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.
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”.
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.
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.
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.
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.
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.
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.
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.
