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Pakistan to seek fresh IMF bailout package of over USD 8 billion
Updated : 1 year, 12 months ago IST
The country is expected to seek a fresh IMF bailout package of over USD 8 billion with the possibility of augmentation through climate finance on the occasion of upcoming spring meetings of Breton Wood Institutions, known as the IMF/World Bank, scheduled to be held in Washington, DC, from Ap
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Row erupts over Pakistan former PM Imran Khan's letter to IMF over 'poll a
Updated : 2 years ago IST
Senators from two sides of political aisle sparred over Pakistan Tehreek-e-Insaaf (PTI) founder Imran Khan's letter to the International Monetary Fund (IMF) linking release of next tranche of bailout package with 'audit' of February 8 elections, Dawn reported.
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Pakistan Tehreek-e-Insaf urges IMF to audit Feb 8 elections before talks w
Updated : 2 years ago IST
While addressing a press conference in Islamabad on Wednesday, PTI leaders Barrister Gohar Ali Khan, Omar Ayub, Meher Bano Qureshi, and Muzammil Aslam have revealed details regarding PTI's letter to IMF.
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Pakistan seeks USD600 million from Chinese banks amid IMF bailout negotiat
Updated : 2 years, 4 months ago IST
The Pakistani government is actively engaged in discussions with the Industrial and Commercial Bank of China (ICBC) and the Bank of China, seeking a combined loan of USD 600 million.
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Foreign ministry rejects report of Pakistani arms sale to Ukraine to secur
Updated : 2 years, 5 months ago IST
Pakistan's Foreign Ministry dismissed a report claiming that the country sold its weapons to Ukraine to secure an emergency bailout package from the International Monetary Fund (IMF).
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Pak airline seeks USD 75 million as bailout package from interim govt
Updated : 2 years, 6 months ago IST
The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency (approx. 75 million USD) from the government to continue its services amid the huge debt burden.
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Pakistan: Local transporters raise fare after hike in fuel price
Updated : 2 years, 7 months ago IST
Following the increase in fuel prices, local transport companies unilaterally increased fares by up to 20 per cent without consulting the authorities, reported ARY News.
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Pakistan facing "exceptionally high" economic risks, says IMF
Updated : 2 years, 7 months ago IST
The lender insists that one more IMF program will be necessary to solve structural issues. The government has agreed to notify the public as soon as electricity rates increase by 5 Pakistan Rupees (PKR) per unit and gas prices increase by more than 40%, according to the report. This is becau
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IMF expresses concerns over Pakistan's poor track record
Updated : 2 years, 8 months ago IST
The IMF Executive Director Bahador Bijani on behalf of the board has conveyed the message to Pakistan's Finance Minister Ishaq Dar through a virtual contact on Thursday.
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IMF gives approval for USD 3 billion stand-by arrangement for Pakistan
Updated : 2 years, 8 months ago IST
The IMF's announcement on Wednesday came after Pakistan Finance Minister Ishaq Dar said that Pakistan received USD 1 billion from the UAE as part of its financial commitment to help Pakistan receive the IMF bailout package.
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Pakistan: Talks in progress to 'quickly reach agreement on financial suppo
Updated : 2 years, 8 months ago IST
Ahead of the economic meltdown in Pakistan, International Monetary Fund's Mission Chief to Pakistan, Nathan Porter has said that discussions with Pakistani authorities are underway "with the aim of quickly reaching an agreement on financial support from the IMF", reported Geo TV.
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Sri Lanka Parliament to hold special session on Saturday to discuss debt r
Updated : 2 years, 8 months ago IST
In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a special weekend session will be held this week, Dailymirror reported.
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