Search For "imf program"
Spectre of potential default looms large over Pakistan's economy: Report
Updated : 3 years ago IST
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
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Pakistan looking towards friendly countries for funding following delay in
Updated : 3 years ago IST
The current loan programme with the IMF will end on June 30, 2023, and Pakistan is now 'considering' a new IMF programme on renewed conditions.
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IMF to discuss Pakistan's upcoming budget plans before unlocking "financin
Updated : 3 years ago IST
Pakistan will need another IMF programme once this one ends. For that, Islamabad needs to bridge the trust gap with the lender, Dawn reported. Despite assistance from the UAE, Saudi Arabia and China, the financing gap of up to USD 2bn remains. Further, the IMF seems averse to combining the r
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New Saudi Arabia reluctant to spend on unstable countries like Pakistan
Updated : 3 years, 1 month ago IST
Even if Pakistan wins Saudi Arabian support for the resumption of its IMF programme, it will only be a temporary respite. The truth is that Pakistan will not be able to secure any major package of economic support from Saudi Arabia today or in the foreseeable future because the model for suc
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Pakistan economic crisis continues as IMF bailout not in sight, Saudi Arab
Updated : 3 years, 1 month ago IST
"There is a very slim chance that Pakistan may be able to win Saudi Arabian support for the resumption of its IMF programme, but if it does, this will be a temporary respite," analyst Mosharraf Zaidi wrote in The News International last week. Saudi under Crown Prince, Prince Mohammed bin Sa
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There's a real danger that Pakistan could default on debt: US think tank
Updated : 3 years, 1 month ago IST
The cash-strapped nation is reeling with the repercussions of a deepening political crisis, which initially began in April last year when former prime minister Imran Khan was ousted through a vote of a no-confidence motion, and the derailment of the USD 6.5 billion International Monetary Fun
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 3 years, 1 month ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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Sri Lankan President expresses gratitude to IMF for approving Sri Lanka's
Updated : 3 years, 2 months ago IST
"I thank the IMF for approving Sri Lanka's program under the Extended Fund Facility. We are committed to full transparency in our efforts to achieve sustainable levels of debt and our reform agenda. The IMF program is critical to achieving this vision," the Sri Lankan President tweeted on M
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Pakistan PM Shehbaz Sharif accuses Imran Khan of creating hurdles in reviv
Updated : 3 years, 2 months ago IST
Pakistan PM Shehbaz Sharif said that the creation of chaos on roads is part of Imran Khan's agenda which aims at "fanning the fire of instability in the country."
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Pakistan PM Shehbaz Sharif blames Imran Khan for "derailing his own IMF pr
Updated : 3 years, 2 months ago IST
Shehbaz Sharif said that the PTI chief's agenda includes spreading anarchy and chaos on the streets of the country, which will ultimately lead to "instability".
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Pakistan need to fix responsibility for its depleting forex reserves: Repo
Updated : 3 years, 4 months ago IST
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
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International Monetary Fund demands more details on Pakistan's budget
Updated : 3 years, 4 months ago IST
A government official said that the remaining loan repayment requirements and external financing of managing the current account deficit to the tune of USD 8 to USD 10 billion cannot be raised of the stalled IMF programme.
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