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FOREIGN BAILOUTS
Sri Lanka reduces fuel prices after Middle East ceasefireSri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices...- Pakistan: A grim shadow falls on Asim Munir's moment in the sunA leaked diplomatic cable reveals US pressure on Pakistan to remove former Prime Minister Imran Khan. The document suggests a no-confidence...
- Imran Khan-linked ‘Cyphergate’ Row hits Pakistan: US' role confirmed in his ouster? Secret cipher says 'All will be forgiven in Washington.'Imran Khan cipher case: A leaked Pakistani diplomatic cable has resurfaced, reigniting claims of a foreign conspiracy behind Imran Khan's r...
- Trump likes the idea of government owning some US companies but took a pass on Spirit AirlinesPresident Trump showed interest in government taking over companies like Spirit Airlines. He saw these moves as financial wins and a way to...
- US-Pakistan tango: This risky double-game may dent Islamabad’s relations with Beijing, and also cause international humiliationIran's foreign minister refused to meet a US delegation in Pakistan, exposing Islamabad's risky diplomatic tightrope walk. This move, alleg...
- Sri Lanka seeks investors for loss-making Mattala airport built with Chinese loansSri Lanka is seeking investors for Mattala Rajapaksa International Airport. The airport has been a financial drain since opening in 2013. A...
- India bull Chris Wood likes Pakistan stock market around IMF bailout cyclesJefferies strategist Christopher Wood says Pakistan offers high-beta opportunities around IMF bailout cycles, even as India remains his cor...
- India likely to urge IMF to exercise caution on bailout package to PakistanIndia may share its view with the International Monetary Fund regarding Pakistan's bailout. This will happen during a crucial IMF meeting i...
- 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 gets a lifeline from the IMF with a new $3 billion bailout to help avoid defaultThe nine-month agreement must be approved by the IMF's Executive Board, which is expected to make a final decision in mid-July, a top IMF o...
- Sri Lanka to discuss debt restructuring with India, China & Paris Club separately: President WickremesingheSri Lanka will negotiate its debt restructuring separately with India, China and the Paris Club, as it tries to manage its debt, which tota...
- Pakistan rupee falls all-time low at Rs 287.29 against US dollarPakistan’s rupee hit a record low against the US dollar on Tuesday, with the interbank market closing at 287.29 against the greenback. The ...
- IMF approves Sri Lanka's $2.9 billion bailoutThe IMF's board also confirmed it has signed off on the loan, which clears the way for the release of funds and kicks off a four-year progr...
- Pakistan's forex exchange reserves hit 10-year lowThe central bank said the reserves had come down by USD 592 million because of external debt payments.
- Sri Lanka admits forex crisis 'dangerous'Basil Rajapaksa, 70, the youngest brother of President Gotabaya Rajapaksa, said state coffers had also suffered huge revenue losses in the ...
- Imran Khan may find it tough to secure IMF bailoutThe US Senators have shot off a letter to Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin mentioning Pakistan, Sri ...
- Rupee up 25 paise against dollar in early tradeRupee appreciated by 25 paise against dollar in early trade today on hopes that govt will take steps to check the currency's slide.
- AIG set to repay $37 billion in bailout moneyIn September, American International Group announced a plan to repay all the bailout money it received from the government during the finan...
- Medvedev signs $150 bil bailout package to stabilise mktsRussian President Dmitry Medvedev on Monday signed a bailout package worth $150 billion to keep the former Communist nation's new capitalis...
- N-Deal sidelined by banking crisisThe deal has been sidelined in the wake of bailout package.
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