Search For "bailout"
Pak economics woes continue as gas prices likely to rise by 45 per cent am
Updated : 2 years, 7 months ago IST
Even though Pakistan has been able to secure an International Monetary Fund (IMF) bailout, the road ahead is not going to be easy, as after electricity rates, Islamabad is planning to jack up gas prices as well by over 45 per cent in line with IMF's demand
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Pakistan has to repay USD 2.44bn external debt in July 2023
Updated : 2 years, 7 months ago IST
According to official information made accessible to The News, Pakistan must pay back the Kingdom of Saudi Arabia USD 195 million for the current month. According to The News International, Pakistan is required to repay China around USD 363 million in guaranteed bilateral loans, including
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Despite IMF's bailout, Pakistan still in economic crisis
Updated : 2 years, 7 months ago IST
After the International Monetary Fund (IMF) approved a 9-month stand-by-arrangement (SBA) of USD 3 billion, Pakistan has received sight of relief but it needs to realise that the country has to do everything to increase tax revenue so that it can come out of the economic crisis.
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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 secures IMF bailout through US assistance: Report
Updated : 2 years, 8 months ago IST
Although, Pakistan was able to secure a bailout from the International Monetary Fund (IMD), it was after the key "behind-the-scenes" role played by United States, that the deal was secured.
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IMF bailout will help strengthen Pakistan's foreign exchange reserves: PM
Updated : 2 years, 8 months ago IST
After Pakistan signed a staff-level agreement on a "standby arrangement" for nine months, contributing to Pakistan's economic stability, Prime Minister Shehbaz Sharif expressed his appreciation on Friday, ARY News reported.
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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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Time is running out for Pakistan to convince IMF to release loan
Updated : 2 years, 9 months ago IST
Time is running out for Pakistan to convince the International Monetary Fund to release USD 2.2 billion from its bailout programme before June 30.
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Pak Minister hints at settling issues for stalled IMF bailout, promises "r
Updated : 2 years, 9 months ago IST
"We are following the programme in earnest at this stage and strongly hope that issues with the IMF would be settled very soon as the prime minister, the Ministry of Finance and the entire government were committed to the IMF programme and its amicable completion," said Minister of State for
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