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There's a real danger that Pakistan could default on debt: US think tank
Updated : 2 years, 11 months 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 : 2 years, 11 months 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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Pakistan PM Shehbaz Sharif accuses Imran Khan of creating hurdles in reviv
Updated : 3 years 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 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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International Monetary Fund demands more details on Pakistan's budget
Updated : 3 years, 1 month 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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China plays catch-up with India in Sri Lanka; fails
Updated : 3 years, 1 month ago IST
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
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Pakistan economic woes may deepen if IMF programme not resumed: Report
Updated : 3 years, 1 month ago IST
IMF is delaying its 24th loan, and the Saudis and the UAE have warned Pakistan that they will no longer serve free lunch.
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Pakistan will enter default without IMF programme: Imran Khan
Updated : 3 years, 2 months ago IST
Khan while addressing a press conference with Sania Nishtar, a Pakistan Senate member, said that the nation should brace for a new wave of inflation.
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Pakistan's financial woes to worsen after devastating floods
Updated : 3 years, 5 months ago IST
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.
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Despite revival of IMF plan, Pakistan faces severe liquidity crunch
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 10 (ANI): Pakistan is still witnessing a severe dollar liquidity crunch despite the resumption of the last month of the International Monetary Fund (IMF) programme, local media reported adding the floods in the country have aggravated the macroeconomic fundame
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Pak Finance Minister Ismail trades barbs with his predecessor Tarin over s
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 4 (ANI): Pakistan Finance Minister Miftah Ismail and his predecessor Shaukat Tarin exchanged barbs over leaked audios about sabotaging International Monetary Fund (IMF) programme.
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Revival of IMF programme is not an end in itself: Pakistan PM
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 31 (ANI): As International Monetary Fund (IMF) approved Pakistan's revival plan to stabilize the country's economy, Prime Minister Shahbaz Sharif has said that it "is not an end in itself".
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