Search For "imf loan"
After significant rate hike, Pak govt has to pay heavy price for borrowing
Updated : 3 years, 3 months ago IST
The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
Read More
Sri Lanka likely to miss IMF deadline: Report
Updated : 3 years, 4 months ago IST
The Sri Lankan newspaper said if the country missed the December IMF deadline, it would have to wait for March 2023 to secure a USD 2.9 billion loan from the IMF in eight equal tranches.
Read More
Pakistan's economic condition worsens as default on borrowing spikes
Updated : 3 years, 4 months ago IST
Fast deteriorating CDS is signalling the foreign investors that Islamabad is precariously near default. Rather than taking SOS measures for economic revival, Islamabad is still pinning its hope on assistance from Saudi Arabia and China which have dried up in the recent past.
Read More
Pakistan's risk of default spikes to 13-year high of 52.8 per cent
Updated : 3 years, 4 months ago IST
Following the global rating agencies Moody's and Fitch downgrading Pakistan's credit rating in recent weeks, Islamabad's risk of default spiked to a 13-year high of 52.8 per cent.
Read More
Pakistan urges IMF to ease harsh terms on power tariffs, fuel taxes
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 30 (ANI): Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over next si
Read More
Despite IMF loans, Pakistani rupee continues to fall
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 27 (ANI): Despite the inflow of International Monetary Fund (IMF) loans, Pakistan's currency continues to fall.
Read More
Zambia moves away from Chinese investments; receives IMF loan
Updated : 3 years, 6 months ago IST
Lusaka [Zambia], September 18 (ANI): Zambia which is known as a country under "debt distress" from China has finally received a USD 1.3 billion financial loan from the International Monetary Fund, media reports said.
Read More
Cash-strapped Pakistan mulls taking another IMF loan as floods wreak havoc
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 1 (ANI): As Pakistan struggles to deal with the devastating flood situation, the cash-strapped country is mulling another emergency loan from the International Monetary Fund (IMF), days after it managed to secure the much-needed bailout package to avert an imm
Read More
Debt-ridden Sri Lanka reaches staff level agreement for USD 2.9 million de
Updated : 3 years, 6 months ago IST
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
Read More
IMF, Pakistan to meet today for key talks on loan plans
Updated : 3 years, 6 months ago IST
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.
Read More
Pakistan army chief reaches out to UAE, Saudi authorities on IMF loan
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 5 (ANI): Chief of Pakistan Army, General Qamar Javed Bajwa, held a conversation with the authorities of the United Arab Emirates and Saudi Arabia and discussed disbursement under the International Monetary Fund (IMF) loan programme.
Read More
Pak Army chief Bajwa approaches US to secure IMF loan amid dwindling forei
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 1 (ANI): Amid the worsening crisis due to shrinking foreign reserves, Pakistan army chief General Qamar Javed Bajwa has approached the US for help in securing an early disbursement of funds from the International Monetary Fund (IMF) to prevent the south Asian cou
Read More