Tag: #IMFLoan
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To solve health issue, universal access to Covid-19 vaccination is critical
ISLAMABAD: Prime Minister Imran Khan said on Thursday that because the Covid-19 pandemic revealed nations’ interdependence, a coordinated response was required to address the disease’s triple challenge, which included vaccine supply, reallocation of IMF quotas by high-income countries, and climate finance adaptation. The prime minister stressed that the “universal and affordable access to Covid-19 vaccine…
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Govt employees to be affected by IMF requirements
Wednesday, July 8th: A new policy is being introduced for all government employees under which the service of an employee up to the age of 60 is being abolished. Little by little, all these old employees will retire from their jobs by giving early pension / graduation and no employee will be given a pensionable…
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Pakistan receives $1 bn from ADB, World Bank
KARACHI: Pakistan has received $1 billion from international financial institutions, which will help offset the damage caused to the economy by the lockdown during the COVID-19. According to the details, the SBP said that Pakistan has received $1 billion from international financial institutions, $500 million from the Asian Development Bank and $500 million from the…
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How beneficial is ‘Loan Relief’ from IMF to Pakistan?
In the current year 2020, Pakistan has got a major facility for repayment of foreign loans and the repayment of loans of 2.41 billion has been rescheduled under the Debt Service Suspension Initiative (DSSI). According to figures released by the World Bank, the country had to pay a total of 8.97 billion in 2020. This…
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IMF consensus over increase in govt salaries
Tuesday, June 9th: In budget talks between Pakistan and the International Monetary Fund (IMF), it was agreed to increase salaries and pensions. Electricity and gas will not be expensive until October 2020. Alternative revenues have been agreed to control the budget deficit. According to sources in the Ministry of Finance, the IMF has agreed to…
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Pakistan formally applies for G-20 debt relief
ISLAMABAD: Pakistan has formally requested members of G-20 nations for debt relief with a commitment of not contracting new non-concessional loans, except those allowed under the International Monetary Fund (IMF) and World Bank guidelines. According to sources, Pakistan has requested for deferment of loan installment in view of Corona’s situation. The government has not mentioned…
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IMF is fully satisfied with Pakistan’s economic direction
The International Monetary Fund (IMF) is reported to have expressed full satisfaction in the deliverables so far achieved by Pakistan. The mission during its visit to Pakistan reviewed the measures taken by the government in the policy, fiscal and current account adjustments. At a briefing session with Prime Minister Imran Khan, it expressed satisfaction and…
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ICCI Claims IMF Loan may be Positive Step Towards Sustainable Development
Islamabad (5th July, 2019): Islamabad Chamber of Commerce and Industry has stated that the $6 billion loan approved by IMF Executive Board for Pakistan proves to be a positive development. According to Baaghi TV’s sources, the Islamabad Chamber of Commerce and Industry (ICCI) claims the IMF loan approved for Pakistan is a positive development for…