PM returns to country after Saudi, UAE visit
ISLAMABAD: Prime Minister (PM) Imran Khan arrived back in Pakistan on Thursday after his visit to Saudi Arabia and United Arab Emirates (UAE). This was PM Imran’s first official visit to UAE…
Pakistan wishes to improve relations with US, Senate told
–Qureshi says US State Dept’s handout on Pompei phone call was contrary to facts –Asad Umar says no decision yet on approaching IMF for financial bailout ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on…
Rabbani submits resolution for placement of financial agreements in parliament
Pakistan People’s Party (PPP) leader Raza Rabbani put forward a resolution before the Senate Secretariat demanding that details of financial agreements signed with the International Monetary Fund (IMP) and on the China…
US senators ‘concerned’ over Pak’s potential bailout requests to IMF
As many as sixteen US senators have expressed concern over possible International Monetary Fund (IMF) loans to countries who have accepted “predatory Chinese infrastructure financing”, a private media outlet reported on Saturday.…
Asad Umar asks US to focus on paying off own debt to China
–Probable finance minister says Pakistan will approach IMF or friendly countries, or sell bonds to expats to raise $10-12bn within next six weeks Pakistan Tehreek-e-Insaf (PTI) MNA-elect and probable finance minister Asad…
Pakistan to decide on financial bailout in six weeks: Asad Umar
ISLAMABAD: With Pakistan facing a serious financial crisis, Asad Umar, the Pakistan Tehreek-e-Insaf (PTI) leader likely to be the next finance minister, has estimated that the economy may need more than $12…
‘Totally wrong’ to link IMF bailout with CPEC, Pakistan tells US
–Finance Ministry says Pakistan committed to ‘undertaking and completing CPEC projects in totality’ –Ex-FM Miftah Ismail says loans from China to be repaid in 30 years with first five years as grace period;…
US dashes PTI’s hope of IMF bailout
Pompeo says ‘no rationale for IMF tax dollars to go to bail out Chinese bondholders or China itself’ China hopes ‘IMF will handle funding for Pakistan properly’ WASHINGTON/LAHORE: United States (US) Secretary…
EU has ‘card to play’ in trade war: IMF
BRUSSELS: The European Union has “a card to play” if it offers a united front in its response to the trade war pitting the United States against China, International Monetary Fund director…
Pakistan asks US to provide $2 billion under committed Kerry-Lugar fund
ISLAMABAD: Pakistan has asked the United States (US) to provide USD 2 billion committed money under the Kerry-Lugar Bill (KLB) aid programme, sources privy to the development said on Thursday. Sources told…
With IMF nod, industry body IFSB to tighten Islamic finance guidance
WASHINGTON: The Islamic Financial Services Board (IFSB) will expand its guidance for national regulators after the International Monetary Fund (IMF) adopted its standard for Islamic banking, hastening efforts to harmonise business practices.…
IMF to add Islamic finance to market surveillance in 2019
WASHINGTON: The International Monetary Fund will incorporate Islamic finance into its financial sector assessments of select countries starting next year, aiming to improve regulation in the growing sector. The IMF has traditionally…
IMF chief optimistic on growth, but warns against trade protectionism
HONG KONG: The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and rising interest rates, the fund’s…
Meddling of international institutions in financial affairs of Pakistan worrisome: Rabbani
Senate chairman shuns bureaucracy for ‘ridiculous’ interpretation of NFC ISLAMABAD: Senate Chairman Mian Raza Rabbani has said that interference in the internal affairs of Pakistan on the part of International Monetary Fund…
IMF chief urges Arab states to slash spending
IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab…
IMF’s outgoing rep calls on Arif Nizami at PT office
LAHORE: Pakistan IMF outgoing Resident Representative (RR) Tokhir Mirzoev called on Pakistan Today Editor Mr Arif Nizami at his office on Tuesday. Mr Mirzoev was accompanied by his successor Ms Teresa Daban Sanchez who…
Dar not to attend Pak-Russia Inter-Governmental Commission meeting
Defence Minister Khurram Dastagir to represent Pakistan in the meeting instead of finance minister ISLAMABAD: After skipping the International Monetary Fund (IMF) and World Bank annual meetings due to graft case in…