Pakistan faces default risks sans IMF deal: Fitch

Board outside International Monetary Fund (IMF). —AFP Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations, Fitch Ratings has highlighted the default risks that Pakistan faces if it fails to secure the next bailout package by the International Monetary Fund (IMF). The global rating agency said on Monday that a […]

Fitch warns uncertain political situation threat to IMF deal | The Express Tribune

The closely contested outcome of Pakistan’s recent election and the ensuing political ambiguity may pose challenges to the nation’s efforts to secure a financing agreement with the International Monetary Fund (IMF), replacing the expiring Stand-By Arrangement (SBA) in March 2024, according to Fitch Ratings. Fitch warned on Monday that the uncertain political landscape in Pakistan […]

IMF loan uncertainty very high | The Express Tribune

KARACHI: Moody’s Investors Service has given a “credit negative” signal to Pakistan in the face of prolonged political ambiguity and social tensions over election results, which will make it tough to approach the IMF for a new programme, weaken external economy and make liquidity management more challenging. In its report titled “Political uncertainty persists in […]

IMF urges BOJ to consider ending yield curve control | The Express Tribune

PHOTO: FILE TOKYO: The Bank of Japan (BOJ) should consider ending its yield curve control and massive asset purchases now, then gradually raise short-term interest rates, the International Monetary Fund (IMF) said on Friday, as markets ramp up bets on a near-term turn in the central bank’s ultra-easy policy. As Japan’s economy continues to recover, […]

Businesses see IMF, SIFC holding key to better future | The Express Tribune

KARACHI: Pakistan’s progress has long been hindered by political uncertainty, leaving the nation at a critical juncture. However, the upcoming general elections have reignited hope within the business community, anticipating an end to uncertainty and a path towards economic revitalization, regardless of the party or parties that form the post-February 8 government. Yet, they caution […]

IMF says global ‘soft landing’ in sight | The Express Tribune

WASHINGTON/JOHANNESBURG: The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the US and China – the world’s two largest economies – and citing faster-than-expected easing of inflation. The IMF’s Chief Economist, Pierre-Olivier Gourinchas said, “The global economy continues to display remarkable resilience, with inflation […]

IMF warns of risks to economy despite stabilisation | The Express Tribune

ISLAMABAD: The International Monetary Fund said on Saturday that Pakistan’s economy has stabilised but warned that serious risks have emerged to Islamabad’s debt sustainability and its ability to pay back the IMF loans. The caretaker government has managed to maintain economic stability on the back of decisive policy efforts, acknowledged the IMF in its staff […]

IMF releases $700m loan tranche for Pakistan

The seal for the International Monetary Fund is seen in Washington, US, on January 10, 2022. — AFP In a significant development for Pakistan’s struggling economy, the International Monetary Fund (IMF) has disbursed $700 million as part of the previously agreed upon bailout programme, State Bank of Pakistan (SBP) Governor Jameel Ahmed confirmed Wednesday. The […]

Pakistan receives $700m tranche from IMF | The Express Tribune

Pakistan on Thursday received $700 million from the International Monetary Fund (IMF) as part of its bailout programme, the State Bank of Pakistan (SBP) confirmed in a statement. According to SBP, it received Special Drawing Rights (SDR) 528 million —equivalent to $705.6 million in value —from the IMF following the successful completion of the first […]

Economic activity picking-up, external pressures easing: IMF

The IMF’s logo is seen at its headquarters in this photograph. — AFP/File International Monetary Fund’s (IMF) Deputy Managing Director Antoinette Sayeh Friday observed Pakistan’s economy is showing “tentative signs of activity picking-up and external pressures easing”, as the Executive Board approved the release of the second tranche under the Stand-By Arrangement (SBA). The IMF official […]

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