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 crisis, out of which, a major chunk would be acquired through the IMF loan. An official of the Ministry o...
The new investment scheme is aimed at providing the new government some financial leverage to tackle the balance of payment crisis besides fortifying the country's depleting foreign exchange reserves. Pakistan's new Finance Minister Asad Umer will float the investment bond for the overseas Pakistanis ...
Government of Imran Khan The PTI government, in power from August 2018 to April 2022 under Khan’s premiership, facedformidabledomestic challenges. It inherited a balance-of-payments crisis, spurred by enormous debt commitments, such as those imposed by theChina-Pakistan Economic Corridor(CPEC)init...
His government has also entered talks with the International Monetary Fund over a potential bailout as it grapples with a balance of payment crisis and current account deficit. Pakistan has gone to the IMF repeatedly since the late 1980s. The last time was in 2013, when Islamabad got a $6....
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exacerbatedPakistan’s economic crisis, and left China hesitant to grant leniency on debt payments. Although the project gave a boost to job creation in Pakistan, promises that it wouldbolsterPakistan’s industrial sector and increase exports remained largely unrealized into the early 2020s. And ...
Prime Minister Imran Khan is pursuing a divestment that would rank as one of the biggest-ever mergers and acquisitions in Pakistan, as he seeks to bridge a financing gap of more than $12 billion and avoid a balance-of-payments crisis. The nation has secured loans from Saudi Arabia and the...
There is crisis like situation in Syria and the region, she said. The MoFA has also expressed concerns over the safety of its citizens currently in Syria. Pakistani nationals already present in the conflict-stricken country have been advised to adopt extra precautionary measures for their safety...
The report said that Pakistan has committed in NDC 2021 that no new coal plant will be financed. Balance of Payment (BoP) crisis, along with high circular debt and surplus capacity have already scaled back future CPEC investment, as indicated by the shelving of the 1,320 MW Rahim Yar Khan...
“We are in the early stages of fiscal consolidation and external account stabilisation,” said Mr Sherani, who correctly predicted Pakistan’s balance of payment crisis in early 2017. “How forceful and meaningful the government’s reform efforts are from here on will determine if the country’...