{"id":87973,"date":"2022-08-15T12:06:50","date_gmt":"2022-08-15T07:06:50","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=87973"},"modified":"2022-08-15T12:06:55","modified_gmt":"2022-08-15T07:06:55","slug":"pakistan-imf-loan-by-this-month","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-imf-loan-by-this-month.html","title":{"rendered":"Pakistan likely to receive IMF loan by end of this month"},"content":{"rendered":"\n<p>Islamabad: The federal government is likely to receive USD 1.8 billion from the International Monetary Fund (IMF) under the seventh and eighth reviews of the Extended Fund Facility (EFF), news sources reported on August 13. The IMF will formally confirm the expected funds&#8217; release during a scheduled meeting on August 29.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/paks-financing-fully-met-imf-program.html\" data-type=\"post\" data-id=\"87747\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Pak\u2019s financing needs will be fully met under IMF program\u2019<\/a><\/p>\n\n\n\n<p>According to reports, the IMF would transfer cash during working hours until August 31, bolstering the country&#8217;s foreign exchange reserves (FOREX). It was also disclosed that the IMF would assess the country&#8217;s recent adjustments in fiscal policies and tax break restructuring as per the <a href=\"https:\/\/www.zameen.com\/news\/moodys-pakistan-imf-credit-positive.html\" data-type=\"post\" data-id=\"87390\" target=\"_blank\" rel=\"noreferrer noopener\">Staff Level Agreement (SLA) <\/a>in July. In this respect, Finance Minister Miftah Ismail confirmed that the IMF has sent a Letter of Intent (LOI) for the release of USD 1.8 billion under the EFF, which the ministry will evaluate, sign, and return for the much-needed foreign exchange reserves to be released on schedule.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-7th-8th-loan-tranches-august-20.html\" data-type=\"post\" data-id=\"87740\" target=\"_blank\" rel=\"noreferrer noopener\">IMF to roll out 7th &amp; 8th loan tranches before August 20<\/a><\/p>\n\n\n\n<p>It is worth noting that the IMF required Pakistan to negotiate an extra USD 4 billion credit line from friendly countries to get the EFF tranches. Pakistan has agreed with four countries to provide funding in this regard. The IMF has also increased the borrowing ceiling from USD 6 billion to USD 7 billion, extending the programme until 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government is likely to receive USD 1.8 billion from the International Monetary Fund (IMF) under the seventh and eighth reviews of the Extended Fund Facility (EFF), news sources reported on August 13. The IMF will formally confirm the expected funds&#8217; release during a scheduled meeting on August 29. Read: \u2018Pak\u2019s financing needs will be fully met under IMF program\u2019 According to reports, the IMF would transfer cash during working hours until August 31, bolstering the country&#8217;s foreign exchange reserves (FOREX). It was also disclosed that the IMF would assess the country&#8217;s recent adjustments in fiscal policies and tax break restructuring as per the Staff Level Agreement (SLA) in July. In this respect, Finance Minister Miftah Ismail confirmed that the IMF has sent a Letter of Intent (LOI) for the release of USD 1.8 billion under the EFF, which the ministry will evaluate, sign, and return for the much-needed foreign exchange reserves to be released on schedule. Read: IMF to roll out 7th &amp; 8th loan tranches before August 20 It is worth noting that the IMF required Pakistan to negotiate an extra USD 4 billion credit line from friendly countries to get the EFF tranches. Pakistan has&hellip;<\/p>\n","protected":false},"author":84,"featured_media":87304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[53580,53411,53579],"persona":[],"class_list":{"0":"post-87973","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-agreement-pakistan","9":"tag-imf-pakistan-agreement","10":"tag-pakistan-likely-to-receive-imf-loan-by-end-of-this-month","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan likely to receive IMF loan by end of this month - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government is likely to receive USD 1.8 billion from the International Monetary Fund (IMF) under the seventh and eighth reviews of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-imf-loan-by-this-month.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan likely to receive IMF loan by end of this month - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government is likely to receive USD 1.8 billion from the International Monetary Fund (IMF) under the seventh and eighth reviews of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-imf-loan-by-this-month.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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