New Delhi, April 28 (IANS) In fresh trouble for financially-starving Pakistan, the International Monetary Fund (IMF) has added 11 new conditions to the ongoing $7 billion Extended Fund Facility (EFF) programme, according to a new report.A report in Business Recorder says that one condition is the enactment of an amendment to the Special Economic Zones (SEZ) Act and the Special Technology Zones Authority Act to phase out existing fiscal incentives and shift from profit-based to cost-based incenti…
Latest Extended Fund Facility News & Updates
New Delhi, April 23 (IANS) Pakistan has been given a list of additional conditions by the International Monetary Fund (IMF), among which the ‘most troubling demand’ is commitment to raise electricity and gas prices, a new report has said.“A ‘do more’ list with a call to ‘do it within the timeframe’ has been handed over to the Pakistan government by IMF,” among which a major demand is to amend laws governing special economic zones, said the report in The Express Tribune.The IMF wants the gove…
Washington, March 28 (IANS) The International Monetary Fund has reached a staff-level agreement with Pakistan that could unlock about $1.2 billion in fresh funding, as the country pushes ahead with fiscal tightening, structural reforms, and measures to stabilise inflation and growth.The agreement follows discussions between an IMF team and Pakistani authorities on the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF)….
New Delhi, March 13 (IANS) Pakistan’s central government debt rose by over Rs 7 trillion in 2025 marking an increase of nearly 10 per cent — a trend that risks diverting resources away from private investment, job creation and public services, a report said on Friday.An editorial in The Express Tribune warned that at the current rate Pakistan will become “a perennial contender for the world’s worst-run country,” without a quick resolution.”Without a relatively quick resolution, debt manageme…
New Delhi, Feb 22 (IANS) While the IMF loan has bailed out Pakistan from the brink of economic collapse for the time being, weak growth and fractious domestic politics suggest that the current period of stability may prove difficult to sustain over the medium term, according to an article. In September 2024, the IMF approved a $7bn Extended Fund Facility aimed at restoring macroeconomic stability and rebuilding policy credibility. To date, Pakistan has received roughly $3.3bn under the programme…
Washington, Feb 19 (IANS) An International Monetary Fund (IMF) staff team will travel to Islamabad from February 25 to hold discussions on Pakistan’s economic reform programme under its Extended Fund Facility (EFF), the Fund said on Thursday. “We do have a staff team that is expected to visit Pakistan starting February 25th for discussions on the third review under the EFF and the second review under the RSF,” IMF Communications Director Julie Kozack told reporters at a news conference …
Washington, Jan 16 (IANS) The International Monetary Fund (IMF) said a fact-finding mission will visit Sri Lanka from January 22 to 28 to assess damage from Cyclone Ditwah and discuss the implications for the country’s ongoing Extended Fund Facility (EFF) programme.“A fact-finding mission will visit Sri Lanka from January 22nd to 28th,” Julie Kozack, Director of the IMF’s Communications Department, said at an IMF press briefing.“The mission, the goal of the mission is to firm up our un…