Tag: Imf

ISLAMABAD: A formal request seeking a three-month extension in the ongoing $11.3 billion stand-by arrangement programme will be soon made to the International Monetary Fund (IMF), an official source informed Pakistan Today on Friday.
The source said there was no chance that the government would abandon the standby arrangement programme and would endeavour to complete it as agreed with the IMF. The three-month extension was already inbuilt in the exiting programme and its approval

KARACHI: Pakistan's slow implementation of key reforms may again delay the release of the sixth tranche of an $11 billion International Monetary Fund loan, a source involved with the IMF talks said on Wednesday.
An IMF mission came to Pakistan last month to review the country's performance and was due to present the country's case to its board in mid-December. Pakistan was hoping to secure the sixth tranche then. The seven-tranche programme has kept Pakistan's economy afloat

KARACHI: Pakistan has not managed to seal a substantial amount of support from donor agencies or bilateral sources in the two-day Pakistan Development Forum held from November 14 to 15.
The IMF insisted on structural reforms highlighting the reformed General Sales Tax (GST) and electricity as priority areas. Even the long-standing bilateral partners have seconded IMF's opinion of taxing the rich and the untapped segments of the economy.
The event managed to secure $500

ISLAMABAD: The International Monetary Fund (IMF) team on Wednesday linked the release of next tranche of $1.7 billion with the presentation of draft legislation on the reformed general sales tax (RGST) in the national and provincial assembles prior to the next IMF board meeting.
Annoyed with the non-implementation of the reforms in the power sector and the reformed GST, the International Monetary Fund (IMF) has stressed upon the government to give a clear implementation plan on

KARACHI: The International Monetary Fund (IMF) has expressed concern over slow implementation in Pakistan of energy sector reforms and a revised general sales tax, officials said on Tuesday.
Pakistani and IMF officials are meeting to discuss the release of the sixth tranche of an $11 billion emergency loan agreed in November, 2008, which has kept the economy afloat. "Though things are not very good, it is still too early to say whether the sixth tranche is in danger," said a

ISLAMABAD: The International Monetary Fund (IMF) review team began to take stock of the current financial situation of Pakistan with a briefing conducted by officials of the Ministry of Finance and Federal Board of Revenue (FBR) on the fiscal scenario and revenue collection during the first quarter of the current financial year here on Wednesday. Official sources revealed that the IMF team was giving two briefings.
The first focused primarily on the fiscal operations conducted by

KARACHI
A meeting between officials from Pakistan and the International Monetary Fund (IMF) is to be held on Wednesday (today) in Islamabad to discuss the country's performance for the release of the sixth tranche worth $11 billion.
According to official sources, discussions regarding policy making would take place on November 1 and November 2. The review for release of the sixth tranche had been delayed since August due to issues including an increase in power tariffs and

GYEONGJU
The G20 finance ministers are likely to reach an outline agreement on reformation of the International Monetary Fund (IMF) at their meeting ending on Saturday, a reliable source said.
"We are extremely optimistic about the IMF reform as everyone has shown goodwill," the source told AFP. Ministers from a group of 20 leading economies are preparing for a summit to be held in Seoul next month.
The summit would discuss IMF reforms and address the issue of providing