The total value of aid offered to Pakistan amounted to 11.3 billion dollars. In addition, the IMF has allowed for the disbursement of an additional 1.2 billion dollar following the completion of its review of Pakistan's 7.6 billion dollar-loan package.Thiruvengadam...
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Pakistan's central bank has received $1.2 billion from the IMF as the first tranche of a $3 billion bailout to stabilise the economy, Finance Minister Ishaq Dar said on Thursday, a day after the global lender's board approved the package. Having teetered on the brink of a sovereign debt...
According to the local media reports, this would be Pakistan's 13th IMF bailout package since the 1980s. Pakistan's Federal Minister for Finance, Revenue, and Economic Affairs Asad Umar said that Pakistan was in urgent need of 12 billion U.S. dollars to stave off the balance of payment c...
The much-anticipated $7 billion bailout package from the IMF has faced furtherdelays. The IMF’s Executive Board did not include Pakistan’s request in its latest meeting schedule, citing the country’s failure to secure a timely rollover of $12bn in loans from friendly countries. This delay...
“I also highlighted that decisive policies and a strong package of economic reforms would enable Pakistan to restore the resilience of its economy and lay the foundations for stronger and more inclusive growth,” said Lagarde, calling the meeting “good and constructive.” ...
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Pakistan will receive the next installment worth $502 million of its loan from the International Monetary Fund (IMF) in December as part of a three-year economic bailout package, officials said. The IMF’s Pakistan delegation head Harald Finger said in a statement late Thursday that the decisio...
Talks with the IMF began soon after the government of Prime Minister Imran Khan was appointed last August but a package has been held up by differences over the pace and scale of reforms that Pakistan would be required to undertake.
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