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Shortly before Azhar replaced Abdul Hafeez Shaikh in the post, the IMF announced resumption of Pakistan’s stalled Extended Fund Facility (EFF) programme. The loan was agreed in…
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DOI: 10.1108/OXAN-DB261046
ISSN: 2633-304X
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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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Prospects for Europe in the fourth quarter.
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DOI: 10.1108/OXAN-DB203182
ISSN: 2633-304X
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Despite its commitment to a floating exchange rate, the government has been forced to prioritise exchange rate stabilisation. After the change of Central Bank (BCRA) authorities…
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DOI: 10.1108/OXAN-DB235980
ISSN: 2633-304X
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The programme will resume once approved by the Fund’s Executive Board. The last tranche of the loan received to date was disbursed earlier this year, under then premier Imran…
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DOI: 10.1108/OXAN-DB271488
ISSN: 2633-304X
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Islamabad wants to ease some of the loan’s conditions. Separately, the United States, the IMF’s largest shareholder, recently said it would reassess its relations with Pakistan…
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DOI: 10.1108/OXAN-DB264212
ISSN: 2633-304X
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The staff-level agreement on the package was announced on June 29, the day before an Extended Fund Facility (EFF) arrangement which Pakistan had with the IMF expired with around…
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DOI: 10.1108/OXAN-DB280730
ISSN: 2633-304X
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The programme was revived in August 2022 after a hold-up and extended to June 2023, but completion of the review linked to the latest tranche is now several months behind…
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DOI: 10.1108/OXAN-DB277906
ISSN: 2633-304X
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Prospects for Pakistan to end-2019.
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DOI: 10.1108/OXAN-DB244711
ISSN: 2633-304X
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With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…