Latest news with #Binici
Express Tribune
14-07-2025
- Business
- Express Tribune
IMF sees growth ahead for Pakistan
IMF Pakistan's Representative Mahir Binici (left) at the Sustainable Development Policy Institute in Islamabad on July 13, 2025. Photo: APP Listen to article A senior International Monetary Fund (IMF) official said on Sunday that growth across the Middle East, North Africa (MENA) region and Pakistan was expected to strengthen in 2025 and beyond, despite "exceptional uncertainty" that could weigh on the global economic outlook. In a comprehensive guest lecture at the Sustainable Development Policy Institute (SDPI), IMF Resident Representative for Pakistan Mahir Binici, cautioned against elevated trade tensions, geopolitical fragmentation and weakening global cooperation. Binici, according to a press release issued here, reaffirmed the continued IMF support for Pakistan's economic and climate reform agenda and underlined the urgent need for prudent and forward-looking policy actions. Focusing on Pakistan, Binici noted that the country's performance under the IMF's Extended Fund Facility (EFF) had been "strong so far," adding that the successful completion of the first review by the IMF Executive Board in May 2025 was a key milestone. Binici emphasised that structural reforms remained central to Pakistan's long-term economic sustainability, particularly reforms that strengthened tax equity, improve business climate, and encourage private-sector-led investment. "Early policy measures have helped restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges," he said. He also highlighted Pakistan's progress on climate-related reforms under the IMF's Resilience and Sustainability Facility (RSF). He said that key areas of reform under the RSF included enhancing public investment planning, promoting efficient and sustainable use of water resources, improving institutional coordination for disaster preparedness and financing, expanding availability and transparency of climate-related data. The press released said that Binici stressed that the support through "the RSF will not only strengthen Pakistan's climate resilience but also help unlock green investments and foster a more climate-conscious economic trajectory." The lecture was followed by a discussion on fiscal and monetary policy frameworks, external buffers, and the role of international institutions. Earlier, SDPI Executive Director Dr Abid Qaiyum Suleri dilated on multilateral cooperation in Pakistan's journey toward sustainable development. (WITH INPUT FROM APP)
Business Recorder
14-07-2025
- Business
- Business Recorder
IMF reaffirms support to reform agenda
ISLAMABAD: International Monetary Fund's (IMF) Resident Representative for Pakistan, Mahir Binici in his comprehensive guest lecture at the Sustainable Development Policy Institute (SDPI), shed light on the evolving economic landscape across the MENA region and Pakistan, and reaffirming the Fund's continued support for Pakistan's economic and climate reform agenda. Addressing economists, researchers, and policy experts at SDPI, Binici stated that growth across the Middle East, North Africa (MENA) region, and Pakistan is expected to strengthen in 2025 and beyond. However, he cautioned that 'elevated trade tensions, geopolitical fragmentation, and weakening global cooperation continue to generate exceptional uncertainty and weigh on the global economic outlook,' underlining the urgent need for prudent and forward-looking policy actions. Aurangzeb says IMF case approved 'on merit' despite disruption attempts Focusing on Pakistan, Binici noted that the country's performance under the IMF's Extended Fund Facility (EFF) has been 'strong so far,' adding that the successful completion of the first review by the IMF Executive Board in May 2025 was a key milestone. 'Early policy measures have helped restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges,' Binici remarked. He emphasized that structural reforms remain central to Pakistan's long-term economic sustainability, particularly reforms that strengthen tax equity, improve the business climate, and encourage private-sector-led investment. He also spotlighted Pakistan's progress on climate-related reforms under the IMF's Resilience and Sustainability Facility (RSF). According to Binici, the RSF is designed to help countries like Pakistan bolster resilience to climate-related vulnerabilities and meet international climate commitments. He mentioned that the key areas of reform under the RSF included enhancing public investment planning, promoting efficient and sustainable use of water resources, improving institutional coordination for disaster preparedness and financing, expanding the availability and transparency of climate-related data. Binici stressed that 'support through the RSF will not only strengthen Pakistan's climate resilience but also help unlock green investments and foster a more climate-conscious economic trajectory.' Dr Abid Qaiyum Suleri, Executive Director SDPI welcomed the IMF representative's outreach, noting the importance of informed economic dialogue and multilateral cooperation in Pakistan's journey toward sustainable development. The lecture concluded with an interactive discussion on fiscal and monetary policy frameworks, external buffers, and the role of international institutions in fostering inclusive growth. Copyright Business Recorder, 2025
Express Tribune
13-07-2025
- Business
- Express Tribune
IMF representative calls Pakistan's EFF performance 'strong'
