financialassistance #fiscalreforms #economicstability #internationalfinance #economicdevelopment #imfloan #financialaid #economicrecovery
IMF Approves $1.1 Billion Loan Tranche for Pakistan #IMF #LoanApproval #EconomicSupport #PakistanEconomy #FinancialAssistance #InternationalFinance #IMFLoan #EconomicDevelopment #FinancialStability #DebtRelief
The Executive Board meeting of the International Monetary Fund (IMF) took place in Washington and endorsed the prompt disbursement of $1.1 billion to Pakistan—the final installment of the current loan program. Reports indicate that this last installment was approved under the standby arrangement. It is reported that out of the $3 billion loan program, Pakistan has already received $1.9 billion. The IMF's Executive Board recognizes the positive developments in Pakistan's economy. Upon the transfer of funds, the 9-month standby arrangement will be fulfilled. The standby arrangement has played a crucial role in enabling Pakistan to steer clear of default. #imf #pakistan #pakistaneconomy #loan #internationalmonetaryfund #imfloan
The International Monetary Fund (IMF) Executive Board has approved the release of approximately $1.1 billion to Pakistan, following the successful completion of the second review under its $3 billion Stand-By Arrangement. This decision aims to bolster the economic reforms and stabilize the financial landscape of Pakistan. The funds, expected to be disbursed immediately, will significantly enhance the foreign currency reserves of the State Bank of Pakistan, pushing them towards the $9 billion threshold. #BroadcastRepublic #IMFLoan #EconomicReform 🌐 Read More: Broadcastrepublic.com
Finance Minister Muhammad Aurangzeb revealed plans to increase Pakistan's gross official foreign exchange reserves to $10 billion within two months. This strategy aligns with the anticipated approval of the final $1.1 billion loan tranche from the International Monetary Fund (IMF) on Monday. Aurangzeb also outlined his approach to avoid future IMF programs, aiming for a new "large and longer" 24th program. This strategy focuses on boosting exports, foreign direct investment (FDI), and raising debt from global markets—pillars pursued by finance ministers over the past 16 years. The minister stressed three key areas for the future IMF program: increasing the tax-to-GDP ratio, reforming the energy sector, and accelerating the privatisation program. Aurangzeb envisions a more sustainable tax-to-GDP ratio within the next 3-4 years. He highlighted the textile and information technology sectors as critical for enhancing exports and anticipated that interest rates would decline due to the slowing inflation rate. Additionally, Saudi Arabia has shown interest in investing $5 billion in Pakistan. While unconventional, external debt is part of Aurangzeb's strategy for economic progress. The finance minister also emphasized the importance of collaboration among the private, public, and military sectors for Pakistan's future. #EconomicStability #FinanceStrategy #PakistanEconomy #IMFLoan #ForeignExchangeReserves #FutureIMFProgram #TaxReform #EnergySector #Privatization #FDI #ExportBoost #ForeignInvestment #SaudiInvestment #DebtManagement #EconomicOutlook #PolicyReform #GlobalMarkets #Trade #TextileIndustry #InvestmentOpportunities #GovernmentCollaboration #FinanceMinister #GenSaid #GenSaidSports #GenSaidEntertainment #GenSaidUrdu
According to Finance Minister Muhammad Aurangzeb, Pakistan is on course to obtain a fresh IMF loan. He stated in an interview with The National, an English-language newspaper, that the IMF has been very accommodating when it comes to agreeing to look into a longer and more comprehensive program. According to the Finance Minister, Pakistan would require at least three years of assistance in order to implement its reform agenda, which includes changes to the energy and taxation sectors. According to Muhammad Aurangzeb, as Pakistan tries to revive its flagging economy, macroeconomic conditions are changing in its favor. According to the Minister of Finance, Pakistan's currency has stabilized and by the end of the next year, inflation is expected to reach single digit levels. #IMFLoan #PakistanEconomy #FinanceMinister #MuhammadAurangzeb #ReformAgenda #MacroeconomicConditions #CurrencyStabilization #InflationRate #EconomicRevival #IMFAssistance #TaxationReform #EnergySectorReform
