Search For "imf bailout"
China assures it will back Sri Lanka's debt restructuring: President on IM
Updated : 3 years ago IST
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
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Pakistan: Inflation hits highest level on record
Updated : 3 years ago IST
This was the highest annual rate since available data, i.e. July 1965, according to the research firm Arif Habib Ltd, and is also expected to rise even further in the coming months.
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Will Pakistan be able to avert looming recession?
Updated : 3 years ago IST
Pakistan faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations.
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Pakistan's budget deficit projections revised to history's highest at Rs 6
Updated : 3 years ago IST
The federal government will book the highest-ever budget deficit despite putting an extra burden of Rs 735 billion on citizens till the end of June on account of higher gas and electricity tariffs and additional taxes.
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Pak Defence Minister blames previous regime for spread of terrorism in cou
Updated : 3 years ago IST
Without naming the Pakistan Tehreek-e-Insaf (PTI), he said that security forces were fighting against the terrorists last night as they were brought back and rehabilitated nearly a year ago.
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Pakistan drops petrol bomb on inflation-hit masses after mini-budget
Updated : 3 years ago IST
The increase in the price of petroleum products was one of the preconditions of the Washington-based lender, which will lead to a hike in the already record-high inflation, coupled with the new fiscal measures undertaken through the 'mini-budget'.
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Tough times ahead for Pakistan as talks with IMF fails
Updated : 3 years, 1 month ago IST
Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the economy. While the visiting IMF delegation is asking for several reforms and compliance with its conditionality.
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Pak govt putting up brave face amid deadlock over IMF bailout: Report
Updated : 3 years, 1 month ago IST
According to Dawn, a clear roadmap on external financing and domestic budgetary steps, coupled with substantial energy cost adjustments, should have led to sharing of a draft Memorandum of Economic and Fiscal Policies (MEFP) by the visiting IMF mission wit the authorities at least a day b
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Despite economic crisis Pak PM Shehbaz Sharif busy stoking Kashmir issue
Updated : 3 years, 1 month ago IST
Pakistan is spinning new conspiracy theories after Pakistan Prime Minister Shehbaz Sharif claimed that a plot had been conceived to freeze the Kashmir issue for 20 years.
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IMF places new demands before Pakistan for holding policy-level talks next
Updated : 3 years, 1 month ago IST
If Pakistan and IMF reach a consensus by Feb 9, they will sign a staff-level agreement.
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China scuttles Pakistan's Neelum Jhelum Project over delayed payments
Updated : 3 years, 1 month ago IST
The issues facing the NJHP project indicate a deeper problem in Pak-China cooperation in the power sector. Pakistan owes around PKR300 billion to the Chinese independent power producers (IPPs) and the liability has become a sore point in the bilateral relations.
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IMF giving tough time to Pakistan, says PM Shehbaz Sharif
Updated : 3 years, 1 month ago IST
"As we speak, an IMF delegation is in Islamabad and giving a very tough time to the finance minister and his team. I will not go into detail about this further but our economic challenges are unimaginable. The IMF conditions which we have to fulfill are beyond imagination but we have to do i
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