Search For "cash strapped"
External financing requirements for IMF deal with Pakistan not changed, cl
Updated : 3 years ago IST
On Sunday, Perez Ruiz said that external funding requirements had not changed throughout the discussions, under a review that would unlock USD 1.1 billion in financing for the cash-strapped South Asian nation as part of a USD 6.5 billion IMF package, Dawn reported.
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Soaring inflation hits Pakistanis hard during Ramzan
Updated : 3 years, 1 month ago IST
During every Ramzan inflation increases by 500 per cent and this has not changed in the last 75 years. The rise of inflation during Ramzan in Pakistan is very strange because, in countries where the Muslim population is one per cent or even less, the governments supply up to 75 per cent reli
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There's a real danger that Pakistan could default on debt: US think tank
Updated : 3 years, 1 month ago IST
The cash-strapped nation is reeling with the repercussions of a deepening political crisis, which initially began in April last year when former prime minister Imran Khan was ousted through a vote of a no-confidence motion, and the derailment of the USD 6.5 billion International Monetary Fun
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IMF asks Pakistan to provide external financing assurances for release of
Updated : 3 years, 1 month ago IST
It should be noted that Pakistan and the IMF have been negotiating since early February on an agreement that would release USD 1.1 billion to the cash-strapped, nuclear-armed country of 220 million people and its supercritical for the liquidity-challenged country, whose deficient foreign exc
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Cash-strapped Pakistan struggling to pay international airlines
Updated : 3 years, 2 months ago IST
The IATA, which represents some 300 airlines comprising 83 per cent of global air traffic, said USD 290 million were stuck in Pakistan as of January, which increased by almost a third since December.
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'No compromise' on Nuke program, says Pak's Finance Minister amid cash cru
Updated : 3 years, 2 months ago IST
While speaking at the Senate session on Thursday, Dar said, "Let me assure you that [...] nobody is going to compromise anything on the nuclear or the missile program of Pakistan -- no way."
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China approves USD 1.3 billion rollover for cash-strapped Pakistan
Updated : 3 years, 2 months ago IST
Taking to Twitter, Pakistan Finance Minister Ishaq Dar announced, " Formalities completed [and] Chinese Bank, ICBC approved rollover of USD 1.3 billion facilities which has been repaid by Pakistan to ICBC in recent months."
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Cash-strapped Pakistan receives funds worth USD 700 million from China Dev
Updated : 3 years, 2 months ago IST
Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".
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Pakistan's weekly inflation surges to 38.4pc
Updated : 3 years, 3 months ago IST
Cash-strapped Pakistan recorded the yearly high inflation as it went to 38.42 per cent in the outgoing week.
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Flood disaster relief efforts help cash-strapped Pakistan mobilise interna
Updated : 3 years, 4 months ago IST
According to the Geo-politik, Pakistan, which has severely mismanaged its economy, has now used the pretext of flood devastation and consequent humanitarian crisis to get international assistance.
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Financial assistance from global community keeps Pakistan's economy afloat
Updated : 3 years, 4 months ago IST
The country owes almost one-third of its external debt to China, which is facing criticism for its debt trap diplomacy globally. The Pakistan regime has always ignored the people of the country while spending huge amounts of money on acquiring military equipment.
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Pakistan's FDI plunges 52 per cent in four months
Updated : 3 years, 6 months ago IST
On Monday, the Pakistan State Bank issued the latest data, showing the FDI fell to USD 348.3 million in July-October FY23 from USD 726.5 million during the same period of the last fiscal year (FY22), the Dawn newspaper reported.
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