The Pakistan Stock Exchange's benchmark KSE-100 index hits a record high of 71,474 points, up 0.8%, driven by positive sentiments. With a 74% surge over the past year and 10.43% year-to-date increase, the market reflects optimism. Analysts attribute market's upward momentum to various factors including potential Saudi investment in Reko Diq, IMF loan prospects, and declining inflation rates. Sectors like oil & gas, banking, and fertilizers experience increased investor interest. #PAYF #PSX #PakistanTrade #pakistanstockexchange #IMFLoan #PakistanEconomy
“Pakistan is setting the stage for a new economic chapter as Finance Minister Muhammad Aurangzeb announces plans to finalize a new IMF loan in May. In talks with the IMF’s Managing Director during the Spring Meetings, Aurangzeb outlined the country’s strategy to secure a larger, more extended loan to enhance macroeconomic stability and support essential structural reforms. With an eye on boosting its economic resilience, Pakistan is not only aiming for a loan of at least $6 billion but also additional funding under the IMF’s Resilience and Sustainability Trust. As the current $3 billion IMF arrangement concludes in April, Pakistan is also actively engaging with rating agencies to improve its sovereign rating and prepare for a return to international capital markets, potentially with a green bond by the 2025/2026 fiscal year. Amidst this financial strategizing, the country’s foreign reserves are expected to hit $10 billion by end-June, providing a solid foundation for future economic stability. #corpwire #PakistanEconomy #IMFLoan #EconomicReform #GlobalFinance”
Pakistan's Finance Minister, Muhammad Aurangzeb, announced plans to agree on the framework of a new International Monetary Fund (IMF) loan in May. The country aims to secure a longer and larger loan to ensure economic stability and implement structural reforms. With current loan arrangements set to expire in late April, the government seeks at least $6 billion from the IMF. Aurangzeb also revealed plans for additional financing under the Resilience and Sustainability Trust. Pakistan's foreign exchange reserves are on track to reach $10 billion by end-June, covering two months of imports. The bulk of Pakistan's bilateral debt, including its debt to China, is being rolled over. The finance minister believes the debt situation is manageable and expects to repay around $25 billion each fiscal year. Pakistan plans to re-enter international capital markets, possibly with a green bond. The government has initiated discussions with ratings agencies and hopes to improve its sovereign rating in the coming fiscal year. . . . . . . . . . . Hashtags: #PakistanNews #PakistanEconomy #IMFDeal #PakistanFinance #EconomicStability #IMFPakistan #PakistanDevelopment #EconomicGrowth #PakistanBusiness #ForeignExchange #BilateralDebt #DebtManagement #InternationalMarkets #GreenBondPakistan #SovereignRating #PakistanEconomicSurvey #EconomicOutlook #PakistanIMFNews #FinancialStability #EconomicReformsPakistan #PakistanIMF #PakistanLoans #EconomicGrowthPakistan #FinancialNews #PakistanEconomicUpdate #EconomicReforms #IMFLoan
Pakistan's Finance Minister Muhammad Aurangzeb revealed plans to establish a new loan agreement with the International Monetary Fund (IMF) in May, as the country's current $3 billion IMF arrangement approaches its expiration at the end of April. Pakistan is pursuing a larger and longer loan, potentially worth over $6 billion, to maintain macroeconomic stability and implement structural reforms. Talks with the IMF mission in Islamabad are expected to take place in mid-May, laying the foundation for the new loan. Pakistan also seeks additional financing under the Resilience and Sustainability Trust. Despite ongoing financial challenges, the nation has managed to accumulate foreign exchange reserves, targeting $10 billion by the end of June. The country remains optimistic about its debt situation due to the rollover of bilateral debt, including Chinese loans. Looking ahead, Pakistan plans to re-enter international capital markets, potentially through a green bond, but first must improve its sovereign rating. The government anticipates returning to these markets during the 2025/2026 fiscal year. #gensaid #gensaidsports #gensaidentertainment #gensaidurdu #Pakistan #IMFLoan #FinancialStability #InternationalDebtMarkets #MacroeconomicStability #ForeignReserves #DebtManagement #GreenBonds #SovereignRating #CapitalMarkets #FiscalPlanning #ResilienceTrust #EconomicReforms #DebtRollovers #FinanceMinister #IMFTalks #LoanAgreement #RatingAgencies
