Search For "imf bailout"
Pakistan power regulatory body hikes power tariff by 20 pc
Updated : 1 year, 9 months ago IST
The new tariff of PKR 5.72 per unit will take effect on July 1. This adjustment is expected to generate an additional PKR 485 billion in revenue for Discos, bolstering the government's position in securing an IMF bailout slated for July.
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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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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 to seek fresh IMF bailout package of over USD 8 billion
Updated : 1 year, 12 months ago IST
The country is expected to seek a fresh IMF bailout package of over USD 8 billion with the possibility of augmentation through climate finance on the occasion of upcoming spring meetings of Breton Wood Institutions, known as the IMF/World Bank, scheduled to be held in Washington, DC, from Ap
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Pakistan assures IMF not to allocate additional budget for China-Pakistan
Updated : 1 year, 12 months ago IST
The outstanding dues of power projects of China-Pakistan Economic Corridor (CPEC) alarmingly increased to a record PKR 493 billion or USD 1.8 billion as of end January. The amount was PKR 214 billion or 77 per cent higher than June last year.
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Pakistan seeks USD600 million from Chinese banks amid IMF bailout negotiat
Updated : 2 years, 4 months ago IST
The Pakistani government is actively engaged in discussions with the Industrial and Commercial Bank of China (ICBC) and the Bank of China, seeking a combined loan of USD 600 million.
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Pakistan: Amid slump in economy, petroleum division notifies huge hike in
Updated : 2 years, 4 months ago IST
A significant increase in petrol prices has been announced by the federal government, which will go into effect from November 1.
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Foreign ministry rejects report of Pakistani arms sale to Ukraine to secur
Updated : 2 years, 5 months ago IST
Pakistan's Foreign Ministry dismissed a report claiming that the country sold its weapons to Ukraine to secure an emergency bailout package from the International Monetary Fund (IMF).
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Secret Pakistani arms sale to US helped facilitate IMF bailout: Report
Updated : 2 years, 5 months ago IST
A Secret Pakistani arms sales to the US helped facilitate a controversial bailout from the International Monetary Fund (IMF) earlier this year, as per two sources aware of the arrangement, with confirmation from internal Pakistani and American government documents, The Intercept reported.
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Pakistan: Local transporters raise fare after hike in fuel price
Updated : 2 years, 7 months ago IST
Following the increase in fuel prices, local transport companies unilaterally increased fares by up to 20 per cent without consulting the authorities, reported ARY News.
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IMF packages, foreign bailouts will not suffice to keep Pak economy afloat
Updated : 2 years, 7 months ago IST
Pakistan's economic blindspot continues to be the fact that no amount of IMF bailouts or foreign bailouts will be enough to keep the economy afloat without the nation undertaking a comprehensive structural makeover.
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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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