By Staff Reporter
ISLAMABAD: Pakistan is awaiting a decision on a stalled bailout programme from the International Monetary Fund (IMF), which said on Tuesday it was holding talks authorities with the aim of “quickly reaching an agreement”.
top-latest
Army sacks three officers for failing to stop pro-Khan violence
By Staff Reporter
ISLAMABAD: Pakistan’s army fired three senior officers and disciplined 15 others for failing to prevent violent attacks on military assets by supporters of former Prime Minister Imran Khan last month.
Pakistan clears budget hurdle for IMF loan
By Staff Reporter
ISLAMABAD: Pakistan’s lower house of parliament approved a revised budget for the next fiscal year on Sunday, with additional fiscal tightening to meet the International Monetary Fund’s (IMF) conditions for a $1.2 billion loan tranche.
Pakistan revises budget to secure IMF bailout
By Staff Reporter
ISLAMABAD: Pakistan has revised its budget for the fiscal year starting on July 1 to include the latest fiscal tightening measures dictated by the International Monetary Fund (IMF) in a final effort to clinch a stalled rescue package, Finance Minister Ishaq Dar said on Saturday.
Pakistan army holds 102 suspects for attacking military sites
By Staff Reporter
ISLAMABAD: Pakistan’s attorney general told the Supreme Court on Friday that the army had detained 102 people for attacking military installations during protests over the arrest of former Prime Minister Imran Khan last month.
PM Sharif hopes for IMF funds release after meeting chief in Paris
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday he hoped the International Monetary Fund would release funds under its bailout program soon, after meeting IMF Managing Director Kristalina Georgieva on the sidelines of a summit in Paris.
H.E. Mr. Donald Blome, Ambassador of the United States of America to Pakistan called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar,at Finance Division in Islamabad on June 21, 2023.
Pakistan scrambles to revive IMF loan program before expiry
By Staff Reporter
ISLAMABAD: Pakistan is making a final push to revive a stalled $6.7 billion International Monetary Fund (IMF) loan program before it expires at the end of June, with its prime minister seeking a meeting with the IMF chief and its finance minister meeting the U.S. envoy.
Pakistan fails to buy spot LNG cargoes amid banking woes
By Staff Reporter
ISLAMABAD: Pakistan failed to secure any spot liquefied natural gas (LNG) cargoes for October-to-December delivery, traders said on Tuesday, as suppliers shunned the country’s tenders due to banking issues.
Pakistan’s IMF hopes dashed as board ignores bailout review
By Staff Reporter
KARACHI: Pakistan is not on the agenda of the International Monetary Fund’s Executive Board for the rest of June, indicating no breakthrough on the ninth review under a $6.7 billion stalled bailout program that expires this month.
Pakistan mourns shipwreck victims, PM Sharif orders probe
By Staff Reporter
ISLAMABAD: Pakistan is observing a day of mourning on Monday for hundreds of people, mostly Pakistanis, who died when a boat carrying migrants capsized off the coast of Greece last week.