Bangladesh has repeatedly failed to retain foreign currency reserves in line with the goals set under the International Monetary Fund's $4.7 billion loan since the programme was launched in January last year. The minimum net international reserves (NIR) will also remain below the threshold when an IMF mission visits Dhaka next week to review the progress of the programme before releasing around $681 million in the third tranche in May. Despite the shortfall, driven by lower-than-expected remittance and export receipts and foreign direct investments, the country managed to secure the first two instalments of the multi-year loan. And Bangladesh Bank Governor Abdur Rouf Talukder told reporters that the country will receive the third instalment on time as well. In 2022, Bangladesh turned to the global lender after its forex reserves plunged to a critically low level amid higher import bills, leading to a sharp depreciation of the taka and an unprecedented level of inflation, hurting the poor and derailing the economic growth trajectory. Initially, the government was given a target to keep a minimum NIR of $26.81 billion for December 2023. Later, it was revised downward to $17.78 billion since the reserve situation showed no signs of major improvements. Still, the country fell short of the target by $58 million. The goal for NIR was $23.74 billion for June last year. However, the country had a reserve of $19.56 billion. Bangladesh also failed to meet the condition of the tax revenue at that time. 🔗 Tap the link in our bio to read more Full Story: https://www.thedailystar.net/business/economy/news/imfs-3rd-loan-tranche-track-despite-repeated-failure-hit-reserve-goal-3590116 #bangladesh #businessnews #economy #imf #loan #imfloan
Breaking: Pakistan Launches Talks for New Multi-Billion Dollar IMF Loan! 📈 Pakistan’s Finance Minister, Muhammad Aurangzeb, has announced the start of negotiations with the International Monetary Fund (IMF) for a comprehensive multi-year loan program, aimed at supporting the country’s ambitious economic reforms. With a final $1.1 billion tranche from the previous Standby Arrangement expected soon, these new discussions signal a deeper commitment to structural reforms and fiscal stability. As Pakistan seeks to stabilize and grow its economy, the finance minister underscored the importance of this move during his attendance at the IMF and World Bank’s spring meetings in Washington. These meetings focus on global economic challenges, including climate change and debt relief. 🌏 The potential new IMF program, which could extend over three years, is envisioned as a cornerstone for executing Pakistan’s structural reforms. These reforms include a significant privatization push, beginning with the sale of Pakistan International Airlines and extending to other state-owned enterprises in the coming years. 🤝 Additionally, the finance minister highlighted the crucial roles of the United States and China in Pakistan’s economic landscape, with the US being a key trading partner and China heavily investing through the China Pakistan Economic Corridor (CPEC). 🚀 As these discussions progress, the potential for more profound economic transformation in Pakistan looms large, promising a shift towards greater efficiency and sustainability. #PakistanEconomy #IMFLoan #GlobalEconomics #StructuralReform #corpwire
Pakistan’s Finance Minister Muhammad Aurangzeb has announced the initiation of discussions with the International Monetary Fund (IMF) for a new multi-billion dollar loan agreement aimed at bolstering the country’s economic reform programme. Aurangzeb disclosed that Pakistan intends to request a three-year programme during his visit to Washington for the IMF and World Bank spring meetings. Read more on: https://theupcut.com/pakistan-initiates-talks-with-imf-for-multi-billion-dollar-loan/ #PakIMF #InternationalMonetaryFund #pakimfdeal #PakIMFLoan #IMFLoan #Pakistan #theupcut
Pakistan And IMF Discussing New Multi-billion-dollar Program, Finance Minister Says Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program. #imf #pakistanifinanceminister #imfloan #wenewspk
