Tag: Imf

Strauss-Kahn submits resignation, insists innocence

The International Monetary Fund (IMF) said in a statement that its managing director Dominique Strauss-Kahn has resigned. Strauss-Kahn denied the charges in his letter of...

IMF talks fail to inspire bourse

The embattled market facing an anticipated tight monetary policy, heightened government borrowing and increasing inflationary pressures saw even domestic participants reduce holdings, mainly in...

Jailed IMF chief under pressure to quit

Dominique Strauss-Kahn faced growing pressure to quit as head of the IMF on Wednesday after his arrest and detention in a New York jail...

IMF hands mere assurances, no funds

The International Monetary Fund (IMF) would not release the remaining two tranches of $3.5 billion under the 2008 $11.3 billion Stand-By Arrangement (SBA) during...

IMF chief, denied bail, prompts shock in France

Dominique Strauss-Kahn spent a third night in a New York jail, prompting expressions of shock among some in France that the IMF chief had...

Pakistan’s loan talks with IMF running smoothly

Pakistan’s talks with the International Monetary Fund over the release of a tranche in an $11 billion loan are going smoothly and have been...

IMF chief vows to fight sex assault charges

IMF chief Dominique Strauss-Kahn was to face charges in a New York court on Monday of trying to rape a hotel chambermaid as lawyers...

IMF boss faces sex charge

International Monetary Fund (IMF) chief Dominique Strauss-Kahn was arrested and charged on Sunday with sexually assaulting a New York hotel maid, in a...

IMF chief arrested, charged with sexual attack in New York hotel

IMF chief and possible French presidential contender Dominique Strauss-Kahn was arrested and charged with an alleged sexual assault, including an attempted rape, on a...

IMF talks begin amidst demands for reforms

Pakistan on Wednesday began talks with the International Monetary Fund - meetings moved to Dubai after Osama bin Laden’s death - aimed at getting...

IMF hails India rate rise

The International Monetary Fund has hailed moves by India's central bank to hike interest rates in an attempt to curb the rising cost of...

Pakistan hopeful of reviving suspended IMF programme

Pakistan is hopeful to resuscitate the suspended $11.3 billion standby arrangement programme with the International Monetary Fund (IMF) during the upcoming talks in Dubai...

US, IMF firm on economic reform in Pakistan

LAHORE/ISLAMABAD - The International Monetary Fund (IMF) asked Pakistan once again on Tuesday to move forward on the Reformed General Sales Tax (RGST) and demanded full implementation of all conditions related to the current standby programme before a new one could be worked out, as the US also pressed for the implementation of major structural reforms, without which it said the country would not attain economic stability despite support from Washington and international financial

IMF stance troubles investors

KARACHI - Negative signals on the part of IMF added to the nervousness of investors compounding anxiety of various economic and financial issues particularly due to various taxation measures being weighed for likely implementation in the upcoming federal budget. Dampened morale was evident in today's trading after foreign investors offloaded investment amounting to $4.4 million in yesterday's session. Locals are wary of the economic outlook and remained cautious as volume shrunk to a

First round of talks with IMF concludes

WASHINGTON - The first round of talks between Pakistan and the International Monetary Fund (IMF) over the release of the next instalment of monetary aid had come to a close, a private TV channel reported on Sunday.
According to the TV channel's sources, the Pakistani delegation, headed by Finance Minister Abdul Hafeez Sheikh discussed the release of the next tranche with the IMF. During the first round of talks, Pakistan had faced difficult questions because of a bad economic

Finance minister to meet WB, IMF officials

WASHINGTON - Finance Minister Dr Abdul Hafeez Sheikh is expected to highlight Pakistan's progress towards economic reforms, export trajectory, growth prospects and the importance of international partnership in the country's development in a series of talks at annual World Bank (WB) and International Monetary Fund (IMF) meetings.
The finance minister will lead a team of Pakistan's top economic managers at spring meetings that bring together leaders of the world finance and heads