IMF

International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).

According to the IMF itself, it works to foster global growth and economic stability by providing policy advice and financing the members by working with developing nations helps them achieve macroeconomic stability and reduce poverty. The rationale for this is that private international capital markets function imperfectly and many countries have limited access to financial markets.

Such market imperfections, together with balance-of-payments financing, provide the justification for official financing, without which many countries could only correct large external payment imbalances through measures with adverse economic consequences. The IMF provides alternate sources of financing.

Ishaq Dar reiterates ‘Pakistan will not default’

ISLAMABAD: Finance Minister Ishaq Dar on Wednesday reiterated that ‘Pakistan will absolutely not default’ as… Read More

Meloni urges ‘pragmatic’ IMF approach to Tunisia bailout

HIROSHIMA: Italy's Prime Minister Giorgia Meloni on Saturday said the International Monetary Fund should take… Read More

SBP’s foreign exchange reserves continue to decline

KARACHI: The foreign exchange reserves, held by State Bank of Pakistan (SBP), continued to decline… Read More

IMF approves $3 billion Ghana loan agreement

International Monetary Fund executives approved a loan agreement with Ghana worth around $3 billion Wednesday,… Read More

IMF-Pakistan agreement: What is behind the delay?

Pakistan is facing growing economic difficulties with more pressures exerted on its economic management to… Read More

IMF wants Pakistan to arrange $8bn for successful bailout review

Despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE), the International Monetary… Read More

Miftah Ismail holds govt responsible for ‘delay’ in IMF deal

LONDON: Former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail on Friday held… Read More

‘Pakistan needs additional funding for 9th review meeting’

The International Monetary Fund (IMF) on Friday stated that Pakistan needs additional funding to make… Read More

Ishaq Dar says ‘Pakistan to not make tough decisions on IMF’s demand anymore’

ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that Pakistan will not make tough decisions… Read More

Ishaq Dar says ‘Pakistan will not default with or without IMF’

ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that Pakistan will not default with or… Read More

IMF in talks with Pakistan for 9th review, says spokesperson

The International Monetary Fund (IMF) has confirmed that talks are underway with Pakistan for the… Read More

Pakistan could default without IMF funds, Moody’s warns

Pakistan could default without an International Monetary Fund (IMF) bailout as its financing options beyond… Read More

IMF unwilling to budge

Despite fulfilling a plethora of conditionalities demanded by the IMF, there are no signs of… Read More

IMF to wrap up Pakistan bailout package once ‘financing in place’

ISLAMABAD: The International Monetary Fund (IMF) is working with Pakistan to conclude a ninth review… Read More

IMF asks Pakistan to increase interest rates

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to increase the interest rates to… Read More

IMF to discuss Pakistan’s budget plans as funding lifeline nears

The International Monetary Fund (IMF) is preparing to discuss Pakistan's budget plans for the coming… Read More

IMF to finalise staff level agreement after budget 2023-24: Miftah Ismail

ISLAMABAD: The former finance minister Miftah Ismail said that the IMF will finalize the staff… Read More

IMF conditions likely to be implemented in budget 2023-24

ISLAMABAD: The federal government has started preparations for the budget 2023-24 in which conditions forwarded… Read More

IMF seeks tax imposition on shopkeepers in FY 2023-24 budget

ISLAMABAD: The International Monetary Fund (IMF) has demanded imposition of tax over shopkeepers in the… Read More

US asks Pakistan to implement IMF reforms

WASHINGTON: The United States (US) has asked Pakistan to implement reforms agreed with the International… Read More