“Finance Minister Muhammad Aurangzeb announces Pakistan’s initiation of discussions for a new multi-billion dollar IMF loan to enhance its economic reforms. Speaking from Washington, Aurangzeb highlights the improved market confidence and the strategic timing as Pakistan wraps up its current $3 billion IMF program. The discussions aim for a robust, extended support structure to aid Pakistan’s ongoing structural reforms, with a particular focus on a three-year program that could begin shaping by May. #corpwire #EconomicReform #IMFLoan #PakistanFinance”
🌍✈️🤝 Welcome to Washington, Mr. Finance Minister! Pakistan's Finance Minister has arrived in Washington D.C. to engage in pivotal IMF discussions and World Bank meetings. This visit aims to bolster economic strategies and enhance financial cooperation globally. 🏛️💼 LINK IN BIO #PakistanFinance #MuhammadAurangzeb #IMFTalks #WorldBankMeetings #WashingtonDC #PakistanEconomy #NewLoanProgram #FYEndGoals #PakUSRelations #GlobalFinance #IMFMeetings2023 #WorldBank2023 #InternationalRelations #EconomicDevelopment #FinancialInstitutions #China #SaudiArabia #UAE #Turkey #FriendlyNations #USOfficials #KristalinaGeorgieva #IMFLoan #SpringMeetings #BilateralMeetings #EconomicChallenges #FinancialGoals #PakistaniDelegation #pheonixpro #Pheonixpronews
Pakistan's Finance Minister Muhammad Aurangzeb leads a delegation to Washington for crucial discussions with the International Monetary Fund (IMF) regarding a new loan program. With negotiations scheduled for the coming week, Pakistan aims to secure an economic bailout package to address pressing financial challenges. The team's agenda includes meetings with IMF officials, including Managing Director Kristalina Georgieva, as well as engagements with representatives from the World Bank and other institutions. Ahead of the visit, Aurangzeb briefed Prime Minister Shehbaz Sharif on the discussions held with IMF and World Bank officials, focusing on the country's overall economic situation. IMF Chief Georgieva confirmed Pakistan's engagement in talks for a potential follow-up program to its existing Stand-By Arrangement, highlighting the nation's progress while acknowledging unresolved economic issues. Pakistan's completion of its current IMF program and efforts to bolster reserves signal a commitment to economic stability, despite ongoing challenges. As Pakistan seeks continued support from international financial institutions, these discussions in Washington carry significant implications for the country's economic future. #PakistanFinance #IMFLoan #EconomicBailout #WashingtonTalks #FinancialNegotiations #InternationalFinance #IMFProgram #EconomicStability #WorldBank #PakistanEconomy #IMFTalks #FinanceMinister #EconomicChallenges #FinancialSupport #GlobalEconomy #DebtManagement #EconomicDevelopment #Gensaid #GensaidUrdu
@jspnewspakistan111 پاکستان آئی ایم ایف کے ساتھ موجودہ پرو گرام کو کامیابی سے مکمل کر رہا ہے ، ایم ڈی آئی ایم ایف #breakingnews #LatestNews #IMF #pakistan #MD #internationalmonetaryfund #IMFLoan #inflationinpakistan
The Pakistan Stock Exchange (PSX) reached a historic milestone, soaring to an all-time high of 69,711 points on Monday, marking a remarkable surge of 1.9%. The market's bullish momentum persisted, fueled by economic optimism surrounding Prime Minister Shehbaz Sharif's visit to Saudi Arabia and Finance Minister Muhammad Aurangzeb's upcoming trip to Washington to apply for a new IMF loan program. Investors showed confidence in the market, particularly in the energy and banking sectors, amidst expectations of resolving issues like the energy crisis and circular debt. Record-breaking earnings by banks further boosted investor sentiment. Anticipating significant investment agreements with Saudi Crown Prince Muhammad bin Salman, market experts foresee potential projects like Reko Diq and refinery projects in Pakistan, signaling a surge in foreign investment. As Finance Minister Aurangzeb gears up to approach the IMF for a new loan program, investors remain optimistic about addressing foreign debt repayments and revitalizing economic activities. Despite recent highs, share prices offer value buying opportunities, with the market projected to maintain its upward trajectory. #PakistanStockExchange #PSX #EconomicOptimism #PrimeMinister #ShehbazSharif #SaudiArabia #IMFLoan #FinanceMinister #MuhammadAurangzeb #Investment #BankingSector #EnergySector #ForeignInvestment #EconomicRecovery #MarketOutlook #StockMarket #FinancialNews #InvestorSentiment #ValueInvesting #EconomicGrowth #IMFProgram #MarketProjection #Gensaid #GensaidSports #GensaidEntertainment #GensaidUrdu
