LIVE: Sindh News Online SN TV

Follow Us

  • 131 Followers
  • 27.7k Followers
  • 583 Subscribers
  • 583 Subscribers
  • 647 Followers
  • 583 Subscribers

Most Popular

  • All
  • Breaking News
PIA plane crash: Punjab CM meets family of martyred pilot

PIA plane crash: Punjab CM meets family of martyred pilot

May 24, 2020
PIA plane crash: Investigation team finds engine scratch marks on runway

PIA plane crash: Investigation team finds engine scratch marks on runway

May 24, 2020
Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

November 11, 2020
COAS visits LoC, says Army celebrating Eid-ul-Fitr in solidarity with Kashmiris under lockdown

COAS visits LoC, says Army celebrating Eid-ul-Fitr in solidarity with Kashmiris under lockdown

May 24, 2020
Online Tribute paid to famous Sindhi Fiction writer and Novelist Ali Baba on eve of his Birthday

Online Tribute paid to famous Sindhi Fiction writer and Novelist Ali Baba on eve of his Birthday

July 26, 2020
Social activist and journalist Shaheena Shaheen shot dead in Turbat

Social activist and journalist Shaheena Shaheen shot dead in Turbat

September 5, 2020
Load More
  • URDU
  • SINDHI
Monday, December 11, 2023
  • Login
Sindh News Online
  • Home
  • News
    • All
    • Business
    • Pakistan
    • Politics
    • Science
    • World
    ‘King’s party’ will face PPP challenge in upcoming elections: Bilawal

    ‘King’s party’ will face PPP challenge in upcoming elections: Bilawal

    Accountability court orders return of Nawaz Sharif’s assets

    Accountability court orders return of Nawaz Sharif’s assets

    PPP will not make any alliance, to take solo flight: Khursheed Shah

    PPP will not make any alliance, to take solo flight: Khursheed Shah

    Pakistan condemns Israel’s barbarity, urges UNSC to act urgently

    Pakistan condemns Israel’s barbarity, urges UNSC to act urgently

    PSX achieves another milestone, crosses 55,000 barrier in early trade

    PSX achieves another milestone, crosses 55,000 barrier in early trade

    Israeli, Hamas fighters in close combat in Gaza City as civilians flee

    Israeli, Hamas fighters in close combat in Gaza City as civilians flee

    Change of guards ceremony held as nation observes 146th birth anniversary of Allama Iqbal

    Change of guards ceremony held as nation observes 146th birth anniversary of Allama Iqbal

    Punjab govt relaxes lockdown; allows markets to remain open on Thursday, Friday

    Punjab govt relaxes lockdown; allows markets to remain open on Thursday, Friday

    Gas tariff jacked up in line with IMF agreement

    Gas tariff jacked up in line with IMF agreement

    Mohsin Naqvi asks SBP to shut down banks for four days

    Mohsin Naqvi asks SBP to shut down banks for four days

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup
    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Google marks Pakistan’s Independence Day with Khojak Tunnel doodle

    Google marks Pakistan’s Independence Day with Khojak Tunnel doodle

    US elections: Facebook, Twitter introduce new measures to battle misinformation

    US elections: Facebook, Twitter introduce new measures to battle misinformation

    Trump order limits Chinese internet giants TikTok, WeChat from operating in US

    Trump order limits Chinese internet giants TikTok, WeChat from operating in US

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    Twitter tests feature asking you to open article before retweeting

    Twitter tests feature asking you to open article before retweeting

    George Floyd protests: Google postpones Android 11 beta launch

    George Floyd protests: Google postpones Android 11 beta launch

    TikTok India responds to criticism over controversial video glorifying acid attacks

    TikTok India responds to criticism over controversial video glorifying acid attacks

    Facebook says it removed huge number of violent, hate-speech filled posts

    Facebook says it removed huge number of violent, hate-speech filled posts

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    New Zealand out to snap losing streak to keep semi-final hopes alive

    New Zealand out to snap losing streak to keep semi-final hopes alive

    Fiza Ali returns after spending night in jungle

    Fiza Ali returns after spending night in jungle

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: Australia wins toss, decides to bat first against Pakistan in final Test battle

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: T20I, ODI matches shifted from Rawalpindi to Lahore

    Pak vs Aus: PCB may move T20I, ODIs to Lahore as pressure mounts in capital

    Pak vs Aus: PCB may move T20I, ODIs to Lahore as pressure mounts in capital

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Pak vs Aus: Usman Khawaja eyes 200, Australia 332-4 in Karachi Test

    Cricket Australia’s Nick Hockley shows interest in hosting tri-series involving India, Pakistan

