IMF board to meet on January 11 to discuss Pakistan’s loan program

MG News | December 08, 2023 at 09:53 AM GMT+05:00

0:00

December 08, 2023 (MLN): The International Monetary Fund’s executive board will meet on January 11, 2024 to consider final approval to disburse the next $700 million tranche from its current loan program, according to a spokeswoman, as reported by Bloomberg.

Last month, Pakistan secured initial approval from the IMF for the release of the next loan tranche under the current $3 billion loan program, and the board typically approves such deals, Bloomberg added.

The South Asian nation, which is grappling with Asia’s fastest inflation, has about $1 billion in dollar-denominated debt due next year and is scheduled to hold elections scheduled in February.

Interim Finance Minister Shamshad Akhtar said after the staff-level deal in November that the country may seek an additional loan from the IMF, describing the economy as “still fragile.”

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,657.53 275.65M	-0.48% -787.19
ALLSHR	99,856.83 1,177.83M	-0.41% -406.39
KSE30	50,081.10 65.97M	-0.77% -386.05
KMI30	238,319.79 34.25M	-0.44% -1061.34
KMIALLSHR	65,859.47 320.00M	-0.43% -283.97
BKTi	46,239.35 36.92M	-0.80% -370.63
OGTi	31,956.02 7.34M	-0.90% -289.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	106,035.00	109,470.00 105,765.00	-2410.00 -2.22%
BRENT CRUDE	60.70	61.11 60.50	-0.36 -0.59%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-0.75 -0.92%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	56.64	57.09 56.45	-0.82 -1.43%
SUGAR #11 WORLD	15.78	15.88 15.73	-0.02 -0.13%