Search For "bailout"
IMF support team arrives in Pakistan to discuss new loan programme
Updated : 1 year, 10 months ago IST
An International Monetary Fund (IMF) team arrived in Pakistan on Friday, to hold talks as they requested a longer and larger size of bailout package under the Extended Fund Facility (EFF), reported Geo News.
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Pakistan struggles with soaring inflation and widening wage disparities
Updated : 1 year, 10 months ago IST
The government's decision to devalue the currency by over 50 per cent within a year and eliminate subsidies as part of the latest instalment of the International Monetary Fund bailout package has exacerbated the nation's cost-of-living crisis.
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IMF approves final USD 1.1 bn tranche for Pakistan's bailout package
Updated : 1 year, 10 months ago IST
This latest funding marks the third and final installment of a USD 3 billion standby arrangement with the IMF, crucial for Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month.
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Pak PM Shehbaz Sharif discusses new bailout package with IMF chief in Riya
Updated : 1 year, 10 months ago IST
As the country continues to battle a crippling economy, Pakistan Prime Minister Shehbaz Sharif discussed the new bailout package with the International Monetary Fund (IMF) chief Georgieva on the sidelines of the World Economic Forum Special Meeting in Riyadh, Geo News reported.
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Former Pakistan PM Shahid Khaqan Abbasi says govt's decision to seek bailo
Updated : 1 year, 10 months ago IST
He said that people often ask about relief in the annual budget. However, governments starts borrowing for everything.
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Pakistan to formally approach IMF for fresh bailout package in upcoming an
Updated : 1 year, 11 months ago IST
Pakistan has decided to formally approach the global lender, the International Monetary Fund (IMF) for the medium-term Extended Fund Facility (EFF) during the upcoming annual spring meetings of the Bretton Wood Institutions (BWIs).
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World Bank asks Pakistan to adopt National Fiscal Policy amid bailout talk
Updated : 1 year, 11 months ago IST
This is now expected to be made part of the next International Monetary Fund programme that Pakistan Finance Minister Muhammad Aurangzeb will be discussing with the lender next week in Washington on the sidelines of World Bank-IMF spring meetings, Dawn reported.
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IMF ready to "engage" with Pakistan on fresh bailout in "coming months"
Updated : 1 year, 11 months ago IST
The International Monetary Fund (IMF) said that they are ready to "engage" with Pakistan on a fresh bailout in the "coming months" to help the country resolve "fiscal and external stability challenges," reported Geo News.
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Pak: International Monetary Fund proposes reviving 18 pc tax on petrol ami
Updated : 1 year, 11 months ago IST
The IMF has proposed increasing the levy on petrol by Pakistani currency (PKR) 60 and reinstating the 18 per cent GST previously abolished in March 2022.
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Pakistan needs another IMF bailout, says PM Shehbaz Sharif amid economic w
Updated : 1 year, 11 months ago IST
Pakistan Prime Minister Shehbaz Sharif said on Thursday that the financially beleaguered nation needed another long-term bailout from the International Monetary Fund (IMF) to stabilise its fragile economy, ARY News reported.
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Pakistan seeks 24th bailout package from IMF as country faces prolonged fi
Updated : 1 year, 11 months ago IST
The International Monetary Fund confirmed that Pakistan was seeking a 24th medium-term bailout package for a permanent push towards longstanding structural reforms, reported Dawn.
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Pakistan, IMF reach staff-level agreement on final review of USD 3 billion
Updated : 1 year, 12 months ago IST
The International Monetary Fund (IMF) reached a staff-level agreement with Pakistan on Wednesday, on the final review of a USD 3 billion bailout, paving the way for the nation to receive the last tranche of USD 1.1 billion after approval from the Fund's Executive Board, reported Dawn.
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