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IMF PAK BAILOUT
'Cash-strapped' Pakistan minister's fanciful claim: Khwaja Asif says country may not need IMF in six months. What's behind the bizarre statement?Despite facing economic hardships, Pakistan defence minister Khawaja Asif has claimed that the country may not need a bailout from Internat...- Even at half the price, is this Chinese jet proving costly for bankrupt PakistanChina is reportedly offering Pakistan a 50% discount on 40 J-35A fighter jets amid economic challenges and a defense budget increase. This ...
- Pakistan's economy has much more to lose than India's due to ongoing tensions, warns Moody's RatingsMoody's Ratings warns that sustained tensions with India could significantly hinder Pakistan's economic growth and undermine its fiscal con...
- IMF packages, foreign bailouts will not suffice to keep Pakistan economy afloat: ReportSaudi Arabia made a USD 2 billion deposit into the State Bank of Pakistan (SBP) after the IMF agreement, and the UAE had already committed ...
- Pakistan economy in woods despite IMF packagePakistan is eyeing Saudi investment of USD 10 billion in a refinery project in Hub, Balochistan which is pending since the last four years....
- As crisis deepens, Pakistan's public assets are up for salePakistan's source funds from friendly countries which were flowing in are dried up. At present, the crisis stuck Pakistan is not getting ea...
- Pakistan's new budget fail to meet expectations to boost economyThe total expenditure stipulated by the FY 2023-24 budget is PKR 14.46 trillion (USD 50.45 billion), out of which PKR 1.8 trillion has been...
- IMF seeks more Pak assurances before releasing bailout packageThe recent developments are a key step forward in signing a much-delayed staff-level agreement (SLA) with the Fund and unlocking multilater...
- Pakistan establishment focus on protecting N-prog even as economy in a free-fallSpecifically, the financial institution has demanded that Pakistan provide assurance that its balance of payments deficit is fully financed...
- Tough love: Pak has gone to IMF for bailouts 23 times in 75 years"Pakistan has less than $3 billion in foreign exchange reserves today. Our reserves have never exceeded $21 billion in our history. Banglad...
- Pakistan at beginning of worst economic crisis since country's formation: ReportAccording to Geo-politik, Pakistan has taken fourteen loans from the IMF thus far, but ironically none of them has ever been completed. Thi...
- Pakistan stares at bankruptcy as economic crisis worsensPakistani Rupee (PKR) is on a ‘free fall’ as it crossed 212 per USD on June 21. Whereas Pakistan's foreign exchange reserves have depleted ...
- Balochistan & CPEC: China's Achilles' HeelThe progress on CPEC has reportedly slowed down due to the economic downturn, restrictions by the IMF’s bail-out programme on fresh borrowi...
- In trouble at FATF, Pakistan books Hafiz Saeed, 3 othersPakistan had filed cases against Saeed in the past too. It is important if this action is irreversible and verifiable, says Indian official.
- Pakistan's rupee is close to becoming the month's biggest loserThe managed-float currency dropped more than 5 per cent in May and breached 150 per dollar.
- 'Pak rupee could touch 250 a dollar within a year'Pakistan recently reached an agreement with the IMF over a $6 billion bailout package to help prop up its public finances and a slowing eco...
- Pakistan not approaching IMF for new bailout programme: Pak FMCash-strapped Pakistan is negotiating a USD 8 billion bailout package from the IMF to overcome a severe balance-of-payments crisis that thr...
- Pakistan to seek IMF bailout despite $6 bln Saudi rescue: Pak finance ministryOn Tuesday, Islamabad announced Saudi Arabia had agreed to give Pakistan $3 billion in foreign currency support for a year and a further lo...
- Pakistan to privatise 31 entities to meet IMF bailout clausePakistan has decided to sell at least 26 per cent shares of 31 state-owned entities, including PIA and Pakistan Railways.
- US to ask UN for sanctions against Pak terror agentsAccording to reports, the US will be sending a list of names of prominent Pakistanis for sanctions, to add to the pressure on Islamabad to ...
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