International Monetary Fund (IMF) Director Communications Julie Kozack revealed that Pakistan is set to receive a total of $3 billion under the standby arrangement. She said that the global lender is due to convene an Executive Board Meeting concerning Pakistan by the end of April. “Pakistan and the IMF reached a staff-level agreement on March 19. The economic conditions in Pakistan have shown improvement,” said Kozack during a press briefing held in Washington. She said, “Pakistan is set to receive a total of $3 billion under the standby arrangement,” pointing out that the country has already secured $1.9 billion of this amount. Last month, Pakistan and the International Monetary Fund (IMF) finalized a staff-level agreement pertaining to the last review of a $3 billion bailout package. This development followed the conclusion of the IMF team’s week-long visit to Islamabad on March 19. . . #imf #imfloan #pakistan #pakgovernment #pakistandebt
Egypt to receive the first instalment of an extended IMF loan agreement next week, with Prime Minister Mostafa Madbouly confirming the imminent disbursement during a press conference. The expanded $8 billion financial support program, succeeding a $3 billion agreement from December 2022, will initiate with an immediate release of $820 million. READ MORE: LINK IN BIO #Egypt #IMF #LoanAgreement #FinancialSupport #MostafaMadbouly #EconomicDevelopment #InternationalFinance #IMFLoan #FinancialAssistance #EconomicGrowth
#agriculturelife ہم اور ہماری زراعت ایک ایسی ویڈیو سیریز ہے جس میں کسان اور زراعت پر ملک اور معیشت کے بدلتے حالات، درآمدات اور برآمدات، حکومت کی موجودہ اور مستقبل کی حکمت عملی پر تبصرہ کیا جائے گا بھارت نے اپنی بائیو فیول کی ضروریات پوری کرنے کیلیے مکئی سے پیٹرول بنانا شروع کردیا. #kissanmadadgar #concaveAGRI #breakingnews #latestnews #agriculturenews #election2024 #urea #ureafertilizer #ureaprice #water #watershortage #financialeducation #imfloan
Pakistan International Airlines (PIA) board has approved the government's plan to privatize the national carrier by June 15, 2024, ahead of an anticipated new IMF loan program. The board's first meeting since its reconstitution endorsed the move, with Ernst & Young appointed as the financial advisor. Potential buyers, possibly from the Middle East, may fetch $250-300 million for PIA. However, hurdles remain, including restructuring and debt management. Meanwhile, the government plans to support domestic banks for PIA's foreign currency loan while restructuring domestic debt. #PIA #Privatization #IMFLoan #MiddleEast #ErnstAndYoung #FinancialAdvisor #DebtRestructuring #PakistanEconomy #GovernmentPolicy #IMFProgram #PakistanAviation
Prime Minister Shehbaz Sharif has asked friendly countries that Pakistan needs the injection of critical investment in different projects, instead of loans that add to its debt burden, to rejuvenate the faltering economy. Addressing members of the cabinet at a meeting last week, the premier appreciated the Special Investment Facilitation Council (SIFC), observing that the forum was playing an effective role in enabling Pakistan to realise its growth potential, especially by facilitating foreign investment into the country. He shared with the cabinet that he had told friendly countries that Pakistan required investment this time around, but not loans. #Pakistan #Investment #IMF #IMFLoan #infer
The IMF announced a Staff-Level Agreement with Pakistan for the final review of a $3 billion bailout, with $1.1 billion pending approval. The agreement acknowledges recent program implementation efforts and signals a shift towards sustainable recovery. Pakistan aims for ongoing policy reforms and seeks a long-term bailout. #InsightPakistan #IMFLoan #bailout #pakistan
"IMF reaches staff level agreement with Pakistan" IMF staff and Pakistan have reached a staff-level agreement on the second and final review under Pakistan’s Stand-By Arrangement. According to the official statement issued by an International Monetary Fund team led by Nathan Porter, IMF reached a staff-level agreement with Pakistan on the second and final review of the country’s stabilization program supported by the IMF’s US$3 billion (SDR2,250 million) SBA approved. #IMFLoan #Pakistan #AwazEnglish
