{"id":104892,"date":"2023-07-05T14:09:29","date_gmt":"2023-07-05T08:39:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104892"},"modified":"2023-07-05T14:09:31","modified_gmt":"2023-07-05T08:39:31","slug":"imf-board-to-meet-on-july-12-to-review-pakistans-loan-agreement","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/imf-board-to-meet-on-july-12-to-review-pakistans-loan-agreement\/","title":{"rendered":"IMF board to meet on July 12 to review Pakistan&#8217;s loan agreement"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2794131527\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The IMF&#8217;s executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-171715506\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default.<\/p><p>The nine-month Stand-by Arrangement (SBA), if approved, will bring USD 3 billion, or 111 per cent of Pakistan\u2019s IMF quota which will ease the country\u2019s financial crisis, the Dawn newspaper reported from Washington.<\/p><p>The initial disbursement is contingent upon the board&#8217;s approval as the country continues to grapple with a severe balance of payments crisis and declining foreign exchange reserves.<\/p><div class=\"trade-content_5\" id=\"trade-912264266\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Pakistan was absent from an earlier schedule released in June, igniting speculation that the Washington-based lender was not going to release funds from an earlier programme that expired on June 30.<\/p><p>Pakistan was expecting about USD 2.5 billion from the Washington-based global lender but it was given USD 3 billion.<\/p><p>Pakistan had earlier cleared eight of the 11 listed programme reviews, with the ninth review pending since November last year, the report said.<\/p><p>Meanwhile, Pakistan has submitted a letter of intent to the IMF, assuring the lender that no new tax amnesty will be introduced in the next nine months.<\/p><p>The letter, signed by Finance Minister Ishaq Dar and the State Bank governor, guarantees the removal of trade barriers and upholding commitments to other financial institutions and bilateral donors that have provided loans to the country, the report added.<\/p><p>Amidst the political turmoil, Pakistan&#8217;s economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked inflation, making it almost impossible for a vast number of people to make ends meet.<\/p><div class=\"trade-content-10\" id=\"trade-1389243331\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has faced several challenges in recent times, including devastating floods last year and commodity price hikes following the war in Ukraine.<\/p><p>Over 1,500 people were killed last year during floods in Pakistan that destroyed millions of homes, wiped out swathes of farmland, and caused billions of dollars in economic losses.<\/p><div class=\"trade-after-content\" id=\"trade-3197758495\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    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The Pakistan government and the International Monetary Fund (IMF) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":100328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-104892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IMF board to meet on July 12 to review Pakistan&#039;s loan agreement - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The IMF&#039;s executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/imf-board-to-meet-on-july-12-to-review-pakistans-loan-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF board to meet on July 12 to review Pakistan&#039;s loan agreement\" \/>\n<meta property=\"og:description\" content=\"The IMF&#039;s executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/imf-board-to-meet-on-july-12-to-review-pakistans-loan-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-05T08:39:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-05T08:39:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/imf-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/imf-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/imf-board-to-meet-on-july-12-to-review-pakistans-loan-agreement\/\",\"url\":\"https:\/\/tradebrains.in\/features\/imf-board-to-meet-on-july-12-to-review-pakistans-loan-agreement\/\",\"name\":\"IMF board to meet on July 12 to review Pakistan's loan agreement - 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