bailout

ISLAMABAD: Pakistan and the IMF reached a staff-level agreement for the release of a $700 million second tranche of an ongoing $3 billion bailout package, the global lender said on Wednesday, in a major relief to the cash-strapped…

Three years after receiving a $700 million pandemic-era lifeline from the federal government, the struggling freight trucking company Yellow is filing for bankruptcy.After monthslong negotiations between Yellow’s management and the…

Yellow, the beleaguered trucking company that received a $700 million pandemic loan from the federal government, notified staff on Friday that it is shutting down and laying off employees at all of its locations.The move comes ahead of an…

A little more than a week after approving a $3 billion bailout programme for Pakistan, the International Monetary Fund (IMF) has said the country needs another programme and support from other multilateral lenders. Citing that the South…

<!-- -->It added the arrangement comes at a challenging economic juncture for Pakistan.Islamabad: The International Monetary Fund's board approved a $3 billion bailout programme for Pakistan on Wednesday, the lender said, which will…

KARACHI: Pakistan's main opposition leader and former PM Imran Khan expressed support for a recently-reached bailout deal with the IMF after a meeting with officials of the lender on Friday, his party said. The IMF said it was, in the lead…

KARACHI: Pakistan's main opposition leader and former prime minister Imran Khan expressed support for a recently-reached bailout deal with the International Monetary Fund (IMF) after a meeting with officials of the lender on Friday, his…

International Monetary Fund (IMF) building in Washington DC. — AFP/FileIn a bid to seek assurance and support for the key objectives and policies under the recently announced $3 billion bailout programme, a delegation of the…

The headquarters of the International Monetary Fund (IMF) in Washington. — AFP/FileFormer federal minister for economic affairs Hammad Azhar announced Friday that a team from the International Monetary Fund (IMF) was set to meet…

<!-- -->Pakistan is going through its worst economic crisisPakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to…