Ishaq Dar reiterates ‘Pakistan will not default’
ISLAMABAD: Finance Minister Ishaq Dar on Wednesday reiterated that ‘Pakistan will absolutely not default’ as… Read More
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.
ISLAMABAD: Finance Minister Ishaq Dar on Wednesday reiterated that ‘Pakistan will absolutely not default’ as… Read More
HIROSHIMA: Italy's Prime Minister Giorgia Meloni on Saturday said the International Monetary Fund should take… Read More
KARACHI: The foreign exchange reserves, held by State Bank of Pakistan (SBP), continued to decline… Read More
International Monetary Fund executives approved a loan agreement with Ghana worth around $3 billion Wednesday,… Read More
Pakistan is facing growing economic difficulties with more pressures exerted on its economic management to… Read More
Despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE), the International Monetary… Read More
LONDON: Former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail on Friday held… Read More
The International Monetary Fund (IMF) on Friday stated that Pakistan needs additional funding to make… Read More
ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that Pakistan will not make tough decisions… Read More
ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that Pakistan will not default with or… Read More
The International Monetary Fund (IMF) has confirmed that talks are underway with Pakistan for the… Read More
Pakistan could default without an International Monetary Fund (IMF) bailout as its financing options beyond… Read More
Despite fulfilling a plethora of conditionalities demanded by the IMF, there are no signs of… Read More
ISLAMABAD: The International Monetary Fund (IMF) is working with Pakistan to conclude a ninth review… Read More
ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to increase the interest rates to… Read More
The International Monetary Fund (IMF) is preparing to discuss Pakistan's budget plans for the coming… Read More
ISLAMABAD: The former finance minister Miftah Ismail said that the IMF will finalize the staff… Read More
ISLAMABAD: The federal government has started preparations for the budget 2023-24 in which conditions forwarded… Read More
ISLAMABAD: The International Monetary Fund (IMF) has demanded imposition of tax over shopkeepers in the… Read More
WASHINGTON: The United States (US) has asked Pakistan to implement reforms agreed with the International… Read More