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.
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‘Pakistan’s IMF bailout could help avoid default’
By Staff Reporter
ISLAMABAD: Pakistan has secured a $3-billion, nine-month bailout from the International Monetary Fund (IMF) that will help it avoid default this year, Bloomberg Economics said.
UPADTE 3: Pakistan, IMF reach $3bn staff-level agreement for crucial bailout
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.
UPDATE 2: Pakistan, IMF reach $3bn staff-level agreement for crucial bailout
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.
UPDATE 1: Pakistan, IMF reach $3bn staff-level agreement for crucial bailout
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.
Pakistan, IMF reach staff-level deal for $3 billion loan package
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.
Minister of State for Petroleum, Dr. Musadik Malik addressing a press conference at Lahore on June 28, 2023.
Pakistan’s new oil storage policy to curb hoarding, ease forex pressure
By Staff Reporter
ISLAMABAD: Pakistan will let foreign oil suppliers store crude and refined products in bonded facilities at its ports, a move that may ease the nation’s foreign exchange burden and prevent fuel shortages, the state minister for petroleum said on Wednesday.
IMF talks with Pakistan to ‘quickly reach agreement’ on stalled bailout
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”.
SBP bets on high interest rate to save IMF deal
By Staff Reporter KARACHI: The State Bank of Pakistan (SBP) unexpectedly raised its benchmark rate by 100 basis points to a record high of 22
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.