{"id":42893,"date":"2024-01-02T11:25:05","date_gmt":"2024-01-02T11:25:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/pakistan-issues-letter-of-intent-to-imf-for-second-tranche-approval-pakistan-observer\/"},"modified":"2024-01-02T11:25:05","modified_gmt":"2024-01-02T11:25:05","slug":"pakistan-issues-letter-of-intent-to-imf-for-second-tranche-approval-pakistan-observer","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pakistan-issues-letter-of-intent-to-imf-for-second-tranche-approval-pakistan-observer\/","title":{"rendered":"Pakistan issues \u2018Letter of Intent\u2019 to IMF for second tranche approval – Pakistan Observer"},"content":{"rendered":"
\n

ISLAMABAD \u2013 Caretaker Finance Minister Dr. Shamshad Akhtar and State Bank have jointly issued a Letter of Intent to the International Monetary Fund (IMF) for approval of second tranche worth $70 million.<\/p>\n

Pakistan through the letter expressed commitment to fulfill all the decided conditions for the second tranche, saying that<\/p>\n

This letter underscores Pakistan\u2019s commitment to fulfilling all stipulated conditions, seeking approval for the disbursement of the second tranche, totaling $70 million.<\/p>\n

The Executive Board of the IMF has acknowledged receipt of Pakistan\u2019s request and is set to conduct a comprehensive review.<\/p>\n

Conditional upon the successful completion of the review, the disbursement of the second tranche under the Stand-By Program is scheduled for January 11, 2024.<\/p>\n

The approval is expected to be granted during a session convened in Washington D.C. on the same date.<\/p>\n

Alongside the development, Pakistani authorities have reiterated their dedication to adopting a market-based exchange rate for the dollar, aiming to achieve the program\u2019s objectives in fortifying financial stability.<\/p>\n

An official confirmed that the signed Letter of Intent, detailing Pakistan\u2019s request for the $70 million disbursement, would be presented to the IMF Board of Directors.<\/p>\n

The Board is slated to deliberate on this request during an upcoming meeting.<\/p>\n

Given the holiday season in the United States, with Christmas and New Year celebrations, the IMF Board has efficiently scheduled a meeting on January 11, 2024.<\/p>\n

During this session, the Board would scrutinize and discuss Pakistan\u2019s request, marking a crucial step in the ongoing economic collaboration between Pakistan and the IMF.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD \u2013 Caretaker Finance Minister Dr. Shamshad Akhtar and State Bank have jointly issued a Letter of Intent to the International Monetary Fund (IMF) for approval of second tranche worth $70 million. Pakistan through the letter expressed commitment to fulfill all the decided conditions for the second tranche, saying that This letter underscores Pakistan\u2019s commitment […]<\/p>\n","protected":false},"author":2,"featured_media":42894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/pakobserver.net\/wp-content\/uploads\/2024\/01\/IMF-and-Pakistan.jpg","fifu_image_alt":"","footnotes":""},"categories":[192],"tags":[],"class_list":["post-42893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-islamabad-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/42893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=42893"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/42893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/42894"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=42893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=42893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=42893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}