bailout

Islamabad Pakistan's Finance Minister Muhammad Aurangzeb said on Thursday the government hoped to reach a deal with the IMF this month to secure a new bailout package, and claimed talks with the global lender were progressing "positively." .Dollar-hungry Pakistan is turning its back on the...

Islamabad [Pakistan], Pakistan's parliament on Friday passed a high-tax finance bill for the next fiscal year amid ongoing negotiations for a new bailout from the International Monetary Fund (IMF).However, experts have criticized the flawed tax system, citing its contribution to widening...

ISLAMABAD: Prime Minister Shehbaz Sharif has promised to end Pakistan's dependence on foreign aid and IMF bailout and overtake neighboring countries in economic activity, as he pledged to reduce the cash-strapped government's expenses and revive the economy. Has outlined a series of bold reforms...

COLOMBO: The IMF has disbursed the third tranche of US$336 million from its US$2.9 billion bailout package to Sri Lanka, even as it cautioned that the cash-strapped country's economy remains weak and the path to debt sustainability " "Knife Edge". ,The third tranche under the Extended Fund...

“This achievement is testament to our dedication to driving forward economic reforms and securing a prosperous future for all Sri Lankans. Onward and upward!” Announcing the IMF financial approval, Foreign Minister Ali Sabri said in a post on social media platform X.To overcome the worst...

Colombo, Sri Lanka's macroeconomic policy reforms have begun to "bear fruit" and the country is expected to soon reach an agreement with external commercial lenders, the IMF said on Friday, after extending its US$2.9 billion loan to the cash-strapped country. Said ahead of the second review of...

COLOMBO, Sri Lanka The second review of the IMF's Extended Fund Facility as part of its $2.9 billion bailout is scheduled for June 12, Shehan Semsinghe, Minister of State for Finance of the cash-strapped island nation, said on Monday.Semasinghe expressed hope that if everything goes according...

ISLAMABAD: The IMF has asked Pakistan to share a draft of its under-prepared investment policy and ensure transparency in the functioning of the much-hyped Special Investment Facility Council (SIFC) as the cash-strapped country seeks a fresh bailout package. doing. The global lender, said in a...

Islamabad, Pakistan, is seeking a new US$6 billion to US$8 billion loan package from the IMF, will hold talks with officials of the Washington-based lender and discuss the terms of a new bailout for the cash-strapped country , according to a media report on Saturday.An IMF assistance team has...

Islamabad, Pakistan and the IMF have begun talks for a new bailout package to address the cash-strapped country's fiscal challenges and implement key reforms, media reports said on Tuesday.On Monday, International Monetary Fund (IMF) Pakistan Mission Chief Nathan Porter met Finance Minister...

LAHORE: Cash-starved Pakistan is getting ready to negotiate with the International Monetary Fund for a new bailout package, with Finance Minister Muhammad Aurangzey on Sunday saying privatization is necessary to achieve economic stability in the country.Speaking at the Pre-Budget Conference...

ISLAMABAD: Ahead of the IMF mission's visit to Pakistan, an advance team from the global lender has reached the cash-strapped country for talks regarding its request for a longer and bigger bailout package, according to a media report on Friday.Geo News quoted sources as saying that an...

ISLAMABAD [Pakistan], A team from the International Monetary Fund (IMF) arrived in Pakistan on Friday for talks as they requested a longer and bigger bailout package under the Extended Fund Facility (EFF), Geo News reported. has told. A team from the International Monterey Fund (IMF) arrived in...

This perception has arisen from a number of factors including slow economic growth, ever-increasing foreign debt, continued bailout programs, lack of cohesion among institutions, absence of clear and firm direction from the leadership, and serious political differences among political parties...

ISLAMABAD [Pakistan], The Executive Board of the International Monetary Fund (IMF) has greenlighted a US$1.1 billion loan tranche for Pakistan, marking the conclusion of the second bailout package, the latest funding, ARY News reported. Marks the third and final installment. The US$3 billion...

ISLAMABAD [Pakistan], Former Pakistan Prime Minister Shahid Khaqan Abbasi said the government's decision to seek a bailout from the International Monetary Fund is an admission that "we have failed," Pakistan-based The Express Tribune reported. He stressed that all indicators of the economy are...

Washington/Islamabad Pakistan has made a formal request to the IMF seeking the next bailout package of US$6 to 8 billion with the possibility of an increase through climate financing, a media report said on Saturday.Cash-strapped Pakistan also requested to send an International Monetary Fund...

COLOMBO (Reuters) - The Sri Lankan government said Tuesday it has failed to reach an agreement with its bondholders to restructure nearly $12 billion of debt, the latest blow to the cash-strapped island nation. Is aiming to meet the target for the next IMF tranche. Charity.Sri Lanka aims to...

Colombo: The Asian Development Bank (ADB) has said that "uncertainty" over the impending elections in Sri Lanka will lead to a possible deterioration in the country's economic outlook.Presidential elections are scheduled to be held in the island nation in the last quarter of this year, while...

ISLAMABAD [Pakistan], Pakistan has formally approached the global lender, the International Monetary Fund (IMF), for a medium-term Extended Access Facility (EFF) during the upcoming annual spring meetings of the Breton Vue Institutions (BWI), Geo News. Have decided. According to the report...