Business
Return application prepared for new IMF loan program
Pakistan's economic team will also discuss to increase financing during the meeting with the World Bank officials, added reports.
Islamabad: The return application for the new loan program from the International Monetary Fund (IMF) has been prepared, reportedly.
According to media reports quoting Finance Ministry sources, Mohammad Aurangzeb will make two requests for new loan program during his meeting with IMF including Extended Fund Facility and Additional Fund for Climate Change.
It is reported that a briefing has been prepared for the IMF officials regarding the measures and allocated budget to deal with climate change. The governor of the State Bank of Pakistan (SBP) and the Secretary of the Ministry of Finance will inform the IMF officials about the economic indicators during the meeting.
Media reports citing Finance Ministry sources said that as a result of positive discussions with Managing Director (MD) IMF, the IMF mission will reach Pakistan next month for negotiations. The mission will work with the economic team to prepare the new loan program and budget for the next fiscal year.
Pakistan's economic team will also discuss to increase financing during the meeting with the World Bank officials, added reports.
-
Business 1 day ago
Huge jump in gold price of Rs3,900 per tola
-
Business 1 day ago
Dollar falls against Pak Rupee in interbank, open market
-
Pakistan 2 days ago
Former Punjab CM Manzoor Wattoo joins PPP with family
-
Regional 1 day ago
Armed groups are likely committing ethnic cleansings and atrocities in Darfur — again
-
Pakistan 2 days ago
JI announces march against govt on May 16
-
Pakistan 1 day ago
Dubai Property Leaks expose Pakistani elite with assets worth $11bn
-
World 21 hours ago
Slovakia PM Fico shot and wounded, TASR agency reports
-
Business 2 days ago
Gold price again declines by Rs1,200 per tola