Posts Tagged IMF

National forex reserves rise to $11.64b

Posted on June 19, 2009

KARACHI: National exchange reserves mounted to $11.64 billion, State Bank of Pakistan said Thursday. According to SBP spokesman, the national forex reserves bulged by $128.3 million and forex reserves with the central bank stand at $8.30 billion. The central bank spokesman said the bank achieved its target of deal with International Monetary Fund, under which [...]

Pak Budget deficit to be 4.6pc: IMF

Posted on May 28, 2009

ISLAMABAD: International Monetary Fund (IMF) Thursday said that the unemployment rate is likely to increase in Pakistan, as the direct investment in the country and foreign remittances have gone down. Talking to media, IMF Country Director said the third installment of loan will be issued to Pakistan in July; whereas, Pakistan wants more loans in [...]

Pak: Rs2740 billion next fiscal year budget expected

Posted on May 18, 2009

ISLAMABAD: The national budget for the fiscal year 2009-10 is expected to amount to Rs2740 billion, higher by Rs211 billion as compared to the current fiscal year. Finance ministry sources told that following February 2009 talks held with the IMF, it was being expected that the amount of Budget- 2009-10 expected to be higher by [...]

State bank of Pakistan, Trade deficit expected to rise

Posted on May 8, 2009

KARACHI: Pakistan’s trade deficit is likely to mount in the current fiscal as country’s export target is not going to be met this year. This was highlighted in the Economic Update issued by the State Bank of Pakistan. It said achieving the tax revenue target will be difficult and it appears that the target will [...]

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