Search For "bailout"
Pakistan's inflation to rise to 29.5pc in FY23: World Bank
Updated : 2 years, 11 months ago IST
The World Bank has warned that Pakistan's inflation is projected to further rise to 29.5 per cent in the fiscal year 2023 due to higher energy and food prices and the weaker Rupee, Dawn reported.
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India plays key role in IMF's clearance of 48-month EFF worth USD 2.9 bill
Updated : 2 years, 11 months ago IST
India earnestly supported Sri Lanka in this arduous journey of mobilizing IMF support amid a serious foreign exchange crisis and consequent harsh economic conditions.
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Mounting losses, piling debt crippling Pakistan International Airlines: Re
Updated : 2 years, 11 months ago IST
Recently, a Pakistan News outlet ARY News stated that PIA has tax debts amounting to over Rs 400 billion (USD 1.4 billion). The carrier had also recently asked for a government bailout to the tune of Rs 45 billion (USD 157 million).
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Pakistan economic crisis continues as IMF bailout not in sight, Saudi Arab
Updated : 2 years, 11 months ago IST
"There is a very slim chance that Pakistan may be able to win Saudi Arabian support for the resumption of its IMF programme, but if it does, this will be a temporary respite," analyst Mosharraf Zaidi wrote in The News International last week. Saudi under Crown Prince, Prince Mohammed bin Sa
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World Bank reduces Pakistan's growth forecast to 0.4 per cent
Updated : 2 years, 11 months ago IST
Increasing interest rates and uncertainty in financial markets have further enhanced pressure on Pakistan's economy, with future economic prospects heavily reliant on structural reform.
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Pakistan's debt sustainability indicators worsen, public debt rose signifi
Updated : 2 years, 11 months ago IST
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.
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Mayhem in Pakistan amid rising inflation, cost-of-living
Updated : 2 years, 11 months ago IST
The lack of coordinated fiscal and monetary policy responses, coupled with the complete inability of the central bank to keep inflation within the target range has led to a scenario where the country is on the verge of a hyperinflationary cycle.
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Pakistan's inflation soars to 35.4 per cent in March, highest since 1965
Updated : 2 years, 11 months ago IST
Pakistan's year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
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Pakistan waiting for China's decision on its request for rollover of loan
Updated : 2 years, 11 months ago IST
Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of imports at a time when it is seeking a $1.1 billion IMF bailout tranche.
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Pakistan: SBP forex reserves sink to a month's worth of import cover
Updated : 2 years, 11 months ago IST
In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as of the week ended March 24, which will provide an import cover of less than a month.
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Pakistan's economy spiralling out of control as friendly nations refuse t
Updated : 2 years, 11 months ago IST
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
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India, US, Japan secure USD 2.286 bn IMF bailout for Sri Lanka
Updated : 2 years, 11 months ago IST
After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7bn to Sri Lanka, the International Monetary Fund (IMF) approved the USD 2.286 billion (about USD 3bn) bailout for Sri Lanka on March 20. The Sri Lankan government und
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