SAQIB RAZA , CPA’s Post

SBP Governor Jameel Ahmed reported that October remittances exceeded $3 billion, boosting foreign exchange reserves. The first-quarter FY25 remittances are up 39%, and reserves are projected to reach $13 billion by year-end, with an additional $500 million from the ADB expected this week. Despite this, Pakistan faces a $6.3 billion shortfall in debt servicing for FY25. The government is working to improve its debt profile by reducing reliance on short-term Treasury bills, which should lower interest payments, bringing the FY25 projection to Rs8.3–8.4 trillion.

Pakistan has requested an $8 billion loan from the IMF under the Extended Fund Facility (EFF) to fully utilize its remaining quota, about $2 billion more than initially offered. This request includes fulfilling stringent conditions, such as additional revenue measures worth 1.6% of GDP. The IMF is inclined to offer $6 billion, pending Pakistan's compliance with these conditions. The final decision will be made by the IMF management. Pakistan seeks this significant funding to meet its fiscal needs, with no new bilateral loans planned from traditional creditors like Saudi Arabia and China. #PakistanIMF #EFFLoan #EconomicCrisis #FinancialAid #IMFConditions

Pakistan has secured significant financing assurances from China, Saudi Arabia, and the UAE as part of a new International Monetary Fund (IMF) loan agreement. The agreement goes beyond a $12 billion bilateral loan owed to Pakistan by Islamabad. The IMF Pakistan Mission Chief, Nathan Porter, declined to provide details of additional financing amounts committed by China, Saudi Arabia, and the UAE, but said these would come on top of the debt rollover. The IMF's Executive Board approved a new $7 billion, 37-month loan agreement for Pakistan, requiring "sound policies and reforms" to strengthen macroeconomic stability. The additional financing amounts would come on top of the debt rollover South Asia has received 22 IMF bailout programs since 1958, with UAE, China, and Saudi Arabia providing significant financing assurances. The crisis-ridden country has had 22 previous IMF bailout programs. #imf #missionChief #Asia #loan #ChinaUAESaudi

According to reports from the finance ministry, Pakistan is planning to seek a $12 billion loan rollover from friendly nations to meet its external financing needs for the fiscal year 2024-25. The breakdown includes $5 billion from Saudi Arabia, $4 billion from China, and $3 billion from the United Arab Emirates. This measure is intended to cover the total external financing requirement of Rs23 billion for the upcoming fiscal year. The budget also includes provisions for obtaining new financing from entities such as the World Bank, Asian Development Bank, and other monetary institutions. In a related development, the Pakistani government aims to finalize budget targets for the fiscal year 2024-25 before the scheduled arrival of an International Monetary Fund (IMF) mission in Islamabad on May 15. The IMF mission's visit is part of discussions regarding a new loan program to address Pakistan's financial needs. The Ministry of Finance has instructed relevant ministries to expedite the target-setting process to prepare for the IMF mission's arrival. #IMF #Pakistan #Loan #UAE #SaudiArabia #Countries #follower #follow #followers #followerseveryone

Pakistan ranks among the top three IMF loan recipients in 2023, according to the World Bank's International Debt Report. With external debt at $130.85bn—352% of exports and 39% of GNI—the country faces a weakening fiscal position. China holds the largest share of debt (22%), followed by the World Bank (18%) and ADB (15%). Saudi Arabia, the second-largest bilateral lender, accounts for 7% of Pakistan's total debt at $9.16bn. #china #pakistan #hubbub #IMFloan

Citi Bank projects Pakistan to secure a sizable IMF program of $7-8 billion by July, driving optimism in the country's financial outlook. This anticipation, coupled with potential Saudi investments, has strengthened confidence in Pakistan's international bonds, with the 2027 maturity standing out as an attractive option for investors at 87.292 cents in the dollar. The completion of a short-term $3 billion IMF program last month has stabilized Pakistan's fiscal position, paving the way for discussions on a longer-term program and reforms under a potential new IMF agreement. The successful management of Eurobond repayments and timely arrangements for debt repayments further underscore Pakistan's fiscal resilience. #pakistaneconomy #imf #psx #bailout #loan #sba #citibank

Pakistan has requested a loan of $8 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF), exceeding the initial offer by $2 billion. To secure this loan, Pakistan must meet stringent conditions, including implementing additional revenue measures equivalent to 1.6% of its GDP. The IMF is currently inclined to offer $6 billion, pending Pakistan's compliance with these conditions. The final decision rests with the IMF management. Pakistan seeks this significant funding to address its fiscal needs, as no new bilateral loans are planned from traditional creditors like Saudi Arabia and China. The loan request comes as Pakistan faces an economic crisis, and the funding is crucial to support the country's financial stability. The IMF's conditions aim to ensure Pakistan's economic reforms and sustainable growth. The outcome of this request will have a significant impact on Pakistan's economic future. . . . #PakistanIMF #EFFLoan #EconomicCrisis #FinancialAid #IMFConditions #tribunetrends

IMF has shared their weekly agenda schedule. Pakistan's programme approval is not included in it as of now. The deadlock is that they want Pakistan to fill the external financing gap which Pakistan is unable to do at the moment. Moreover, IMF has changed their country head too. Something else is going on at their part. The good thing is Pakistan's current account deficit is low compared to prior years. Moreover, Pakistan is receiving a handsome amount in form of remittances which is helping Pakistan to maintain their reserves. Additionally, it is giving Pakistan an opportunity to arrange finances to fill those external financing gaps.

Pakistan has secured commitments from China, Saudi Arabia and the United Arab Emirates to roll over debt for a year, a boost for the government as it awaits final approval of a new $7 billion loan programme with the International Monetary Fund (IMF), Bloomberg reported on Tuesday. Pakistan has a peculiar financial arran­gement with these three countries in the shape of commercial loans and SAFE deposits that are rolled over every year and form a major part of the IMF programme in terms of external financing needs. Pakistan has now requested the maturity period of these loans — $5bn from China, $4bn from Saudi Arabia, and $3bn from the UAE — to be extended to at least three years, offering greater predictability under the IMF programme.

Pakistan has secured commitments from China, Saudi Arabia and the United Arab Emirates to roll over debt for a year, a boost for the government as it awaits final approval of a new $7 billion loan programme with the International Monetary Fund (IMF), Bloomberg reported on Tuesday. Pakistan has a peculiar financial arran­gement with these three countries in the shape of commercial loans and SAFE deposits that are rolled over every year and form a major part of the IMF programme in terms of external financing needs. Pakistan has now requested the maturity period of these loans — $5bn from China, $4bn from Saudi Arabia, and $3bn from the UAE — to be extended to at least three years, offering greater predictability under the IMF programme.