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The IMF bailout package: Will Pakistan make it?
Updated : 3 years ago IST
Notwithstanding the fact that crisis-hit country has completed a major part of IMF conditionality, glitches still remain with regard to external financing requirement.
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"India helped Sri Lanka more than any other country" Sri Lankan foreign mi
Updated : 3 years ago IST
While the Indian government took some bold decisions to help the country tide over its economic crisis, even the Indian public came forward to support Sri Lanka, the country's foreign minister said in the podcast released on Tuesday.
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Pakistan tells IMF about asking China for rollover of USD 2 billion deposi
Updated : 3 years ago IST
Pakistan has requested China for rollover of USD 2 billion USD 2 billion SAFE (State Administration of Foreign Exchange) deposits for another one-year. Pakistan has informed IMF about its request to China.
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Sri Lankan President welcomes financial assurances from creditors, highlig
Updated : 3 years ago IST
Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He noted that a response from IMF is expected this month followed by funds from World Bank and Asian Development Bank.
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IMF board to consider approval of Sri Lanka's bailout package on March 20
Updated : 3 years ago IST
IMF noted that the financial assurances from creditors paves the way for consideration of approval of the state-level agreement reached on September 1.
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China assures it will back Sri Lanka's debt restructuring: President on IM
Updated : 3 years ago IST
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
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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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Pakistan at the deep end of economic crisis
Updated : 3 years ago IST
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) recently said Pakistan had been asked by the IMF "to take steps to be able to function as a country" and not get into a dangerous place where it needs debt restructuring, the Greek City Times reported.
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Pakistan: Inflation hits highest level on record
Updated : 3 years ago IST
This was the highest annual rate since available data, i.e. July 1965, according to the research firm Arif Habib Ltd, and is also expected to rise even further in the coming months.
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Pak govt accepts one more IMF demand, imposes power surcharge from next fi
Updated : 3 years ago IST
Pakistan's government has taken the decision to generate PKR 335 billion more in revenue over the next fiscal year to finance the power sector's debt and liabilities.
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Will Pakistan be able to avert looming recession?
Updated : 3 years ago IST
Pakistan faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations.
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Pakistan's budget deficit projections revised to history's highest at Rs 6
Updated : 3 years ago IST
The federal government will book the highest-ever budget deficit despite putting an extra burden of Rs 735 billion on citizens till the end of June on account of higher gas and electricity tariffs and additional taxes.
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