The International Monetary Fund (IMF) announced a $1.1 billion loan tranche for Pakistan, highlighting improved economic and financial conditions, despite modest growth and high inflation. Pakistan plans to hike gas and electricity prices to manage circular debt, since according to Baqir, Pakistan already has to pay about $7 billion to the IMF in the next five years while its reserves stand at $8 billion. Talks for a new bailout package are on the horizon. IMF's visit to Islamabad led to a staff-level agreement on Pakistan's economic program, pending approval by the IMF Executive Board. The agreement aims to enhance economic stability through policy reforms, tax base expansion, and tariff adjustments. Pakistan seeks a medium-term program to address fiscal and external sustainability, fostering inclusive growth and economic recovery. #imfloan #lastloan #financialcondition #economy #cohortmax
US Ambassador Donald Blome met Pakistan's Finance Minister Muhammad Aurangzeb, promising support for completing the $3 billion IMF loan programme. They discussed reforms including tax administration and investment climate improvements. The IMF's final review could grant Pakistan the remaining $1.1 billion, with discussions on digitization of taxation and expansion of the tax net underway. 👉WhatsApp Channel: https://t.ly/7e7lK #USPakistan #IMFLoan #EconomicReform #TaxationPolicy
The talks between Pakistan and the International Monetary Fund (IMF) to secure the final tranche of $1.1 billion under a standby arrangement have reported some significant progress. The sources said that the electricity tariff is expected to be further increased from July 1. Additionally, measures will be put in place for monthly, quarterly, and annual adjustments to facilitate cost recovery. #IMFLoan #pakistandealwithimf #ElectricityPrices #gaspricesarehigh #inflation #pkwisdoms
The IMF demands Pakistan secure a primary surplus, urging tax collection in Punjab and expenditure cuts. Tensions rise as negotiations with the government face resistance over additional taxation measures. #InsightPakistan #IMFDeal #IMFLoan #FinanceMinistry
The IMF mission expressed dissatisfaction with Pakistan's premature declaration of meeting benchmarks for the $3bn SBA program. The finance ministry's statement before the review annoy the IMF team. #InsightPakistan #FinanceMinister #IMF #imfloan
In a bid to address fiscal imbalances, the IMF has urged Pakistan to reopen discussions on the National Finance Commission (NFC) award. Nathan Porter, the IMF Mission Chief to Pakistan, highlighted concerns over the current distribution of fiscal resources between federal and provincial governments during talks for a $1.1 billion loan tranche. Finance Minister Muhammad Aurangzeb represented Pakistan in these discussions. The 2010 NFC award increased provincial shares without a corresponding transfer of responsibilities, leading to fiscal disparities and mounting public debt. However, revisiting the award requires consensus among all provinces, posing a challenge for the coalition government. While the IMF demands redistribution of resources for the new program, it also raises concerns about excessive spending by provincial governments, potentially jeopardizing fiscal targets. The Punjab Chief Secretary is expected to brief the IMF on corrective measures taken to address this issue. Efforts by the Special Investment Facilitation Council (SIFC) to shift responsibilities to provinces have faced obstacles. Despite political complexities, Pakistan faces pressure to ensure equitable resource distribution for sustainable fiscal management. #IMF #Pakistan #NFCaward #FiscalPolicy #ResourceDistribution #Government #Economy #PublicDebt #ProvincialGovernments #PoliticalChallenges #FiscalTargets #SustainableDevelopment #CoalitionGovernment #EconomicReforms #FinancialManagement #ResourceManagement #PublicFinances #BudgetAllocation #IMFProgram #EconomicGrowth #FinancialStability #FiscalImbalance #IMFLoan #PolicyDiscussion #GovernmentPriorities
