No Result
View All Result
Monday, June 30, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

No breakthrough in Pakistan-IMF talks: Report

MM News Staff by MM News Staff
January 10, 2023

ISLAMABAD: Despite terming the meeting as ‘positive’, Pakistan and the International Monetary Fund (IMF) failed to strike any breakthrough in their talks held the other day, as no side announced any date for mission’s visit to Islamabad.

Also read: IMF asks Pakistan to meet demands within three weeks to revive stalled program

The meeting came as the IMF had withheld the release of $1.1 billion loan tranche due to disagreement over the exchange rate policies, power tariff and a major gap in the fiscal framework. The gross official foreign exchange reserves slipped to a nine-year low of $4.5 billion last week – enough to finance three weeks of imports.

Also read: Shahbaz Sharif lied, clarifies IMF

The finance minister said last week that nearly $6 billion of private commercial banks’ reserves also belonged to Pakistan. However, the central bank has already borrowed $5 billion out of the $5.8 billion held by the commercial banks as of November 30, 2022.

Also read: IMF delegation to visit Pakistan in 2-3 days for ninth review: PM

According to a report made available here on Tuesday, the purpose of the meeting was to reach a consensus on the measures that would ensure the negotiations for the 9th programme review. But surprisingly, the finance ministry tweeted that Finance Minister Ishaq Dar and IMF Mission Chief Nathan Porter “discussed challenges to regional economies in the wake of climate change”.

(1/)2…Finance Minister Senator Muhammad Ishaq Dar held a meeting with IMF Mission Chief to Pakistan Mr. Nathan Porter, on the side lines of International Conference on 'Climate Resilient Pakistan' at Geneva on 9th Jan,2023 pic.twitter.com/ym11Xer4dl

— Ministry of Finance, Government of Pakistan (@Financegovpk) January 9, 2023

The report quoted sources from Geneva saying that Pakistan would have to take certain measures before the IMF sent a staff-level mission. Last week, Prime Minister Shehbaz Sharif had announced that the IMF team would visit Pakistan in three days for programme negotiations – a deadline that has already passed.

Dar met Porter on the sidelines of the International Conference on Climate Resilient Pakistan in Geneva, according to the finance ministry. It added that they “discussed challenges to regional economies” in the wake of climate change. “The finance minister reiterated the commitment to complete the Fund programme,” it said.

Also read: IMF deeply divided over Pakistan, other countries request to suspend loan charges

There was no one from the finance ministry to assist Dar at the talks with the IMF. Instead, the meeting was attended by Economic Affairs Minister Sardar Ayaz Sadiq and Economic Affairs Secretary Kazim Niaz. Under the rules of the business, the IMF is the subject of the Finance Division.

According to the report, Reuters quoted Thanos Arvanitis, the deputy director of the IMF’s Middle East and Central Asia department, as saying that “it was a good meeting but I do not have any statements to make”.

A Pakistani delegate said that the IMF mission would soon visit Pakistan but the country would have to show progress on things that were already under discussion. “The IMF team does not make any fresh demand,” according to a source familiar with the discussions.

 

ShareTweetSendShare
Previous Post

Here’s what Momal thinks about Behroze Sabzwari’s controversial statement about women

Next Post

Saudi Arabia studies options to augment investment, increase deposits in Pakistan

Related Stories

File photo
Daily Buzz

Mehr Bano opens up about harassment in the entertainment industry

June 30, 2025
Photo credit Express News
Uncategorized

US woman travels to Pakistan for her online lover

June 30, 2025
File photo
Uncategorized

Pakistan elected UNIDO president first time ever

June 30, 2025
File photo
Uncategorized

Sanam Javed gets bail in anti-state remarks case

June 30, 2025
Justice Sardar Muham­mad Sarfraz Dogar
Uncategorized

Justice Dogar notified as senior-most IHC judge in revised seniority list

June 29, 2025
File photo
Business & Stock

FBR, banks to share data to curb tax evasion

June 26, 2025
File photo
Uncategorized

MDCAT 2025: Expected entry test date in Pakistan announced

June 25, 2025
File photo
Uncategorized

Hunza’s Lexus hotel hit by flash flood

June 25, 2025
File photo
Uncategorized

Malala Yousafzai launches ‘Recess’ to empower women and girls through sports

June 25, 2025
Representational image
Transport

Monsoon rains: PAA issues advisory to pilots over birds

June 25, 2025
Next Post

Saudi Arabia studies options to augment investment, increase deposits in Pakistan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Online/File photo
Prices

Govt end electricity duty from power bills

by MM News Staff
June 30, 2025
File photo
Daily Buzz

Mehr Bano opens up about harassment in the entertainment industry

by MM News Staff
June 30, 2025
File photo
Crime

Swat Tragedy tied to river diversion by land mafia, reveals initial probe

by MM News Staff
June 30, 2025
Photo credit Express News
Uncategorized

US woman travels to Pakistan for her online lover

by MM News Staff
June 30, 2025
File photo
Top News

Ashura: Sindh requests suspension of mobile, internet services on 9th and 10th Muharram

by MM News Staff
June 30, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

Online/File photo
Prices

Govt end electricity duty from power bills

by MM News Staff
June 30, 2025

Federal Minister for Energy Awais Leghari has formally requested all provincial governments to eliminate...

LGP prices have been slashed ahead of Ramadan. File photo

LPG prices slashed by Rs7.51 per kilogram for July 2025

June 30, 2025
(File)

Gold price increases Rs800 per tola

June 30, 2025

Rs1.15 per unit cut likely in power tariff

June 30, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.