Governor Ahmad revealed that Pakistan is also in the “advanced stages” of securing an additional $2 billion in external financing. This funding is crucial for the approval of the $7 billion International Monetary Fund (IMF) bailout program. Read: https://lnkd.in/e_XDMhkm
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Advisor to Minister ICI&SD Govt. of Punjab | Founder ndestore.com | Chairman at Kent Shore (Pvt) Ltd. | Vice Chairman PASPIDA (Central) | Member AIDEC Rep. PASPIDA
Talks Begin For Another Bailout for #Pakistan A day after the official announcement of the cancellation of the much anticipated Saudi Crown Prince's visit for investment, the International Monetary Fund (IMF) mission is in Pakistan to assess the country's economic situation and discuss a potential $6-8 billion bailout package. The talks are aimed at addressing Pakistan's estimated $9.1 billion external financing gap over the next three years and implementing wide-ranging economic reforms. Concerns have been raised about the political capacity to undertake necessary economic measures, and the IMF's involvement is seen as crucial for other financial institutions to support Pakistan's economic recovery. The IMF mission is expected to last over 10 days, and discussions will focus on the "next phase of engagement" and the possibility of a new Extended Fund Facility.
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#PublicAffairs #Administration #PR #sustainability expert | Crafting Compelling Narratives for #Policy & Change | Former Civil, military service | EX #CocaCola #Monsanto #Engro #Ecolean #Nestle #agribusiness #food #fmcg
How to convince investors to invest in #pakistan 🇵🇰🇵🇰where there is no sanctity of contracts? Where a sovereign guarantee doesn’t mean a lot? Where #supremecourt nullifies billion dollar contracts? Where political instability causes policies to change overnight? The answer is investor will seek high risk premiums to accept the uncertainty of future. This is why nobody will invest in Pakistan. Those who do will ask for pound of flesh. سمجھ آئی؟؟؟
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𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐰𝐨𝐫𝐭𝐡 𝐒𝐃𝐑 𝟐.𝟖𝟏𝟓𝐛𝐧 𝐩𝐚𝐢𝐝 𝐭𝐨 𝐈𝐌𝐅 𝐬𝐢𝐧𝐜𝐞 𝟏𝟗𝟖𝟒 #Pakistan has paid interest amounting #SDR 2.815 billion to International Monetary Fund (IMF) since 1984. This was revealed before the Senate Standing Committee on Economic Affairs which was further informed Pakistan has drawn an amount of SDR 21.789 billion against the sanctioned amount of SDR 29.673 billion since 1958 from the #IMF.
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Watch live today at 12.30 pm ET to explore Somalia's remarkable fiscal journey to debt relief—from establishing the basics of manual transactions to building comprehensive legal and institutional frameworks and the ongoing shift towards digital transformation https://lnkd.in/eU38Wr9R International Monetary Fund Ministry of Finance Somalia
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https://lnkd.in/dPZkVWUz There is a lot going on in Niger since the overthrow of Mohamed Bazoum in July 2023. The military junta that currently rules the Sahelian country has first made headlines by withdrawing from ECOWAS, and creating a political alliance with the other two military-ruled Sahelian countries, Mali and Burkina Faso. It was argued that such a political alliance was a risky bet for Niger knowing that it lacks the resources to sustain itself. In addition to this risky political move that would likely yield deleterious socioeconomic results, the country recently missed another debt payment, bringing their total default to nearly $520 million since the July 2023 coup. The default will lead to the government resorting to printing money to cover its financial gaps, leading to inflation and eroding the purchasing power of citizens. The default could damage Niger's international reputation and limit its ability to secure international cooperation and assistance. Link in bio to read the full article and subscribe to have access to unlimited daily articles. #financialmarkets #business #politics #economics #thelakestreetreview #Americannews #Africannews #americanmarkets #africanmarkets #mediacompany #newscompany #LSR
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Seasoned Tax Consultant & Advisor | Published Author of Fiscal Faultlines: Pakistan's Inflation Crisis and Tax Inequity | Multi-Platform Content Creator | Over 30 Years of Expertise
Exciting news for Pakistan's financial sector! 🇵🇰💰 The Finance Ministry has announced that Pakistan is seeking a $1 billion commercial loan from a foreign bank. This move, led by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, demonstrates the country's commitment to strengthening its financial position. Stay tuned for updates on this development! #PakistanFinance #IMFLoan #CommercialLoan #FinanceMinistry #EconomyGrowth 🌐📈
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The International Monetary Fund has conditioned Pakistan's new bailout on abolishing the Pakistan Sovereign Wealth Fund (#PSWF), which was established to enhance transparency in state-owned enterprises. Government sources report that the #IMF is demanding the repeal of the #PSWF Act 2023, under which profitable state entities were transferred to the Fund. Discussions between #IMF Mission Chief Nathan Porter and Pakistani finance officials have been inconclusive, with the #IMF setting a September 30th deadline. Pakistani #authorities are currently deliberating on the demand to ensure accountability in managing these enterprises. #latestPakistan #IMF #Pakistan #Bailout #SovereignWealthFund #PSWF #Finance #Economy
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Pakistan is grappling with a staggering external debt of $130.1 billion, presenting a formidable financial challenge. To read more about Pakistans economic condition, visit: https://lnkd.in/dwv6r9Wf #PakistanDebt #FinancialChallenge #EconomicBurden #DebtCrisis #NationalFinance #Struggle #Pakistan #DebtManagement #EconomicStability #FinancialFreedom
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The IMF announced a Staff-Level Agreement with Pakistan for the final review of a $3 billion bailout, with $1.1 billion pending approval. The agreement acknowledges recent program implementation efforts and signals a shift towards sustainable recovery. Pakistan aims for ongoing policy reforms and seeks a long-term bailout. #InsightPakistan #IMFLoan #bailout #Pakistan
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Senior International Expert in Sustainable Development♡Gender Policy♡Blended Finance♡Climate Finance♡Carbon Finance♡Green_Growth_Strategy♡UN_Global Compact Expert_Advisor♡Membership NO_1972 OMEI_GENEVA_SWITZERLAND.
Great investment African Development Bank Group.. However, to enable Benin to take advantage of the #global #financial #architecture to accelerate its structural transformation, International financial institutions should strengthen their role as #advisors and #providers of guarantee instruments to mobilize #innovative #financial vehicles for #sustainable #finance such as green, blue, and social bonds. Public authorities should pursue structural reforms such as macroeconomic stability, debt management, tax revenue mobilization, which are critical to fostering #sustainable #access to capital markets. ■Structural transformation remains slow due to the low productivity of production factors and the mismatch between skills and jobs.
The latest loan of $60 million from the African Development Fund to the Republic of #Benin is expected to support the implementation of the country’s Economic Governance and Private Sector Development Support Programme. Specifically, the loan will help the country to: - Reduce the time the government takes to settle debts to micro and medium-sized enterprises (MSMEs) from 200 days to 60 days. - Increase private sector investment to 30.2 per cent of GDP - Support the agri-food sector and strengthen climate action “The Bank… stands by Benin in continuing to support the remarkable financial innovations that have enabled the Beninese government to raise substantial resources on all financial markets,” said Robert Masumbuko, the Bank's Country Manager for Benin. Learn more: https://bit.ly/4fx88mC
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