Search For "imf loan"
State Bank of Pakistan likely to raise interest rate to unlock IMF loan pr
Updated : 3 years ago IST
The SBP recently increased interest rates by 2 per cent, but the IMF is now forcing Islamabad to raise rates by 2 per cent again.
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Pakistan wait for nod from Gulf states to unlock IMF loan: Report
Updated : 3 years ago IST
All eyes are now on the UAE, Qatar, and the Kingdom of Saudi Arabia (KSA) to save Pakistan's struggling economy
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Pakistan to seek US help for revival of stalled IMF loan programme
Updated : 3 years ago IST
According to sources within the Finance Ministry, the incumbent government has decided to seek Washington's help as the majority of the demands of the fund have been completed. "There is no need for further delay in the staff-level agreement."
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Pakistan seeks assurance from Saudi Arabia to unlock IMF deal
Updated : 3 years ago IST
Saudi deposits nod is crucial for clinching the IMF deal as Pakistan facing difficulty in its talks with IMF due to China-US hostility and IMF is reluctant to give any time frame for finalising the deal while the country is in economic chaos.
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As 'Chequebook Diplomacy' fails, China turns from generous investor to tou
Updated : 3 years ago IST
China is chasing down unpaid debts, complicating Beijing's broader aspirations of extending its influence and forging new relationships through economic deals.
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IMF loan delay pushing Pakistan economy "into a tailspin": Report
Updated : 3 years, 1 month ago IST
Pakistan is in panic after the IMF team that came to negotiate the details left without reaching a final agreement last week. Even though Finance Minister Ishaq Dar and Prime Minister Shehbaz Sharif agreed to all the preconditions. And now Pakistan increased the petrol price which is increas
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Pakistan at beginning of worst economic crisis since country's formation:
Updated : 3 years, 1 month ago IST
According to Geo-politik, Pakistan has taken fourteen loans from the IMF thus far, but ironically none of them has ever been completed.
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Pakistan accepts IMF loan conditions, but would it be able to honour them?
Updated : 3 years, 1 month ago IST
The coming financial year may not bring hope for Pakistan as most economic sectors are on the decline. The country's imports are hit because of extremely low forex reserves. Pakistan has also agreed to meet all conditions of the International Monetary Fund (IMF) despite having a history of n
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Pakistan is South Asia's weakest economy: World Bank report
Updated : 3 years, 2 months ago IST
Unsurprisingly, warning of another global recession, the World Bank on January 13, 2023 forecasted Pakistan's economic growth to slow further to two per cent during the current year -- down by two percentage points from its June 2022 estimate.
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Pak rupees hit new low vs USD, slides to Rs 227.88 a dollar
Updated : 3 years, 2 months ago IST
The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
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Pakistan: SBP's forex reserves dwindle to USD 4.5 billion, Islamabad left
Updated : 3 years, 2 months ago IST
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
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Pak economy facing its worst crisis, grim scenario ahead in 2023
Updated : 3 years, 2 months ago IST
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
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