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IMF team to visit Pakistan on Nov 7:  Asad Umar

Lahore : Minister for Finance Asad Umar on Saturday said a delegation of the International Monetary Fund (IMF) would visit Pakistan on November 7 to finalize terms and conditions for a bailout programme. Talking to media persons here, the minister said the government’s decision to approach the IMF for the bailout ... Read More »

IMF monitoring will boost the confidence of investors

Lahore : The United Business Group lauded the government for the successful auction of bonds worth 2.5 billion dollars without being under IMF programme. The successful move speaks volumes about the increasing confidence of the foreign investors in the Pakistani economy, it said. The decision of the government to allow ... Read More »

Power supply improved and reduction in losses in Pakistan :International Monetary Fund

Lahore : The International Monetary Fund (IMF) in its report on Pakistan economy endorsed Ministry of Water and Power efforts in improving electricity supply, reducing outages, decrease in line losses and containment of circular debt by efficient payments backed by improved recoveries. According to IMF report “concerted efforts to further strengthen DISCOs’ performance have continued ... Read More »

IMF ask Pakistan to cut developmental budget by Rs360 billion

Lahore: IMF has asked Pakistan to cut developmental spending by Rs360 billion that would be against the interest of country. A cut of 24 percent will hurt social sector, trigger restlessness and poverty .the business community has demanded to rejection of  IMF’s proposal and asked the government to adopt other ways ... Read More »

Aleem Khan greets govt on receiving 50 crore dollar loan from IMF

Lahore: Central Leader of Tehrik-e-Insaaf Abdul Aleem Khan has strongly criticized on the Government for taking next installment of 50 crore dollar from IMF and said that those who were claiming to broke ‘ kashkole ‘ have now become international beggar and made Pakistan total dependant on outside aid which ... Read More »

Chines &IMF delegations call on Punjab Chief Minister Muhammad Shahbaz Sharif

Lahore: A delegation of IMF called on Punjab Chief Minister Muhammad Shahbaz Sharif, here today. Steps for enhancing resources for public welfare and reforms in tax system were discussed during the meeting. Speaking on the occasion, Shahbaz Sharif said that providing relief and improving living standard of common man is ... Read More »

Country being destabilised to please IMF

Lahore: The Pakistan Economy Watch (PEW)  criticised the upward revision of the power tariff saying that it would paralyse the masses and the struggling economy. The government says that it cannot break promise with international monetary institutions but finds it very convenient to break all the poll promises, said Dr. ... Read More »

SoS call to IMF inevitable: IWCCI

Islamabad: The Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Monday said Pakistan will have to go to International Monetary Fund (IMF) for another unpopular agreement to avert an economic meltdown. A trust deficit will not allow government to use other options successfully as many friendly countries doubt our ... Read More »

Pakistan’s foreign currency reserves could fall to $7.5 billion:IMF

Islamabad: The International Monetary Fund (IMF) has projected that Pakistan’s foreign currency reserves held by the central bank could fall to $7.5 billion by the end of FY13, sources said. The IMF is going to unveil its report under the Post Program Monitoring (PPM) publicly after getting approval from its ... Read More »

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