• Web
  • Humsa
  • Videos
  • Forum
  • Q2A
rabia shakeel : meri dua hai K is bar imran khan app is mulk k hukmaran hun To: suman(sialkot) 5 years ago
maqsood : hi how r u. To: hamza(lahore) 5 years ago
alisyed : hi frinds 5 years ago
nasir : hi To: wajahat(karachi) 5 years ago
khadam hussain : aslamoalikum pakistan zinsabad To: facebook friends(all pakistan) 5 years ago
Asif Ali : Asalaam O Aliakum . To: Khurshed Ahmed(Kashmore) 5 years ago
khurshedahmed : are you fine To: afaque(kashmore) 5 years ago
mannan : i love all To: nain(arifwala) 5 years ago
Ubaid Raza : kya haal hai janab. To: Raza(Wah) 5 years ago
qaisa manzoor : jnab AoA to all 5 years ago
Atif : Pakistan Zinda bad To: Shehnaz(BAHAWALPUR) 5 years ago
khalid : kia website hai jahan per sab kuch To: sidra(wazraabad) 5 years ago
Waqas Hashmi : Hi Its Me Waqas Hashmi F4m Matli This Website Is Owsome And Kois Shak Nahi Humsa Jaise Koi Nahi To: Mansoor Baloch(Matli) 5 years ago
Gul faraz : this is very good web site where all those channels are avaiable which are not on other sites.Realy good. I want to do i..... 5 years ago
shahid bashir : Mein aap sab kay liye dua'go hon. 5 years ago
mansoor ahmad : very good streming 5 years ago
Dr.Hassan : WISH YOU HAPPY HEALTHY LIFE To: atif(karachi) 5 years ago
ishtiaque ahmed : best channel humsa live tv To: umair ahmed(k.g.muhammad) 5 years ago
Rizwan : Best Streaming Of Live Channels. Good Work Site Admin 5 years ago
$520m to be repaid to IMF next month
Source: The Nation | 29-01-2013

Pakistan’s foreign exchange reserves would further deplete in next month, as Islamabad would repay $520 million to the International Monetary Fund (IMF) under the standby arrangement programme (SBA) in February 2013, it was learnt on Monday.Pakistan has repaid $2.52 billion to the IMF in seventh installments since February 2012 under SBA. Sources said that Islamabad would repay the eighth installment worth $520 million to the IMF in February 2013 that would further reduce the country’s foreign exchange reserves, which are already under severe pressure. Sources said that Pakistan would repay $140 million on February 14 and $380 million on February 26, making total repayment of $520 million in a month.


Country’s foreign exchange reserves would come under pressure after repaying $520 million to IMF. Foreign exchange reserves of the country dropped to $13.705 billion in the week ending January 18 from $13.782 billion in the previous week, the central bank data revealed. Reserves held by the State Bank of Pakistan (SBP) fell to $8.809 billion from $8.951 billion a week earlier, while those held by commercial banks climbed to $4.896 billion from $4.831 billion.
However, sources believed that country’s foreign exchange reserves would further deplete in the remaining months of the ongoing financial year 2012-2013, as Pakistan has to repay $ 1.7 billion before June 30 2013.


Despite receiving around $2 billion from United States under coalition support fund (CSF), country’s reserves are sharply depleting. While Pakistan is not expecting to receive any foreign inflow of worth $2.1 billion under various heads during the ongoing fiscal year that could build the reserves. The government has budgeted non-tax collection around $2.1 billion for the ongoing financial year 2012-2013. The government has projected to receive $850 million by auctioning 3G licenses, disbursement of $800 million by Etisalat for privatisation of PTCL and $500 million by introducing Eurobond in the budget 2012-2013. However, with half year gone, there are clear indications that non-tax revenue of $1.6 billion on account of Etisalat and auction of 3G spectrum and introduction of Eurobond would not materialise in the current fiscal year.

Government of Pakistan is repaying the loan, $7.6 billion, taken in 2008 under the standby arrangement programme (SBA), which was increased to $11.3 billion but the country was not eligible for the last two disbursements of $3.2 billion due to failure to comply with the performance criteria. The government failed to bring reforms in General Sales Tax (GST) and power sector, which became the reason in suspending the programme.
Source said that in the next financial year Islamabad would have to repay $3.4 billion to the IMF. Hence, Pakistan would have no option but to seek a fresh bailout package from the IMF to remove the possibility of default. 



Related News
Source: The Nation | 24-01-2013
KSE gains 14.58 points on foreign interest  Stocks closed higher amid higher trades in the earnings announcements session at KSE on strong valuations.At local equity market benchmark KSE-100 share index added 14.58 points or 0.09 percent to close the day at 16,908.67 points as compared to 16,894.09 points of the previous day. Equity dealer at Topline Securities Samar Iqbal said mixed activity..... Read more
Source: Geo News | 28-07-2013
 Siemens boss Peter Loescher to go after poor results BERLIN: German engineering giant Siemens announced late Saturday that chief executive Peter Loescher was to be fired after failing to get the company back on track. In a brief statement, the company said it would "decide on the early departure of the President and CEO" and the appointment of his replacement at a meeting Wednesday. The comp..... Read more
Source: Dunya News | 24-04-2014
Euro zone April business activity nears 3-year high  Euro zone business activity hit a near three-year high in April as a modest economic recovery gained momentum and began creating much-needed jobs, a closely watched survey showed on Wednesday. Market Economics said its Euro zone Composite Purchasing Managers Index (PMI) for April, a leading indicator of overall economic activity, jumped to 54 points f..... Read more
Latest News
Source: Dunya News | 06-05-2014
Source: Dunya News | 06-05-2014
Source: Dunya News | 05-05-2014
Source: Dunya News | 05-05-2014