Search For "bailout"
China offers bailout package to Pakistan, refuses to defer loan repayments
Updated : 3 years, 2 months ago IST
Both Sri Lanka and Pakistan are caught in China's debt track but while China has offered a bailout package to Pakistan, it has refused to defer loan repayments of Sri Lanka, True Ceylon News reported.
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China acts as impediment to Sri Lanka's IMF deal
Updated : 3 years, 3 months ago IST
Debt restructuring is one of the prerequisites of the IMF's bailout package for Sri Lanka. The process is, however, getting delayed due to Sri Lanka's dire situation and a delay in concrete commitment from China, the island nation's largest bilateral lender. Sri Lanka seems to be missing its
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Credit agency Fitch downgrades Pakistan to CCC+ from B-
Updated : 3 years, 4 months ago IST
Islamabad [Pakistan], October 21 (ANI): Fitch Ratings on Friday downgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC+' from 'B-' amid country's political volatility and deteriorating economy.
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Pak FM Dar urges IMF to modify its policy support amid catastrophic floods
Updated : 3 years, 5 months ago IST
Washington [US], October 17 (ANI): Pakistan Finance Minister Ishaq Dar on Sunday urged the International Monetary Fund (IMF) and multilateral donors to modify its policy support amid catastrophic floods.
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Pakistan's love-hate relationship with IMF continues amid economic woes
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 1 (ANI): Governments may come and go, but Pakistan's economic woes - and its love and hate relationship with the International Monetary Fund (IMF) - remain constant.
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Emergency loans from financial bodies not to solve Pakistan's woes, need t
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 23 (ANI): Pakistan needs an overhaul of economic policy as the country is facing its worst ever floods in history accompanied by a huge resource gap despite getting emergency loans from global financial bodies for the reconstruction.
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Imran Khan flips on Pak Army chief tenure, suggests to extend his term til
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 13 (ANI): In a change of stance, former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Monday suggested that Chief of the Army Staff (COAS) General Qamar Javed Bajwa's tenure should be "extended till elections."
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IMF bailout discussion on Sri Lanka debt restructuring still on lower pede
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
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IPEF to encourage Pakistan to "decouple" from Chinese market: Report
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 10 (ANI): The Indo-Pacific Economic Framework (IPEF) can change the economic dynamics of the Asia-Pacific region, especially Pakistan as the group is ostensibly created to encourage regional economies to "decouple" from the Chinese market by providing them alt
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Pakistan in severe liquidity crunch amid ravaging floods
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 10 (ANI): Pakistan's macroeconomic vulnerabilities are not going anywhere as the country is reeling under a severe dollar liquidity crunch while the recent flash floods have aggravated.
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London-based activist lambasts Imran Khan over new anti-Pakistani army sta
Updated : 3 years, 6 months ago IST
London [UK], September 8 (ANI): London-based rights activist Shaukat Ali Kashmiri raised concern over Pakistan's socio-economic and political situation and lambasted former Pakistani Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan for his close association with the Pakista
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China may disagree with Western creditors on Sri Lanka's debt restructurin
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 5 (ANI): China, Colombo's largest bilateral lender may disagree with Western creditors on Sri Lanka's debt restructuring.
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