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Pakistan asks IMF to delay 6th country review meeting to end-January

Monday, January 10, 2022
Pakistan asks IMF to delay 6th country review meeting to end-January © Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas

ISLAMABAD (Reuters) -Pakistan has asked the International Monetary Fund (IMF) to delay a board meeting meant to consider the country's sixth review until the end of January, the finance ministry said on Monday.

The meeting was meant to take place on Jan. 12 to review the recommendation to release $1 billion of Pakistan's $6 billion, three-year programme.

However, Pakistan has been so far been unable to pass recommended fiscal tightening measures tied to the funds' release.

"As soon as the legislative procedures are completed, the IMF board will consider it for approval," the finance ministry said in a statement, referring to a mid-year budget that slashes a number of duty exemptions and introduces new revenue measures.

The legislation was introduced to parliament late last month, but has met fierce resistance from the opposition amidst rising inflation and a widening current account deficit.

Last week, the government said it was confident it would pass the budget later this month.

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27-01-2022 18:36:12 (UTC+7)

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 EUR/USD1.1145↑ Buy
 GBP/USD1.3388↑ Buy
 USD/JPY115.36↑ Buy
 AUD/USD0.7038Sell
 USD/CAD1.2737Sell
 EUR/JPY128.58↑ Buy
 EUR/CHF1.0378Neutral
 Gold1,797.20↑ Buy
 Silver22.800Neutral
 Copper4.4275Neutral
 Crude Oil WTI87.44↑ Buy
 Brent Oil88.84↑ Buy
 Natural Gas4.318Neutral
 US Coffee C231.78Buy
 Euro Stoxx 504,184.97↑ Buy
 S&P 5004,326.50↑ Sell
 DAX15,524.27↑ Buy
 FTSE 1007,554.31↑ Buy
 Hang Seng23,807.00↑ Buy
 Small Cap 20001,932.23Neutral
 IBEX 358,706.00↑ Buy
 BASF68.450↑ Sell
 Bayer52.58↑ Sell
 Allianz228.70↑ Sell
 Adidas242.15↑ Sell
 Lufthansa7.045↑ Sell
 Siemens AG140.50↑ Sell
 Deutsche Bank AG11.920↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,235
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SJC HCM6,195/ 6,255
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SJC Hanoi6,195/ 6,257
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SJC Danang6,195/ 6,257
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SJC Nhatrang6,195/ 6,257
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Cập nhật lúc 06:32:17 28/01/2022
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