bailout

The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country's ailing economy. The nine-month agreement must be approved by the IMF's Executive Board, which is…

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A beleaguered trucking business that received a $700 million pandemic-era loan from the federal government may be forced to file for bankruptcy protection this summer amid a dispute with its union, a development that could leave American…

ISLAMABAD: Pakistan hopes a bailout decision from the International Monetary Fund will come in a day or two, its prime minister said on Tuesday, after a telephone conversation with the chief of the global lender.Islamabad has been waiting…

ISLAMABAD: Pakistan PMShehbaz Sharif met IMF MD Kristalina Georgieva in Paris on Thursday for release of halted funds ahead of the credit line’s expiry next week. The Paris pitch came amid claims back home that Shehbaz’s finance minister…

<!-- -->Pakistan is seeing no signs of securing external financing any time soon amid political instability.Islamabad:  In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported…

ISLAMABAD: The International Monetary Fund (IMF) has raised serious objections over Pakistan’s budgetfor 2023-24, lessening chances that the global lender will revive the loan programme that the cash-starved country has been seeking to…

An undated image of Moody's headquarters in New York, US. — AFP/FileMoody's Investors Service has warned that Pakistan is at an increased risk of failing to restart its $6.7 billion bailout programme with the International Monetary…

Pakistan PM Shehbaz Sharif said the government has tackled the economic crisis despite internal and external threats to the country. (Image: Reuters)Finance minister Ishaq Dar unveiled a new budget and said it is in line with IMF’s…

Last Updated: May 11, 2023, 15:26 ISTA currency trader counts Pakistani Rupee notes as he prepares an exchange of US dollars in Islamabad, Pakistan (Image: Reuters/Representative)The unrest comes at a time when the Shehbaz Sharif government…