DIRS.INFO The most relevant business & tech news

A Pakistan International Airlines (PIA) passenger plane prepares to take off from the Benazir International airport in Islamabad, Pakistan, February 9, 2016. REUTERS/Faisal Mahmood/File PhotoISLAMABAD, Aug 7 (Reuters) - Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines (PIAa.PSX), the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar. The committee "after deliberation decided to include Pakistan International Airlines Co. Ltd in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," a finance ministry statement said. Pakistan hopes to resume PIA flights to Britain in the next three months after services were suspended following a fake pilot scandal.

Persons: Faisal Mahmood, Ishaq Dar, Asif Shahzad, Baranjot Kaur, David Goodman, Mark Potter, Alistair Bell Organizations: Pakistan International Airlines, PIA, Benazir, REUTERS, Finance, Pakistan International Airlines Co . Ltd, PIAInvestment, European Union's Aviation Safety Agency, International Monetary Fund, Pakistan, Baranjot, Thomson Locations: Islamabad, Pakistan, ISLAMABAD, , New York, Britain, Europe, Bengaluru

[1/2] Pakistan's Finance Minister Ishaq Dar gestures during a news conference to announce the economic survey of fiscal year 2016-2017, in Islamabad, Pakistan, May 25, 2017. REUTERS/Faisal MahmoodISLAMABAD, May 28 (Reuters) - Pakistan will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds, Finance Minister Ishaq Dar said on Sunday. The IMF funding is crucial for the $350 billion South Asian country, which faces an acute balance of payments crisis. The IMF's $1.1 billion funding to Pakistan, which is part of the $6.5 billion Extended Fund Facility agreed in 2019, has been held up since November. Islamabad hosted the IMF mission in February to negotiate a series of fiscal policy measures to clear the 9th review.

☆ Pakistan minister cancels trip to IMF, World Bank meetings in US - sources
▼ + stars: | 2023-04-07 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

[1/2] Pakistan's Finance Minister Ishaq Dar is seen after a party meeting in Islamabad, Pakistan September 26, 2017. REUTERS/Faisal MahmoodISLAMABAD, April 7 (Reuters) - Pakistan's finance minister has cancelled a visit to Washington for spring meetings of the International Monetary Fund (IMF) and World Bank, government officials said on Friday, citing domestic political turmoil as the reason. Minister Ishaq Dar was scheduled to attend the meetings from April 10 and see top IMF officials and multilateral creditors in a bid to secure stalled funding that the South Asian country desperately needs to avert a balance-of-payments crisis. Prime Minister Shehbaz Sharif has rejected Khan's demand, saying a general election is due anyway late this year. The officials said the finance secretary, the top civil servant in the ministry, and the central bank governor would likely lead Pakistan's delegation to Washington.

☆ Pakistani PM approves IMF deal, Geo reports, without giving details
▼ + stars: | 2023-02-09 | by ( Ariba Shahid | ) www.reuters.com time to read: +2 min

REUTERS/Faisal MahmoodKARACHI, Feb 9 (Reuters) - Pakistani Prime Minister Shahbaz Sharif has approved a deal with the International Monetary Fund (IMF) and all matters related to the bailout programme are settled, broadcaster Geo said on Thursday, citing sources. To release the funds, the IMF needed to reach a staff level agreement with Pakistan. Analysts say the money is necessary to prevent Pakistan from defaulting on external payment obligations, and an IMF deal also paves the way for other organisations and governments to provide funds. The IMF mission arrived in Pakistan late last week for talks aimed at releasing an overdue tranche of $1.1 billion from the bailout programme, leaving $1.4 billion remaining. The fiscal adjustments demanded by any deal, however, are likely to fuel record high inflation, which hit 27.5% year-on-year in January, analysts say.

Search resuls for: "Faisal Mahmood"

4 mentions found