Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Moody’s Warns Pakistan on IMF Negotiations & Fiscal Challenges
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
"Moody's report on Pakistan", "IMF negotiations with Pakistan", "Pakistan's fiscal year 2023-24 budget", "Pakistan's debt repayment", "Pakistan's economic future."
PhotoNews Pakistan > Pakistan > Moody’s Warns Pakistan on IMF Negotiations & Fiscal Challenges
PakistanTop News

Moody’s Warns Pakistan on IMF Negotiations & Fiscal Challenges

Web Desk
By Web Desk Published June 16, 2023 2 Min Read
Share
Pakistan's flag and Moody's Emblem.
SHARE

Moody’s Investors Service has expressed concern that Pakistan’s prospects for securing loans from bilateral and multilateral partners could be severely limited until a new agreement with the International Monetary Fund (IMF) is reached.

The credit firm suggests that the determination of whether Pakistan will engage in another IMF program may only become clear after the elections due in October 2023, emphasizing that any future negotiations would require time without guaranteed success.

Moody has cautioned that Pakistan is unlikely to afford market financing from Eurobonds or commercial banks in the foreseeable future. In fiscal 2023, the government fell significantly short of its target, issuing no Eurobonds and accumulating only Rs521 billion ($2.8 billion) from commercial banks.

Pakistan’s external debt repayment is set to remain high over the next few years, with repayments amounting to about $25 billion due in fiscal 2024. Meanwhile, the foreign exchange reserves remain critically low, at $3.9 billion as of June 2.

Moody expressed concern about Pakistan’s external funding prospects for fiscal 2024 and beyond, emphasizing the lack of certainty around securing the budgeted $2.4 billion from the IMF.

Moody noted that Pakistan’s newly announced fiscal year 2023-24 budget lacks substantial revenue-raising or spending-containment measures to alleviate intense government liquidity pressures. Given the economic stresses, especially those due to severe floods in August 2022, the agency considers the deficit estimates and growth projections optimistic.

Despite the challenges, the budget provides various relief measures for households and businesses. However, the fiscal 2024 tax revenue target of Rs9.2 trillion, marking a 28% increase from an estimated Rs7.2 trillion in fiscal 2023, relies primarily on the assumption of high nominal GDP growth—an assumption Moody’s sees significant downside risks to in the current scenario.

TAGGED:FeaturedPakistan GDP
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Australia West Indies T20

Australia Secures 5-0 T20 Series Sweep Against West Indies

Death Stranding age verification bypass

Death Stranding Photo Mode Bypasses UK Age Verification Systems

Harvard international student certification

Harvard Agrees to Potential $500 Million Settlement With Trump Administration

Post Archives

More Popular from Photonews

Offbeat

Hatti Tribe Brothers Marry Same Woman in Traditional Ceremony

2 Min Read
MLB Ryne Sandberg death
Sports

Ryne Sandberg, Hall of Fame Cubs Star, Dies at 65 After Cancer Battle

4 Min Read
Sydney Sweeney American Eagle controversy
Entertainment

Sydney Sweeney’s American Eagle Ad Sparks Controversy Over “Good Genes” Line

3 Min Read
Sports

Manny Pacquiao Plans December 2025 Fight, Eyes Romero or Garcia

Manny Pacquiao, approaching his 47th birthday, remains focused despite a loss to Mario Barrios on July…

July 27, 2025
Tech

WhatsApp Tests Profile Photo Import from Facebook and Instagram

WhatsApp is reportedly testing a new feature for its Android app that enables users to import…

July 28, 2025
Punjab

Pakistan Election Commission Disqualifies PTI Pubjab MPAs

On July 28, 2025, the Election Commission of Pakistan (ECP) disqualified two prominent lawmakers of the…

July 29, 2025
Top NewsWorld

France to Recognize Palestinian State at UN in September 2025

French President Emmanuel Macron announced that France will formally recognise a Palestinian state during the UN…

July 25, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?