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Pakistan, IMF reach agreement on USD 6 bn Extended Fund Facility loan
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 14 (ANI): The International Monetary Fund (IMF) has said that it had reached a staff-level agreement with Pakistan on the combined seventh and eighth reviews for a USD 6 billion Extended Fund Facility (EFF) loan facility.
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Pakistan government's debt up by more than 15 per cent: Report
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 9 (ANI): Amid the worsening economic situation in the country, the Pakistan government's total debt has increased by 15.3 per cent in the first 11 months of the fiscal year FY22.
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Pakistan needs to pass budget agreed with IMF to get loan assistance
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 30 (ANI): Pakistan will have to take two more "prior actions" to secure economic relief package from International Monetary Fund (IMF) - Passing the federal budget as agreed with the monetary organization, as well as, presenting a memorandum of understanding (MoU)
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Pakistanis urged to drink less tea to keep economy afloat
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 16 (ANI): Federal Minister for Planning and Development Ahsan Iqbal has urged Pakistanis to drink less tea as the nation grapples with the economic crisis.
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IMF engages in tough talks with Pakistan as country shares coming 2022-23
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 9 (ANI): International Monetary Fund (IMF) drives hard bargain with Pakistan as the fund engages in tough talks by the indicated placement of four to five major prior actions for the revival of the stalled USD 6 billion programme.
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IMF asks Pakistan to reopen CPEC deal ahead of payment to China
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 9 (ANI): Putting Islamabad in a tight spot, the International Monetary Fund (IMF) has asked Pakistan to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around Pakistani rupees 300 billion to the Chinese power plants.
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Pakistan needs USD 41 billion in next 12 months: Finance Minister Miftah I
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 7 (ANI): Pakistan Finance Minister Miftah Ismail on Tuesday said that the country needed USD 41 billion dollars in the next 12 months.
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Credit rating agency Moody's downgrades Pakistan outlook to 'negative'
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 4 (ANI): The New York-based credit rating agency Moody's Investor Service downgraded Pakistan's outlook to negative from stable amid a delay in a deal with the International Monetary Fund (IMF) for an economic bailout.
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Train travel in Pakistan likely to get costlier
Updated : 3 years, 10 months ago IST
Lahore [Pakistan], May 28 (ANI): Amid the recent hike in fuel prices in Pakistan by the Shehbaz Sharif government, Pakistan Railways (PR) is likely to raise its fares soon enough. The authorities have already forwarded recommendations to increase fares by 15 to 20 per cent.
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Traders, industry leaders slam Pak govt for fuel prices hike
Updated : 3 years, 10 months ago IST
Karachi [Pakistan], May 27 (ANI): Trade and industry leaders of Pakistan have slammed the Shehbaz Sharif government for increasing the petrol and diesel prices by PKR 30 per litre causing a surge in the cost of production in the country.
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Pak government agrees on implementing IMF demands
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 20 (ANI): Reeling under an adverse economic crisis, the Pakistan incumbent government has finally agreed on implementing most of the demands laid out by the International Monetary Fund (IMF), in order to receive the next IMF loan tranche.
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Pakistan engages in talks with IMF over economic crunch
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 18 (ANI): Battling an acute economic crunch, the Pakistan government has begun engaging in talks with the International Monetary Fund (IMF) in the Qatari capital Doha on Wednesday over the release of crucial funds. The talks are expected to continue even in the next
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