By Staff Reporter
ISLAMABAD: Pakistan’s $3 billion loan programme with the International Monetary Fund (IMF) will be reviewed by the lender’s Executive Board on July 12, local daily Business Recorder reported on Wednesday, quoting an IMF’s confirmation email to the media.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday he expects the International Monetary Fund (IMF) to approve a $3 billion short-term bailout for his country on July 12, after eight months of negotiations to stave off a default.
By Staff Reporter
KARACHI: Pakistan’s central bank chief said on Tuesday he was confident of bringing inflation down to a medium-term target of 5-7 percent in the next two years, despite the current high rate of 29.4 percent.
By Staff Reporter
KARACHI: The rupee surged 5.2 percent against the dollar on Tuesday, after the country clinched a $3 billion loan deal with the International Monetary Fund (IMF) over the weekend to shore up its foreign exchange reserves and repay its debts.
The country plans to issue 10- to 15-year bonds and secure concessional loans to meet its external financing needs, as part of a new Medium-Term Debt Management Strategy for fiscal years 2023 to 2026 that aims to reduce risk and diversify its portfolio.
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) and Pakistan agreed on Friday to a $3 billion, nine-month loan agreement to help the country cope with external shocks and policy missteps that have stalled economic growth and fueled inflation.
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) and Pakistan agreed on Friday to a $3 billion, nine-month loan agreement to help the country cope with external shocks and policy missteps that have stalled economic growth and fueled inflation.
By Staff Reporter
KARACHI: The International Monetary Fund (IMF) and Pakistan agreed on Friday to a $3-billion, nine-month loan deal to help the country cope with external shocks and policy missteps that have stalled economic growth and fuelled inflation.
By Staff Reporter
KARACHI: Pakistan and the International Monetary Fund (IMF) have reached a $3 billion staff-level agreement for a crucial bailout that could help stabilize the country’s flailing economy and lift it out of an impending debt default.
By Staff Reporter
ISLAMABAD: Pakistan is in talks with the International Monetary Fund (IMF) for a new six-to-nine-month loan of about $2.5 billion, as it seeks to complete a bailout program that expires at the end of this month.
