Search For "international monetary"
No talks with Imran Khan unless he apologises to public: Pak PM Shehbaz Sh
Updated : 3 years, 1 month ago IST
Talks between the central government and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan will be possible only if the former prime minister admits his wrongdoing and apologises to the people for all the things he has done, Pakistan Prime Minister Shehbaz Sharif said, Geo News reported.
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China now bails out countries after pushing them into 'debt-trap'
Updated : 3 years, 2 months ago IST
American officials have accused China of engaging in "debt trap diplomacy" that is saddling countries with excessive debt for construction projects carried out by Chinese companies often using Chinese engineers, Chinese workers and Chinese equipment.
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India, US, Japan secure USD 2.286 bn IMF bailout for Sri Lanka
Updated : 3 years, 2 months ago IST
After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7bn to Sri Lanka, the International Monetary Fund (IMF) approved the USD 2.286 billion (about USD 3bn) bailout for Sri Lanka on March 20. The Sri Lankan government und
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State Bank of Pakistan likely to raise interest rate to unlock IMF loan pr
Updated : 3 years, 2 months ago IST
The SBP recently increased interest rates by 2 per cent, but the IMF is now forcing Islamabad to raise rates by 2 per cent again.
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Politicians' actions to protect their own political interests push Pakista
Updated : 3 years, 2 months ago IST
Amid the cash crunch, the coalition government led by Pakistan Muslim League-N and the opposition Pakistan Tehreek-e-Insaf have taken their fights to the streets, without giving much attention to inflation and even democracy.
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IMF's 'Pakistan' dilemma in lending: Report
Updated : 3 years, 2 months ago IST
Pakistan has implemented a series of policy measures, including higher taxes, higher energy prices, and raising interest rates to their highest level in 25 years in order to unlock funding from the IMF's stalled USD 6.5 billion lending programme
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Political, financial, humanitarian crises put Pakistan on brink
Updated : 3 years, 2 months ago IST
The political drama over the arrest of former prime minister Imran Khan has given a clear idea about the priority of Pakistan's policymakers when the country is struggling with economic downfall. It appears Pakistan gets stuck in a severe political crisis as the country approaches the nation
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Of Sri Lanka's total USD 3-bln IMF package, USD 330-mln to be immediately
Updated : 3 years, 2 months ago IST
Sri Lanka has been facing a severe economic crisis as a result of past policy missteps and economic shocks.
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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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Is Pakistan prepared as IMF swings towards inclusive growth?
Updated : 3 years, 2 months ago IST
Pakistan has had a low labour force participation rate over the past 20 years, and its investment rate has been at 15 per cent of GDP, significantly below the strongest performers in the area, The Express Tribune reported.
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US Centcom chief expresses trust in Pakistan's nuclear agenda amid politic
Updated : 3 years, 2 months ago IST
The US general's statement is a relief ahead of Finance Minister Ishaq Dar's remarks last week in the Senate regarding the International Monetary Fund (IMF) bailout programme.
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Pakistan's economy now depends on Gulf states to bail out crisis
Updated : 3 years, 2 months ago IST
The International Monetary Fund's (IMF) condition that Pakistan secure confirmation from bilateral partners of the Gulf region to bridge the gap of USD 6 billion is simply an attempt to ensure its credibility. Non-materialisation may result in Islamabad sliding into default. The IMF review m
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