‘Significant progress’ achieved in Pakistan loan talks: IMF

The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File In its talks held between May 13 to 23 with the Pakistan, the International Monetary Fund (IMF) Thursday said “significant progress” has been achieved with regards to reaching a staff-level agreement for an extended fund facility. Led by IMF’s Mission Chief to Pakistan, Nathan […]

IMF mission chief to lead bailout talks with Pakistan next week

IMF’s Resident Representative for Pakistan Esther Perez Ruiz. — Reporter ISLAMABAD: A senior official of the International Monetary Fund’s (IMF) Sunday confirmed that a team of the Washington-based lender will reach Pakistan next week to hold talks with Islamabad over bailout package. As per IMF’s Resident Representative for Pakistan Esther Perez Ruiz, a team led by Fund’s […]

PSO ‘in talks’ with govt to acquire stakes in public sector energy companies

A man drinks water from a cooler at a Pakistan State Oil petrol station in Peshawar, on October 2, 2017. —Reuters KARACHI: The Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt […]

FinMin Aurangzeb fills in PM Shehbaz on state of economy ahead of IMF talks

Finance Minister Muhammad Aurangzeb (left) meets Prime Minister Shehbaz Sharif on April 12, 2024. — APP  Finance Minister Muhammad Aurangzeb on Friday met Prime Minister Shehbaz Sharif and briefed him about his scheduled meetings with the officials of the International Monetary Fund (IMF), World Bank (WB), and other institutions during his upcoming visit to the […]

Pakistan in talks with IMF for potential follow-up bailout package, says Georgieva

IMF Managing Director Kristalina Georgieva speaking at the International Monetary Fund headquarters on October 8, 2019, in Washington, DC. — AFP International Monetary Fund (IMF) chief Kristalina Georgieva has confirmed that Pakistan is seeking a potential fresh bailout package following the completion of the $3 billion Stand-By Arrangement (SBA) that is set to expire on […]

Islamabad, Kabul to kick off trade talks today

Goods carrier trucks cross into Pakistan at the zero point Torkham border crossing between Afghanistan and Pakistan. — AFP/File ISLAMABAD: A senior Pakistani official will undertake a two-day official visit to Afghanistan on Monday (today) to discuss matters related to bilateral trade, Foreign Office Spokesperson Mumtaz Zehra Baloch said in a statement on Sunday. “Secretary […]

Aurangzeb ‘better choice’ to manage Pakistan’s economy ahead of IMF talks: analysts

Muhammad Aurangzeb officially takes over the responsibility as Finance Minister of Pakistan in Islamabad, on March 11, 2024. — Ministry of Finance Analysts termed former JPMorgan banker Muhammad Aurangzeb as a “better choice” to manage the country’s economy ahead of the crucial negotiations with the International Monetary Fund (IMF) for a fresh bailout package this […]

PIA debt restructuring talks begin | The Express Tribune

ISLAMABAD: In a significant development, the government and representatives of commercial banks have initiated discussions to prepare a plan for the debt restructuring of Pakistan International Airlines (PIA) with the aim of keeping the struggling airline operational for another six months with a limited number of flights. The 12-member committee consists of an equal number […]

Petroleum dealers, govt agree on margins after marathon talks | The Express Tribune

KARACHI: After an intensive 7-hour negotiation session at PSO House in Karachi on Monday evening, the second round of talks between the Pakistan Petroleum Dealers Association and the government regarding margins on petroleum products has reached a successful conclusion. Sources close to the matter revealed that following mutual consent, the agreement has been officially documented. […]

Govt, IMF to begin budget talks next week | The Express Tribune

ISLAMABAD: The federal government’s economic team and the International Monetary Fund (IMF) will begin consultations over the budget for the next fiscal year 2023-24 from next week during which the global lender will be taken into confidence that it will be in accordance with the terms agreed with it. Sources said the Federal Board of […]

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