Search For "external financing"
Debt trap deepens as short-term borrowing keeps Pakistan's economy on edge
Updated : 2 months, 1 week ago IST
Pakistan's fragile external financing framework continues to undermine economic stability, with policymakers stating that dependence on foreign loans leaves the country exposed to recurring crises. Business representatives and economists argue that recent improvements in reserves do not reso
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Ekta World Repays Rs 170 Crore to ICICI Bank, Strengthening Financial Posi
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], December 12: Ekta World has successfully repaid Rs 170 crore to ICICI Bank through phased repayments, backed entirely by the strong sales and collections from its marquee development, Ekta Tripolis. The repayment, done recently, was completed without any externa
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Escalating tensions with India detrimental for Pakistan economy: Moody's
Updated : 1 year ago IST
A persistent increase in tensions between India and Pakistan is expected to impair Pakistan's access to external financing and pressure its foreign-exchange reserves, according to Moody's.
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Pakistan seeks Saudi, Chinese support to bridge USD 5 billion funding gap
Updated : 1 year, 6 months ago IST
Pakistan is relying on assurances from Saudi Arabia and China to address a USD 5 billion external financing gap, with hopes of securing a debt rescheduling agreement with China and deferred oil payments from Saudi Arabia, despite initial delays, the Express Tribune reported on Thursday. Read More
Pakistan requests additional USD 1.4 billion loan from China amid ongoing
Updated : 1 year, 6 months ago IST
In a bid to tackle persistent external financing issues, Pakistan has formally requested an additional loan of 10 billion yuan (USD 1.4 billion) from China. This appeal comes amidst ongoing fiscal pressures and follows the utilisation of an existing trade finance facility.
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International Monetary Fund sounds alarm on Pakistan's 'fragile' external
Updated : 1 year, 7 months ago IST
According to the IMF, Pakistan's external financing requirements are projected to reach USD 62.6 billion over the next three years under the Extended Fund Facility (EFF) program. This amount is expected to further increase to USD 110.5 billion over a five-year period, from 2024-2025 to 2028-
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RBI sees a positive shift in FPI's flows in the domestic market, USD 9.7 b
Updated : 1 year, 9 months ago IST
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
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Pakistan to draw foreign investment, seek loan rollovers: Foreign Minister
Updated : 1 year, 10 months ago IST
The economically crippled country has relied heavily on IMF programmes for years, at times nearing the brink of sovereign default and having to turn to countries such as the United Arab Emirates (UAE) and Saudi Arabia to provide it with financing to meet external financing targets set by the
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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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Pakistan: SBP forex reserves sink to a month's worth of import cover
Updated : 3 years, 1 month 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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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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The IMF bailout package: Will Pakistan make it?
Updated : 3 years, 2 months ago IST
Notwithstanding the fact that crisis-hit country has completed a major part of IMF conditionality, glitches still remain with regard to external financing requirement.
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