Pakistani delegation reaches to negotiate with IMF for fresh loan

WASHINGTON: A Pakistani delegation led by Finance Minister Muhammad Aurangzeb has arrived in Washington D.C, United States to participate in the spring meetings of the International Monetary Fund (IMF) and World Bank.

The Governor State Bank of Pakistan, the secretary Finance, the additional secretary and others are included in the Pakistani delegation.

On arrival at the airport, Ambassador of Pakistan to the United States Masood Khan and the officers of the Embassy of Pakistan welcomed the Finance Minister.

During his stay in US, the Finance Minister will meet IMF and World Bank officials.

Negotiations between Pakistan and the IMF are scheduled for next week, sources report.

According to sources, Islamabad will request the IMF for a new loan programme.

Meetings with international media and think tank representatives are also included in the Finance Minister’s schedule.

Pakistan and the IMF last month reached a staff-level agreement on the second and last review of the $3 billion stand-by arrangement, which, if cleared by the global lender’s board, will release about $1.1 billion to the country.

The IMF’s board is expected to review the matter in late April, but no firm date has been set, a spokesperson said.

from Latest Pakistan News and Breaking News from All over Pakistan https://ift.tt/ZjLJkis

Comments

BISE Malakand announces Matric Exam 2025 toppers

MALAKAND: The Board of Intermediate and Secondary Education (BISE) Malakand has formally declared the names of BISE Malakand Matric Toppers 2025 on Wednesday, July 30, 2025, lauding the students’ academic intellect across the region. According to the results, Malakand Board Toppers from both the Science and Humanities groups across the region secured the positions. This year’s BISE Malakand Matric toppers have proved an extraordinary performance in the Matric Annual Examination Part-I. Saman Wahab, a student from Hira School and College, Dargai, emerged as the winner in the list of BISE Malakand Matric Position holders by scoring an excellent 1169 in the science group. Huma Hameed, a student from Muhsanat Academy, Sangolai, achieved the top spot in the Humanities Group with 1094 marks. Science Group Toppers Name Institute Position Marks Saman Wahab Hira School and College Dargai, MKD 1st 1169 Komal Mehboob Qazi PIMS School and Girls College Biari, Dir (L) ...

President Zardari meets envoys of five countries, stresses global ties

ISLAMABAD: President Asif Ali Zardari highlighted the need to strengthen bilateral cooperation with Sri Lanka, Indonesia, Kyrgyzstan, Austria, and Germany as he greeted their recently appointed ambassadors at Aiwan-e-Sadr, ARY News reported. During the meeting, the appointed ambassadors formally presented their diplomatic credentials. Pakistan Armed Forces celebrated the ceremony with a guard of honour. In one-on-one meetings with the High Commissioner-designate of Sri Lanka and Ambassadors-designate of the other nations, President Asif Zardari stressed Pakistan’s commitment to strengthening bilateral cooperation in different sectors, including trade, economy, and culture. Asif Zardari expressed his best wishes to the diplomats on their new roles, hoping that their tenure would strengthen relationships and foster regional partnership. The ceremony was attended by the diplomats of different nations, including Rear-Admiral H.L.A. Don Fred Senevirante from Sri Lanka, Chandra Warsenan...

Pakistan floods: South Asia’s monsoon explained

Floods in Pakistan have killed more than 1,000 people after what its climate change minister called a record unbroken cycle of monsoon rains with “8 weeks of non-stop torrents”. AFP explains what the monsoon is, why it is so important and yet so dangerous, and how climate change and other man-made effects may be altering the vast life-giving but destructive annual weather system. What is the South Asian monsoon? The Southwest or the Asian Summer Monsoon is essentially a colossal sea breeze that brings South Asia 70-80 percent of its annual rainfall between June and September every year. It occurs when summer heat warms the landmass of the subcontinent, causing the air to rise and sucking in cooler Indian Ocean winds which then produce enormous volumes of rain. Why it is important? The monsoon is vital for agriculture and therefore for the livelihoods of millions of farmers and for food security in the poor region of around two billion people. But it brings destruction every ye...

Daily News

Search This Blog