The spring meetings of the International Monetary Fund and the World Bank are due to open on Tuesday, with two clear objectives: help countries combat climate change and assist the most indebted nations. The meetings — which will bring central bankers, finance and development ministers, academics, and representatives from the private sector and civil society together to discuss the state of the
Despite mounting optimism for increased inflows and a new IMF bailout package, the US dollar strengthened in the inter-bank market while the State Bank’s reserves saw a slight decline. A financial team led by Finance Minister Muhammad Aurangzeb is currently in Washington seeking another loan package from the International Monetary Fund. Despite the minister’s hopeful outlook before departing
Finance Minister Muhammad Aurangzeb said on Monday that Pakistan doesn’t need too many policy prescriptions, it just needs to implement those policies. Speaking at the Atlantic Council think tank on his first working day in Washington, the minister also urged institutions such as the World Bank and International Monetary Fund (IMF) to help countries like Pakistan deal with the effects of climat
Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform programme, Finance Minister Muhammad Aurangzeb has said, adding that the country will at least be requesting for a three-year programme. During his visit to Washington, Finance Minister Muhammad Aurangzeb will attend the spring meetings orga
After a long Eid break, the stock market extended its record-breaking spree to a fifth session on the prevailing bullish sentiments stemming from Saudi investment prospects, propelling the benchmark KSE 100 index to close at a new all-time high above 70,500 on Monday. Ahsan Mehanti of Arif Habib Corporation attributed the market’s rally to speculations over the positive outcome of the visit by