The State Bank of Pakistan received a crucial first tranche of $1.02 billion from the IMF as part of a $7 billion Extended Fund Facility to stabilize the economy. This support is necessary for Pakistan, which has agreed to unpopular reforms in exchange for IMF bailouts. The country’s economy has stabilized, but it still relies…
Finance Minister Muhammad Aurangzeb has issued a warning to non-filers about strict restrictions that will limit their ability to conduct various activities. Pakistan has secured a $7 billion loan from the IMF, with the first tranche of $1.1 billion expected by September 30, 2024. The interest rate on the loan is less than 5%, and…
The International Monetary Fund (IMF) approved a $7 billion Extended Fund Facility (EFF) for Pakistan, with the first $1.1 billion likely to be released by September 30, 2024. The interest rate on the loan is less than 5%. Prime Minister Shehbaz Sharif expressed satisfaction over the approval of the loan and thanked IMF Managing Director…