News Formal

IMF review mission commends Pakistan for economic progress: Finance ministry

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The International Monetary Fund's (IMF) review mission met with Pakistani authorities in Islamabad on Thursday (Nov 2) and commended the government on its progress toward economic recovery, the country's finance ministry said in a statement.

The South Asian nation is operating under a caretaker government after an IMF loan programme, approved in July, helped avert a sovereign debt default.

"Nathan Porter, IMF Mission Chief, appreciated the government's commitment to meeting the first-quarter targets, and commended the government's efforts and measures taken in some critical areas," the ministry said.

On Monday, Pakistan's central bank held its key rate at 22 per cent. In its statement it said that a"successful and timely completion of the upcoming IMF-SBA review would help unlock other multilateral and bilateral financing".

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Key China gathering sees bigger role for Communist Party in financeChina would set up a mechanism for resolving local debt risks and managing local government debt. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »

Xi chairs rare meeting to 'resolve risks' in China's finance sectorChinese President Xi Jinping chaired a key meeting this week aimed at resolving "risks" in the country's finance sector, state media reported Tuesday (Oct 31), as the world's number two economy struggles to shore u
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »