{"id":99257,"date":"2024-09-18T11:32:01","date_gmt":"2024-09-18T06:32:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99257"},"modified":"2024-09-18T11:32:03","modified_gmt":"2024-09-18T06:32:03","slug":"pakistans-usd-7bn-imf-deal","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistans-usd-7bn-imf-deal.html","title":{"rendered":"Pakistan&#8217;s USD 7bn IMF deal up for review on Sep 25"},"content":{"rendered":"\n<p>Islamabad: The International Monetary Fund (IMF) has formally announced that its Executive Board will review Pakistan&#8217;s 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility (EFF) on September 25.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-falls-short-remains-under-imf-set-target.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR targets PKR 1.196tr tax collection in Sep to align with IMF requirements<\/a><\/p>\n\n\n\n<p>According to the IMF\u2019s official website, the meeting will include discussions on Pakistan\u2019s 37-month EFF program, totaling approximately USD 7 billion. This agreement, reached at the staff level on July 12 between the Pakistani authorities and the IMF team, will be subject to the Board&#8217;s final approval. The deal, which amounts to SDR 5,320 million (roughly USD 7 billion), hinges on timely financing assurances from Pakistan\u2019s development and bilateral partners.<\/p>\n\n\n\n<p>IMF Communications Director Julie Kozack, during a press briefing on September 12, confirmed the board meeting\u2019s scheduled date. She noted that Pakistan had successfully secured the required financing assurances, allowing the board to move forward. Kozack also highlighted Pakistan\u2019s efforts in stabilizing its economy through consistent policy measures, which have spurred economic growth, reduced inflation, and increased international reserves.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-projects-3-5-gdp-growth-for-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF projects 3.5% GDP growth for Pakistan in 2025<\/a><\/p>\n\n\n\n<p>When asked directly about the status of financing assurances, Kozack reaffirmed, \u201cYes, Pakistan has obtained the necessary financial commitments from its development partners.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF) has formally announced that its Executive Board will review Pakistan&#8217;s 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility (EFF) on September 25. Read: FBR targets PKR 1.196tr tax collection in Sep to align with IMF requirements According to the IMF\u2019s official website, the meeting will include discussions on Pakistan\u2019s 37-month EFF program, totaling approximately USD 7 billion. This agreement, reached at the staff level on July 12 between the Pakistani authorities and the IMF team, will be subject to the Board&#8217;s final approval. The deal, which amounts to SDR 5,320 million (roughly USD 7 billion), hinges on timely financing assurances from Pakistan\u2019s development and bilateral partners. IMF Communications Director Julie Kozack, during a press briefing on September 12, confirmed the board meeting\u2019s scheduled date. She noted that Pakistan had successfully secured the required financing assurances, allowing the board to move forward. Kozack also highlighted Pakistan\u2019s efforts in stabilizing its economy through consistent policy measures, which have spurred economic growth, reduced inflation, and increased international reserves. Read: IMF projects 3.5% GDP growth for Pakistan in 2025 When asked directly about the status of financing assurances, Kozack reaffirmed, \u201cYes,&hellip;<\/p>\n","protected":false},"author":89,"featured_media":87304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[58405,59400,11728,53412,59399,56222,59401,58585],"persona":[],"class_list":{"0":"post-99257","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-business-news","9":"tag-extended-fund-facility-2","10":"tag-imf","11":"tag-imf-loan","12":"tag-international-monetary-fund","13":"tag-news-and-updates","14":"tag-pakistan-business","15":"tag-zameen-news-and-updates","16":"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&#039;s USD 7bn IMF Deal - Zameen News<\/title>\n<meta name=\"description\" content=\"IMF to review Pakistan\u2019s USD 7 billion Extended Fund Facility proposal on September 25, following secured financial assurances.\" \/>\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\/pakistans-usd-7bn-imf-deal.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan&#039;s USD 7bn IMF Deal - Zameen News\" \/>\n<meta property=\"og:description\" content=\"IMF to review Pakistan\u2019s USD 7 billion Extended Fund Facility proposal on September 25, following secured financial assurances.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistans-usd-7bn-imf-deal.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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