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USD 10 billion payouts: Will Pakistan be able to redeem itself or default
Updated : 3 years, 1 month ago IST
The burning question is - given the generous donation of the international community, will Pakistan be able to redeem itself or default again and remain a global joke?
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Ahead of polls, Pak govt scared of losing popularity due to IMF deal
Updated : 3 years, 1 month ago IST
Pakistan is currently under the grip of a massive economic crisis, as a result of which the deal with the International Monetary Fund (IMF) becomes very important for the South Asian nation, according to Dawn.
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International Monetary Fund demands more details on Pakistan's budget
Updated : 3 years, 2 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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Pakistan may head towards bankruptcy: report
Updated : 3 years, 2 months ago IST
Pakistan is running out of money and at the same time the country is witnessing a spike in food prices, on a path to bankruptcy.
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China plays catch-up with India in Sri Lanka; fails
Updated : 3 years, 2 months 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's economic crisis going from bad to worse: Report
Updated : 3 years, 2 months ago IST
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
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Pakistan's virtual talks with IMF likely from next week
Updated : 3 years, 2 months ago IST
Amid a reeling economic crisis and falling foreign exchange reserves, virtual talks between Pakistan and International Monetary Fund (IMF) are likely to commence next week, Geo News reported.
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Pakistan economic woes may deepen if IMF programme not resumed: Report
Updated : 3 years, 2 months 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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UAE rolls over USD 2 billion loans to Pakistan
Updated : 3 years, 2 months ago IST
It is pertinent to mention here that the UAE President had agreed to roll over the existing loan of USD 2 billion and provide a USD 1 billion additional loan.
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War of words between China and US over Sri Lanka debt
Updated : 3 years, 2 months ago IST
The Chinese Embassy in Sri Lanka slammed the US recently after an American diplomat called China a 'spoiler' to Sri Lanka's negotiations with the International Monetary Fund (IMF) in a recent interview.
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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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Sri Lankan President Wickremesinghe says debt restructuring talks with Ind
Updated : 3 years, 2 months ago IST
The announcement comes in the wake of External Affairs Minister S Jaishankar's visit to the island nation who will be visiting Maldives and Sri Lanka from January 18-20.
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