Tag Archives: says finance minister

Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s foreign exchange reserves would reach “anywhere between $9 to $10 billion” by the end of June. Addressing the inaugural session of the seventh ‘Leaders in Islamic Business Summit’ in Islamabad, he said the expected position in June would be a “much better position in terms of where we were [in the …

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 organized by the IMF …

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 organized by the IMF …

Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on April 11, and the two sides reached a staff-level agreement regarding the …

KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar on Thursday said that the government was committed to resolving structural issues faced by the economy. Speaking at the roundtable conference on “Journey to an Insured Pakistan”, organised by the Securities and Exchange Commission of Pakistan (SECP), Dr Akhtar highlighted the importance of reducing the fiscal deficit, strengthening forex reserves, and fulfilling the …

Finance Minister Shaukat Tarin on Friday said petrol prices in Pakistan were cheaper than the rest of the region and the world, adding that only 16 countries had lower prices — all of them being oil producers themselves. Addressing a press conference in Islamabad with Minister of State for Information Farrukh Habib, Tarin said: “There are only 16 other countries …

KARACHI: Pakistan is likely to secure a bailout package from the International Monetary Fund (IMF) of between $6 billion and $12bn by the middle of May, Finance Minister Asad Umar has said. In an interview with the Financial Times in Islamabad this week after a meeting with the IMF, he said he hoped an agreement would be reached with the Fund by …