Negotiations between Pakistan and the International Monetary Fund (IMF) are set to continue today, with discussions focused on securing the next installment of the loan. Sources close to the matter indicate that IMF officials will receive briefings on reforms within the Federal Board of Revenue (FBR), improvements in tax collection, and urgent measures to enhance tax collection for the current fiscal year. In addition, the State Bank officials are expected to outline plans to introduce new plastic currency notes aimed at combating counterfeit currency. These notes, similar to those used in Far Eastern countries and Switzerland, are part of Pakistan's efforts to bolster its currency security. Furthermore, discussions will cover the issuance of country reports as per the United Nations Anti-Corruption Convention. This requirement was stipulated by the IMF, necessitating a report from experts on the effectiveness of anti-corruption institutions, to be prepared by the Ministry of Interior and Ministry of Law. The agenda also includes briefings on enhancing the efficiency of government institutions and advancing privatization initiatives. #PakistanIMFNegotiations #IMFLoan #EconomicTalks #FinancialAssistance #DebtNegotiations #LoanInstallment #EconomicDevelopment #FinancialStability #IMFPakistan #tbt #TheBlueTruth
Recent data from the Pakistan Automotive Manufacturers Association (PAMA) reveals a notable 8% month-on-month decline in car sales, with only 9,709 units sold due to factors like soaring car prices and expensive auto financing. Despite this, there's been a substantial 57% year-on-year increase in auto sales for February 2024. Non-PAMA members also experienced a 7% drop in car sales month-on-month, totaling 10,900 units, while witnessing a 52% surge in sales compared to the previous year. Analysts and automakers predict a sluggish recovery, citing the country's worsening economic conditions and consumer preference for essential items over luxury purchases. Indus Motors, in particular, faced a significant 26% decrease in auto sales during February 2024, reaching only 2,036 units. Despite these challenges, there's cautious optimism for stability in auto sales ahead, attributed to factors like the International Monetary Fund's (IMF) loan and falling interest rates. However, uncertainty looms as author and auto expert Murtaza Mandviwala highlights the difficulty in forecasting amidst the current financial climate. Meanwhile, tractor sales experienced a 12% month-on-month decline but saw a modest 1% increase year-on-year in February 2024, adding to the complexity of Pakistan's automotive market. #PakistanCarSales #AutomotiveIndustry #EconomicChallenges #AutoFinancing #ConsumerPurchasingPower #EconomicRecovery #CarPrices #AutoSales #PAMAData #MarketTrends #FinancialClimate #IndusMotors #TractorSales #EconomicConditions #LuxuryPurchases #EssentialItems #IMFLoan #InterestRates #MarketForecast #BusinessNews #EconomicOutlook #MarketAnalysis #FinancialTrends #PakistanEconomy #ConsumerBehavior #MarketProjections
The IMF has proposed raising the general sales tax (GST) from 0% to 18% on various goods, including petrol, to boost Pakistan's economy. This could generate Rs. 1,300 billion and contribute 1.3% of Pakistan's GDP. However, the IMF has not considered the potential impact on Pakistanis' lives, as the country heavily relies on imported oil. The proposed 18% GST could make petrol even more expensive, making life harder for those already struggling with high prices. The IMF deal aims to improve the economy, but it could also increase taxes and energy costs, making it difficult for Pakistanis to afford necessities and affect jobs and the economy. #MattricsMedia #Mattrics #PakistanEconomy #GSTHike #IMFLoan
IMF team to conduct final review of Pakistan's $3 billion standby arrangement this week. Pakistan aims for successful completion to secure $1.1 billion tranche. Prime Minister directs finance team to pursue Extended Fund Facility. #InsightPakistan #IMFLoan #Pakistan #imf
Pakistan's Finance Minister, Muhammad Aurangzeb, expressed the nation's eagerness to negotiate a bigger and longer Extended Fund Facility (EFF) with the IMF. 🔗Read More by Clicking the Link in Bio #imf #pakistaneconomy #pakistan #financeminister #pakistangovt #shehbazsharif #imfloan #pakistanloan
New Finance Minister Mohammad Aurangzeb confirms talks with the IMF under the $3 billion Stand-By Arrangement will start this week. Islamabad aims to stabilize its economy by seeking IMF assistance. #InsightPakistan #FinanceMinister #IMF #imfloan
