IMF Agrees to $7.6 Billion Loan to PakistanKhalid Qayum
IMF Loan Helps Pakistan Unlock Another $5.6 Billion in Funding Bloomberg News More Reuters FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo (Reuters) - Paki...
ISLAMABAD (AP) — Pakistan says it will seek a bailout loan from the International Monetary Fund to address a mounting balance of payments crisis.
"IMF Board approved a 6 billion U.S. dollars Extended Fund Facility (EFF) for Pakistan to support our economic reform program. Our program supports broad based growth by reducing imbalances in the economy," Shaikh said, adding that social spending has been strengthened to completely protect vulne...
The IMF's Executive Board, in its all-important meeting Friday, agreed to increase loan to import-bill-stricken Pakistan by an additional 3.2 billion U.S. dollars, which according to newly inducted Finance Minister Shaukat Tareen will be spent on insurance policy terms as the government is faci...
Pakistan will receive a total of 6 billion U.S. dollars loan package over a period of three years from the IMF, local media reported. Earlier, Adviser to the Pakistani prime minister on Finance, Revenue and Economic Affairs Abdul Hafeez Shaikh said the IMF board approved the bailout package...
ECONOMYNEXT – India has slammed the International Monetary Fund over its latest loan to Pakistan as hostilities broke out following a massacre of Indian civilians by an allegedly Pakistan backed group. Pakistan cleared the first review of the latest IMF program (there have been 25 so far)...
Analysts See Seventh Pakistan Rate Cut Amid Low Inflation, IMF Review More Reuters FILE PHOTO: A man walks with sacks of supplies on his shoulder to deliver to a nearby shop at a market in Karachi, Pakistan June 11, 2024. REUTERS/Akhtar Soomro/File Photo By A...
The total outlay of the budget will now be Rs14.48tr. Meanwhile, a statement issued by the PML-N said PM Shehbaz Sharif had held a third meeting with the IMF chief in Paris before his departure for London in which he had reiterated Pakistan’s commitment to complete the Fund’s programme...
‘conditionality’—administered through a lending program. These programs typically last from six months to three years, and loan disbursements are phased over the duration in tranches, contingent upon the implementation of policy reforms. The conditionality apparatus of IMF lending programs has two ...