Pakistan has been on FATF’s increased monitoring list since 2018; it has previously been on it from 2008-10 and 2012-15. Pakistan’s history with the Financial Action Task Force (FATF) — the international watchdog against money laundering and financing of terrorism… Continue Reading
The International Monetary Fund’s representative in Islamabad, Esther Perez Ruiz, has clarified that the money lender had not asked Pakistan to renegotiate energy deals made under the China-Pakistan Economic Corridor (CPEC), terming the reports “simply untrue”. Ruiz gave the clarification… Continue Reading
The US dollar breached another record on Thursday as it rose past Rs207 during early morning trade owing to concerns over depleting foreign exchange reserves and ambiguity regarding Pakistan’s deal with the International Monetary Fund (IMF). According to the Forex… Continue Reading
With the economy in turmoil and no easy fixes on hand, it would be ideal if lawmakers from across the political divide were to pledge to work together to improve it. Given the reality, however, the prime minister’s desire for… Continue Reading
IMF Approves $500M Disbursement to Pakistan WASHINGTON – The International Monetary Fund said Wednesday that it had approved a $500 million disbursement to Pakistan for budget support after the IMF executive board completed delayed reviews of Pakistan’s $6 billion loan… Continue Reading