Govt briefs Citibank on initiated talks with IMF for expanded program

MG News | April 19, 2024 at 09:27 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 19, 2024 (MLN): The government on Thursday informed Citibank officials that discussions with the International Monetary Fund (IMF) have been initiated for a larger and extended program.

According to a press statement released yesterday, Federal Minister for Finance and Revenue, Muhammad Aurangzeb shared this development with the officials.

During the meeting, the finance minister briefed them on the positive economic indicators including the rising stock market, renewed interest of foreign buyers and institutional flows on the back of a Stand-by Arrangement (SBA) signed with IMF.

He further informed that Pakistan had successfully repaid $1 billion Pakistan’s International Bond on time (April 12, 2024).

He highlighted priority areas of taxation, energy sector overhaul and state-owned enterprise reforms for discussion and evaluation.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,431.96 13.13M	0.84% 1509.20
ALLSHR	108,696.69 73.33M	0.78% 846.42
KSE30	53,743.51 8.62M	0.82% 434.55
KMI30	257,287.54 7.86M	0.82% 2094.37
KMIALLSHR	70,492.50 29.25M	0.77% 536.69
BKTi	49,186.71 1.58M	0.71% 346.78
OGTi	36,733.44 0.69M	0.78% 283.40

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,880.00	64,825.00 62,315.00	935.00 1.49%
BRENT CRUDE	79.30	82.30 78.69	-1.27 -1.58%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	-0.65 -0.52%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	75.60	78.14 74.98	-0.25 -0.33%
SUGAR #11 WORLD	14.14	0.00 0.00	0.01 0.07%