Tag: IMF bailout
Pakistan to seek friendship with all and enmity with none: caretaker foreign minister Jilani
ISLAMABAD: Pakistan’s newly appointed caretaker foreign minister Jalil Abbas Jilani has said he would pursue close relationships with all major powers including the US and…
Pakistan facing ‘exceptionally high’ risks, needs another IMF programme, says global lender
ISLAMABAD: Pakistan needs another IMF programme and support from other multilateral lenders beyond the coming election cycle and the ongoing standby arrangement, according to the…
Pakistan secures final IMF approval for $3 billion bailout
ISLAMABAD: The International Monetary Fund’s board approved a $3 billion bailout programme for Pakistan on Wednesday, the lender said, which will immediately disburse about $1.2…
Sri Lanka unveils debt restructure to tackle economic crisis
COLOMBO: Sri Lanka’s central bank unveiled a far-reaching debt restructuring plan on Thursday aimed at restoring stability after an unprecedented economic crisis last year that…
Pakistan hopes for IMF bailout decision in a day or two
ISLAMABAD: Pakistan hopes a bailout decision from the International Monetary Fund will come in a day or two, its prime minister said on Tuesday, after…
Pakistan hikes rate to record high for IMF loan
ISLAMABAD: Pakistan’s central bank unexpectedly raised its benchmark rate to a record high in an emergency meeting as the nation makes a final attempt to…
Cash-strapped Sri Lanka to restructure domestic debt
COLOMBO: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the government’s domestic debt…
Pakistan needs to unlock IMF bailout to avoid default
ISLAMABAD: The International Monetary Fund (IMF) has raised serious objections over Pakistan’s budget for 2023-24, lessening chances that the global lender will revive the loan…
Pakistan’s deepening political crisis douses hopes for IMF relief
LONDON/KARACHI: The political crisis engulfing Pakistan is eroding hopes that the South Asian country can get its much needed programme with the International Monetary Fund…
Imf: Pakistan’s government reiterates completion of all IMF requirements for bailout
KARACHI: Pakistan has completed all requirements to receive critical bailout money from the International Monetary Fund (IMF), the country reiterated following a meeting with the…