    India Women team crushes Pakistan in opening World Cup game

    India Women team crushes Pakistan in opening World Cup game

    Rawalpindi Test 2nd day: Confident Pakistan bat against Australia

    Rawalpindi Test 2nd day: Confident Pakistan bat against Australia

    Peshawar blast: Australia coach Andrew McDonald says team in ‘really, really good hands’

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Punjab govt relaxes lockdown; allows markets to remain open on Thursday, Friday

    Punjab govt relaxes lockdown; allows markets to remain open on Thursday, Friday

    Fiza Ali returns after spending night in jungle

    Fiza Ali returns after spending night in jungle

    Coronavirus kills 35 Pakistanis, infects 1,226 in one day

    Pakistan reports 238 coronavirus cases, no deaths in 24 hours

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports no deaths from coronavirus as fifth wave fades away

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports 186 coronavirus cases, one death in 24 hours

    Pakistan reports 723 coronavirus cases, 7 deaths in 24 hours

    Pakistan reports 310 coronavirus cases, 5 deaths in 24 hours

    Pakistan reports no new COVID-19 deaths for first time since start of pandemic

    Pakistan reports no new COVID-19 deaths for first time since start of pandemic

    China weighs exit from ‘zero COVID’ and the risks involved

    China weighs exit from ‘zero COVID’ and the risks involved

    Pakistan reports 514 coronavirus cases, 2 deaths in 24 hours

    Pakistan reports 514 coronavirus cases, 2 deaths in 24 hours

    Pakistan reports lowest coronavirus deaths in over two months

    Pakistan reports lowest coronavirus deaths in over two months

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Video
No Result
View All Result
Sindh News Online
No Result
View All Result
" data-ad-slot="">
ADVERTISEMENT
Home Breaking News

No-trust motion leaves IMF-Pakistan review talks in jeopardy

by admin
March 15, 2022
in Breaking News, News, Pakistan, Politics
0
No-trust motion leaves IMF-Pakistan review talks in jeopardy
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

ISLAMABAD  : (Web Desk)- A political crisis in the country is looming over the ongoing staff-level review talks between the International Monetary Fund (IMF) and Pakistan, and a decision on the next loan tranche is likely after an outcome of the no-confidence motion due later this month, officials said on Monday.

With no possibility of striking a staff-level agreement until the fate of the no-confidence move is settled, Pakistan and the IMF will continue holding ongoing parleys for an indefinite period to strike consensus on many thorny issues.

Both the IMF and Pakistani authorities confirmed to The News separately on Monday that the ongoing talks were continuing, but none of them gave any time frame when these ongoing virtual talks for completion of the 7th review would be concluded, mainly because uncertainties persist on the political horizon.

It has made it impossible for both sides to strike a consensus on a memorandum of economic and financial policy (MEFP) framework under the IMF programme. Both sides are indicating that the talks will continue and the staff-level agreement will only be possible when the fate of the no-confidence motion is decided.

When IMF’s Resident Chief Esther Perez Ruiz was contacted about the time frame for the conclusion of ongoing talks, she replied, “the authorities and the IMF will continue to discuss recent developments and other measures to promote macroeconomic stability.” This scribe also contacted Finance Minister Shaukat Tarin, who said that the talks are “continuing.” One top official explained to this scribe that the tax amnesty scheme for the industrial sector did not require a waiver because it was not part of the performance criteria, it was part of missed structural benchmarks that are assessed in the context of overall programme performance.

The official said that the major challenge to striking consensus on MEFP was evolving consensus on external front projections in the wake of an increasing current account deficit because the Fund’s projections proved wrong.

The IMF had projected that the current account deficit would be standing at $12.9 billion for the current fiscal year but it had already touched $11.6 billion in the first seven months (July-Jan) period. If the CAD target was revised upward in the range of $18 to $20 billion for the whole fiscal year 2021-22, then the question arises from where external financing of $5 to $7 billion would be bridged to avoid the depletion of foreign currency reserves.

The rising POL and commodities prices in the international market multiplied the woes of the economic managers but keeping in view increased vulnerabilities on economic and political fronts they did not have much space to manoeuvre through policy prescriptions.

Tags: IMF-Pakistanno-trust motiontalks in jeopardy
Share197Tweet123Share49
admin

admin

LIVE: Sindh News Online SN TV

  • About
  • Advertise
  • Privacy & Policy
  • Contact
Whatsapp: 0337 0359958

© 2020 Sindh News Online. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Web Development Company Cyber Design

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

© 2020 Sindh News Online. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Web Development Company Cyber Design

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In