PSX hits fresh peak on IMF deal | The Express Tribune

Pakistan Stock Exchange (PSX) skyrocketed to an all-time high on Monday in a robust rally driven primarily by Pakistan’s agreement with the International Monetary Fund (IMF) on a $7 billion Extended Fund Facility (EFF) at the weekend as well as the ongoing earnings season. The day commenced with a spike in the KSE-100 index, which […]

IMF deal boosts PSX to historic peak

Stock brokers watch share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — Online KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Monday after the market gained new heights by gaining more than 1,000 points due to the new $7 billion […]

$7 billion IMF deal laced with harsh strings | The Express Tribune

ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters. The global lender announced the over three-year 24th programme deal only after Pakistan […]

IMF deal boosts capital markets | The Express Tribune

KARACHI: Pakistan’s capital markets are poised to celebrate an unexpected early win with the staff-level agreement on a $7 billion extended fund facility (EFF) with the International Monetary Fund (IMF). This 37-month agreement is expected to propel the stock market beyond the recent record high of over 81,000 points on Monday, while the rupee is […]

Pakistan to achieve macroeconomic stability with IMF deal: Aurangzeb

Finance Minister Muhammad Aurangzeb speaks during an interview with AFP at the Embassy of Pakistan in Washington, DC on April 15. — AFP ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that Pakistan will achieve macroeconomic stability with the help of a newly signed agreement with the International Monetary Fund (IMF). The minister’s remarks come […]

Pakistan secures $7 billion EFF deal | The Express Tribune

ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters.  The global lender announced the three-year 24th programme deal only after Pakistan agreed […]

Pakistan, IMF reach SLA on new $7bn loan deal

The International Monetary Fund’s (IMF) logo. — AFP/File WASHINGTON: In a major development, Pakistan and the International Monetary Fund (IMF) reached a three-year, $7 billion aid package deal, giving much-needed respite to the cash-strapped country, the Washington-based institution said on Friday.  The new program, which needs to be validated by the fund’s Executive Board, should […]

Finance czar hopeful of reaching deal with IMF this month

Pakistani Finance Minister Muhammad Aurangzaib poses after taking oath in Islamabad, Pakistan March 11, 2024. — Reuters ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday said Pakistan would reach a reach a staff-level-agreement with the International Monetary Fund (IMF) this month as the talks between Islamabad and the global lender on the new bailout programme progressed […]

New IMF deal on cards as Pakistan ‘fulfils all requirements’

This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP KARACHI: The Pakistan Muslim League-Nawaz (PML-N)-led coalition government hopes to secure an International Monetary Fund (IMF) bailout of more than $6 billion “in the next three to four weeks,” after fulfilling the lender’s […]

‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved

Finance Minister Muhammad Aurangzeb addressing the press conference in Islamabad, on June 30, 2024. — Screengrab/GeoNews Finance Minister Muhammad Aurangzeb Sunday expressed optimism about Pakistan’s chances of securing a new IMF bailout, following President Asif Ali Zardari’s approval of the tax-intensive budget for the upcoming fiscal year starting July 1. The finance minister, during a […]

Open chat
1
Need Help?
Hello, Can we help you?