Search For "bailout"
Pak: Imran's dual standards over Army's role in economic policies
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 1 (ANI): Pakistan's former Prime Minister Imran Khan condemned Army chief Qamar Bajwa for requesting the US for an IMF bailout, however, it is contradictory to Khan's own stance where during his tenure his own party allowed Army's involvement in the country's eco
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Pakistan's cabinet okays ordinance to sell assets to prevent country from
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 24 (ANI): Pakistan's cabinet has approved an ordinance to bypass all the procedures for selling assets to foreign countries in order to prevent the country from defaulting.
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Finland, Germany agree to Uniper bailout deal
Updated : 3 years, 7 months ago IST
Berlin [Germany], July 22 (ANI/Xinhua): Uniper, its Finnish parent company Fortum and the German government agreed on Friday to a bailout deal for the German gas importer that is hard hit by soaring prices and dwindling supplies.
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Fitch downgrades Pakistan's outlook from stable to negative
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 19 (ANI): Amid renewed political volatility, the Fitch Ratings agency on Tuesday downgraded Pakistan's outlook from stable to negative.
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Pakistan's external debt servicing rises to USD 10.886 billion
Updated : 3 years, 8 months ago IST
Karachi [Pakistan], July 13 (ANI): Pakistan's external debt servicing rose to USD 10.886 billion in the first three quarters of 2021-22 compared to USD 13.38bn in the entire FY21.
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Pakistan's foreign policy at a crossroads: ASPI
Updated : 3 years, 8 months ago IST
Canberra [Australia], July 13 (ANI): Pakistan's foreign policy is in disarray as no country has come to offer it extraordinary support amid rising inflation and a balance-of-payments crisis.
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Prolonged Russia-Ukraine conflict to intensify Pakistan's economic woes
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 12 (ANI): Pakistan, which is reeling under high inflation, sliding forex reserves, widening current account deficit and depreciating currency, is bracing for the worst economic woes due to the prolonged Russia-Ukraine conflict.
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No loan from IMF despite Pakistan 'dancing to its tune', says Interior Min
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 11 (ANI): Pakistan's Interior Minister Rana Sanaullah on Sunday said that the International Monetary Fund (IMF) had not released the tranche for the USD 6 billion bailout package under its extended fund facility, even though it had made the country "dance to its
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UAE offers to buy minority shares in Pakistan's government companies
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 28 (ANI): The United Arab Emirates (UAE) on Tuesday offered to buy Pakistan's minority shares in publicly-listed government-owned companies at a negotiated price along with a seat on each of the firm's boards.
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Pakistan in catch-22 situation on IMF, CPEC: Report
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 14 (ANI): Amid the political instability and debt payments for power plants coming up under the China-Pakistan Economic Corridor (CPEC), IMF's threat to delay the release of the USD 3 billion bailouts from six billion has pushed the Islamabad into an economic crisi
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Credit rating agency Moody's downgrades Pakistan outlook to 'negative'
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 4 (ANI): The New York-based credit rating agency Moody's Investor Service downgraded Pakistan's outlook to negative from stable amid a delay in a deal with the International Monetary Fund (IMF) for an economic bailout.
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'Cash payout for political optics': KP Minister takes jibe on Pakistan PM'
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], May 28 (ANI): After Pakistani Prime Minister Shehbaz Sharif announced a new relief package of Rs 28 billion per month "to protect the poor from the burden of petrol and diesel price hike", Kyber Pakhtunkhwa Finance Minister, Khyber Taimur Khan Jhagra while raising quest
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