Imf Bailout Package

China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.

The International Monetary Fund's (IMF) executive board has given the green light for a USD 1.1 billion loan tranche for Pakistan, signaling the conclusion of the second bailout package, ARY News reported.

Announcing the staff-level agreement on the successful completion of the existing short-term facility, the IMF has confirmed that cash-strapped Pakistan is seeking a 24th medium-term bailout package.

Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic

China has given assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed $2.9-billion bailout package from the IMF, President Ranil Wickremesinghe said today.

The programme's ninth review is currently pending with talks being held between IMF officials and the government for the release of $1.18 billion.

Cash-strapped Pakistan has urged the US to use diplomatic influence to convince the IMF to show a lenient attitude towards Islamabad, amid tough conditions conveyed by the global lender to revive its fund programme, a media report said on Thursday.

China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to

S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.

President Ranil Wickremesinghe and a visiting IMF team on Wednesday analysed Sri Lanka's current economic crisis as the two sides began crucial talks to finalise a bailout package and secure a staff-level agreement for the cash-strapped country.

Pakistan on Thursday lifted the ban on the import of non-essential and luxury items to meet a condition of the IMF ahead of the global lender's meeting later this month to decide on a bailout package for the cash-strapped nation.

The International Monetary Fund (IMF) convened a meeting of its executive board on August 29 to approve a bailout package for cash-starved Pakistan, including disbursement of about USD 1.18 billion, before the close of the current month, a media report said on Saturday.

Days after seeking US help in securing an early release of a crucial USD 1.7 billion instalment from the IMF to Pakistan, Army chief General Qamar Javed Bajwa has now reached out to Saudi Arabia and the UAE as part of his efforts to ensure financial

Pakistan's Interior Minister Rana Sanaullah on Sunday said that the International Monetary Fund (IMF) had not released the tranche for the USD 6 billion bailout package under its extended fund facility.

Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to USD 8 billion, giving a breathing space to the new government led by Prime Minister Shehbaz Sharif.

China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.

The International Monetary Fund's (IMF) executive board has given the green light for a USD 1.1 billion loan tranche for Pakistan, signaling the conclusion of the second bailout package, ARY News reported.

Announcing the staff-level agreement on the successful completion of the existing short-term facility, the IMF has confirmed that cash-strapped Pakistan is seeking a 24th medium-term bailout package.

Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic

China has given assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed $2.9-billion bailout package from the IMF, President Ranil Wickremesinghe said today.

The programme's ninth review is currently pending with talks being held between IMF officials and the government for the release of $1.18 billion.

Cash-strapped Pakistan has urged the US to use diplomatic influence to convince the IMF to show a lenient attitude towards Islamabad, amid tough conditions conveyed by the global lender to revive its fund programme, a media report said on Thursday.

China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to

S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.

President Ranil Wickremesinghe and a visiting IMF team on Wednesday analysed Sri Lanka's current economic crisis as the two sides began crucial talks to finalise a bailout package and secure a staff-level agreement for the cash-strapped country.

Pakistan on Thursday lifted the ban on the import of non-essential and luxury items to meet a condition of the IMF ahead of the global lender's meeting later this month to decide on a bailout package for the cash-strapped nation.

The International Monetary Fund (IMF) convened a meeting of its executive board on August 29 to approve a bailout package for cash-starved Pakistan, including disbursement of about USD 1.18 billion, before the close of the current month, a media report said on Saturday.

Days after seeking US help in securing an early release of a crucial USD 1.7 billion instalment from the IMF to Pakistan, Army chief General Qamar Javed Bajwa has now reached out to Saudi Arabia and the UAE as part of his efforts to ensure financial

Pakistan's Interior Minister Rana Sanaullah on Sunday said that the International Monetary Fund (IMF) had not released the tranche for the USD 6 billion bailout package under its extended fund facility.

Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to USD 8 billion, giving a breathing space to the new government led by Prime Minister Shehbaz Sharif.