Thursday 17 May 2012
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Pakistan on Friday successfully paid the first instalment of 258.4 million SDRs (dollars 399 million) of Stand-By Arrangement (SBA) to the International Monetary Fund (IMF). Pakistan availed SBA, a long-term soft loan, in November 2008 to avoid any default and as per agreement with the IMF, an instalment was due in February 2012.
The International Monetary Fund on Wednesday approved as expected $451 million in emergency funding for Pakistan to help the country rebuild from devastating floods. The IMF said in a statement the funds will go toward Pakistan’s budget to help with additional spending needs caused by the floods and immediate foreign exchange needs.
WASHINGTON: Following the catastrophic floods in Pakistan, the International Monetary Fund (IMF) said Saturday it would review Pakistan’s budget and economic prospects during talks with senior government officials scheduled to start on Monday.As per details, the Finance Minister Abdul Hafeez Sheikh along with other senior finance officials are travelling to Washington for the talks...
KARACHI : Pakistan has received a fifth tranche, amounting to $1.13 billion, of a $10.66 billion International Monetary Fund (IMF) loan, said Syed Wasimuddin, chief spokesman of State Bank of Pakistan (SBP) on Wednesday.”We received $1.13 billion from the IMF, and this amount will be reflected in foreign exchange reserve data released next week,”...
WASHINGTON : The International Monetary Fund said Friday its executive board has released a loan of 1.13 billion dollars to Pakistan.It was approved after the latest review of Pakistan’s economic performance under an 11.3-billion-dollar stand-by arrangement (SBA) to help the South Asian nation address increased balance of payment needs.