IMF Pakistan's Representative Mahir Binici (left) at the Sustainable Development Policy Institute in Islamabad on July 13, 2025. Photo: APP The International Monetary Fund (IMF) has expressed satisfaction with Pakistan's economic progress, as its Resident Representative Mahir Binici described the country's performance under the Extended Fund Facility (EFF) as 'strong so far', Pakistan Television reported. 'Early policy measures have helped restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges,' he said. Speaking during a guest lecture at the Sustainable Development Policy Institute (SDPI) on Sunday, Binici cited the successful completion of the first EFF review by the IMF Executive Board in May 2025 as a key milestone. Read More: Pakistan receives second IMF tranche of $1.02b Binici emphasised the importance of sustained structural reforms for Pakistan's long-term economic sustainability, especially in strengthening tax equity, improving the business environment, and encouraging private-sector-led investment. He noted that growth across the region is projected to strengthen in 2025 and beyond, but warned that geopolitical tensions, trade disruptions, and declining global cooperation continue to weigh on recovery efforts. The International Monetary Fund's Resident Representative for Pakistan, Mahir Binici has reaffirmed continued support for Pakistan's economic and climate reform agenda@IMFNews #RadioPakistan #News — Radio Pakistan (@RadioPakistan) July 13, 2025 Turning to climate resilience, Binici lauded Pakistan's efforts under the IMF's Resilience and Sustainability Facility (RSF), which supports countries addressing climate risks and meeting global environmental goals. Key RSF reforms for Pakistan include better public investment planning, efficient water resource management, disaster preparedness, and improved climate data infrastructure. 'Support through the RSF will not only strengthen Pakistan's climate resilience but also help unlock green investments and foster a more climate-conscious economic trajectory,' Binici said. SDPI Executive Director Dr Abid Qaiyum Suleri welcomed the IMF's ongoing engagement and highlighted the importance of dialogue and multilateral cooperation in promoting sustainable growth. Also Read: Delhi kisses the dust as IMF approves $2.4b Pakistan loan The session concluded with a policy discussion on fiscal and monetary frameworks, external financing buffers, and the evolving role of international institutions in supporting inclusive economic development. About 3 months ago, the IMF team had reached a staff-level agreement with the Pakistani authorities on the first review of the 37-month Extended Arrangement under the EFF, and on a new 28-month arrangement under the IMF's Resilience and Sustainability Facility (RSF) with total access over the 28 months of around $1.3 billion. Pakistan would continue fiscal consolidation to reduce public debt while creating space for social and development spending and reducing crowding out of private investment. Pakistan will also refrain from increasing current spending beyond that budgeted, indicating that no supplementary grants can be issued. The IMF's new climate facility is meant to scale up climate reform efforts to reduce vulnerabilities to natural disaster risks and to build climate resilience. In return for the loan, Pakistan has committed to strengthen public investment processes across all levels of government to prioritize projects that enhance disaster resilience, said Porter. The government will also improve the efficiency of scarce water resource usage, including through better pricing mechanisms, he added. Also Read: IMF approves $7 billion EFF programme for Pakistan It will enhance intergovernmental coordination on disaster financing; improve information architecture and disclosure of financial and corporate climate-related risks; and promote green mobility to mitigate significant pollution and adverse health impacts, said the IMF.
Business Recorder
13-07-2025
- Business
- Business Recorder
IMF lauds Pakistan's ‘strong' economic reform progress
International Monetary Fund (IMF)'s Resident Representative for Pakistan Mahir Binici has reaffirmed continued support for Pakistan's economic and climate reform agenda, while appreciating the South Asian country's strong economic reform progress. Addressing economists, researchers and policy experts at Sustainable Development Policy Institute in Islamabad, Binici said the growth across the Middle East and Pakistan is expected to strengthen in 2025 and beyond. He, however, underlined urgent need for prudent and forward-looking policy actions. Focusing on Pakistan, the IMF official said the country's performance under the IMF's Extended Fund Facility has been strong so far. He said early policy measures have helped restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges. Binici also highlighted Pakistan's progress on climate-related reforms under the IMF's Resilience and Sustainability Facility.
Time of India
13-07-2025
- Business
- Time of India
‘Strong so far': IMF on Pakistan's reforms; first review of $7 billion loan approved
Pakistan's economic performance under the International Monetary Fund's (IMF) $7 billion loan programme has been 'strong so far', according to Mahir Binici, the IMF's Resident Representative for Pakistan, reported PTI. Speaking at a lecture hosted by the Sustainable Development Policy Institute (SDPI) in Islamabad on Sunday, Binici said Pakistan's first review under the three-year Extended Fund Facility (EFF), approved in July 2024, was successfully completed by the IMF Executive Board in May. The EFF aims to cement macroeconomic stability and lay the groundwork for 'stronger, more inclusive and resilient growth,' he said. So far, Pakistan has received two instalments under the programme, with the government implementing agreed policy measures aimed at fiscal discipline and investor confidence. 'Early policy measures have helped restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges,' Binici noted. He stressed the importance of structural reforms to ensure long-term economic sustainability, including strengthening tax equity, improving the business climate, and encouraging private-sector-led investment. Binici also welcomed Pakistan's commitment to climate-related reforms under the $1.3 billion Resilience and Sustainability Facility (RSF), approved in March. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo The RSF supports projects focused on disaster preparedness, efficient water use, green investments, and better climate data transparency. 'Support through the RSF will not only strengthen Pakistan's climate resilience but also help unlock green investments and foster a more climate-conscious economic trajectory,' he said. On regional prospects, Binici said economic growth in the Middle East and North Africa (MENA) region, including Pakistan, was expected to improve in 2025 and beyond. However, he warned that global economic uncertainty remains high due to trade tensions, geopolitical fragmentation, and weakening cooperation.
