Since the IMF only provides a part of the loan a borrower needs, it requires the borrower to show that it has pledges from other lenders to bridge the gap
Pakistan will get another $1.3 billion from all-weather ally China to shore up its fast-depleting forex reserves, Finance Minister Ishaq Dar said on Monday
Cash-strapped Pakistan's current account deficit shrank 90.2% to $0.24 billion in January from $2.47 billion in the same month last year, the data shared by the State Bank of Pakistan (SBP) showed on Monday
Pakistan and the IMF have been holding virtual talks after the two sides held 10 days of intensive negotiations with an IMF delegation in Islamabad from January 31 to February 9, which failed to reach an agreement
Pakistan has a chronic balance of payments problem which was exacerbated in the last year, with the country's forex reserves declining to critical levels
Finance Minister Ishaq Dar, who had led the Pakistan side in talks, told the media on Friday that prior actions were needed as the two sides would resume the talks in virtual mode from Monday
Since the beginning, Pakistan has lived beyond its means. Its strategic location during the Cold War helped the country receive generous military funding from the US. USAID had also poured in money for education, health and...
The Pakistan government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme, Finance Minister Ishaq Dar said on Friday but acknowledged that both sides are...
Pakistan's foreign exchange has dropped below USD 3 billion and is in desperate need of financial assistance and a bailout package from the IMF to prevent it...
A meeting took place between Prime Minister Shehbaz Sharif and the International Monetary Fund (IMF) delegation, where the mission informed the premier about...
According to a media report, cash-strapped Pakistan government's talks with the IMF to secure a bailout package to avert a nearing sovereign default hit a snag...
According to sources, the IMF is currently asking Pakistani authorities to take additional taxation measures worth Rs 600 billion through a mini-budget
The finance minister said, "they are trying their best to improve Pakistan's condition under Prime Minister Shehbaz Sharif's leadership"
According to the State Bank of Pakistan, when the market opened on Friday the currency fell by Rs 7.17 or 2.73 per cent from Thursday’s close
The friendly countries were not named but likely include China which has close ties with both Pakistan and Russia
Pakistan Finance Minister Ishaq Dar was in Washington for talks with international lenders. He was heckled at the airport and called thief and liar.
About 1.8 to 2 million jobs have been lost due to the climate-change-induced calamity and average inflation in the cash-strapped country might touch the 23-25...
This year, Pakistan is scheduled to return $1.1 billion of Paris Club debt out of the total of $10 billion. Some $400 million of Japanese debt is maturing this...
Pakistan’s inflation measured by the consumer price index (CPI) accelerated to 27.3 per cent in August this year -- the level last seen in May 1975
The policy rate hikes that the RBI opted for would help in easing inflationary pressure, says the former RBI Governor
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The New York-based agency on Thursday affirmed its ‘B-’ long-term and ‘B’ short-term sovereign credit ratings on Pakistan
The International Monetary Fund on Thursday confirmed that an agreement was reached with Pakistan, which is facing a serious economic crisis since last one year
Pakistan is also reeling under a severe electricity crisis with both urban and rural areas across the country facing extended power outages
The country’s external debt servicing rose to $10.886 billion in the first three quarters of 2021-22 compared to $13.38 billion in the entire FY21
Prices of all petroleum products went up by about Rs14-19 per litre after the decision came into effect from midnight on Thursday
