Imran Khan said the IMF agreement will only provide temporary relief as it will eventually lead the country to a major disaster as the burden of loans will continue to increase.
Pakistan is currently under the grip of a massive economic crisis, as a result of which the deal with the International Monetary Fund (IMF) becomes very important for the South Asian nation, according to Dawn.
Debt restructuring is one of the prerequisites of the IMF's bailout package for Sri Lanka. The process is, however, getting delayed due to Sri Lanka's dire situation and a delay in concrete commitment from China, the island nation's largest bilateral lender. Sri Lanka seems to be missing its
Islamabad [Pakistan], September 21 (ANI): The unprecedented floods in Pakistan are estimated to have caused losses worth USD 18 billion and aggravated macroeconomic fundamentals despite a resumption of the IMF deal, according to Financial Post.
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
Washington [US], September 1 (ANI): International Monetary Fund (IMF) staff and debt-ridden Sri Lankan authorities on Thursday reached a staff-level agreement to support Sri Lanka's economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about USD 2.9 billi
Islamabad [Pakistan], August 31 (ANI): Islamabad Police on Wednesday informed that an application had been filed to register a treason case against former prime minister and Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan and three others for hatching a conspiracy to derail International Mon
Islamabad [Pakistan], August 31 (ANI): The audios of former Pakistan Finance minister Shaukat Tarin, leaked on Monday, have exposed the Pakistan Tehreek-e-Insaf's (PTI) conspiracy to scuttle the coalition government's deal with the International Monetary Fund (IMF).
Islamabad [Pakistan], August 29 (ANI): The International Monetary Fund (IMF) will meet the top officials of cash-strapped Pakistan on Monday to consider a bailout package as the country continues to face several economic hardships.
Sindh [Pakistan], August 28 (ANI): Pakistan Prime Minister Shehbaz Sharif, without naming the Pakistan Tehreek-e-Insaf (PTI), said that it was unfortunate that a political party was doing politics over the agreement with the International Monetary Fund (IMF) and self-centered politics could
Islamabad [Pakistan], August 27 (ANI): Pakistan's former Prime Minister Imran Khan asked Finance Minister Miftah Ismail to reach out to the International Monetary Fund (IMF) and demand relief from the global lender, as the death toll from calamitous floods in the country swelled to near 1,00
Islamabad [Pakistan], August 27 (ANI): Pakistan Finance Minister Miftah Ismail has lashed out at the PTI-led Khyber-Pakhtunkhwa (K-P) government for attempting to "sabotage" the Pakistan-IMF deal ahead of the global lender's executive board meeting.