Pakistan Bailout

Pakistan took a sigh of relief as the IMF on Monday approved the revival of its Extended Fund Facility (EFF) programme after which the cash-strapped country will receive the 7th and 8th tranche of USD 1.17 billion.

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.

Key progress has been made in talks on the revival of Pakistan's International Monetary Fund bailout programme, both sides said on Wednesday, with Islamabad expecting the lender to increase the size and duration of the 39-month, $6 billion facility.

The US has agreed to help cash-strapped Pakistan negotiate a deal with the IMF for the revival of the country's economic bailout programme with the global lender, a media report.

Pakistan has sought the support of the United States for the revival of the International Monetary Fund programme. Pakistan government's economic team met with US Ambassador Donald Blome in Islamabad to seek US's support and acknowledgement.

Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit.

Hot Mic with Nidhi Razdan: Pakistan is staring at a huge economic crisis. The country faces $6.4 billion in debt due over the next three years as Prime Minister Shehbaz Sharif's new government is trying to meet bailout terms set by the International

With the blame game still on between the present and former governments in Pakistan over the ongoing economic crisis in the country, Foreign Minister Bilawal Bhutto called the ongoing bailout deal with International Monetary Fund outdated.

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.

The International Monetary Fund (IMF) and cash-strapped Pakistan on Tuesday reached an agreement over reforms paving the way for imbursement of $500 million as part of revival of a stalled bailout programme, the finance ministry said.

The International Monetary Fund (IMF) has postponed the second review of its USD 6 billion bailout package for Pakistan scheduled on Friday, citing a delay by the country in implementing the agreed actions, a media report said today.

The International Monetary Fund or IMF has said it has reached an agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review of the USD 6 billion loan approved for the cash-strapped country's fragile economy, a media report said on Friday.

Pakistan took a sigh of relief as the IMF on Monday approved the revival of its Extended Fund Facility (EFF) programme after which the cash-strapped country will receive the 7th and 8th tranche of USD 1.17 billion.

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.

Key progress has been made in talks on the revival of Pakistan's International Monetary Fund bailout programme, both sides said on Wednesday, with Islamabad expecting the lender to increase the size and duration of the 39-month, $6 billion facility.

The US has agreed to help cash-strapped Pakistan negotiate a deal with the IMF for the revival of the country's economic bailout programme with the global lender, a media report.

Pakistan has sought the support of the United States for the revival of the International Monetary Fund programme. Pakistan government's economic team met with US Ambassador Donald Blome in Islamabad to seek US's support and acknowledgement.

Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit.

Hot Mic with Nidhi Razdan: Pakistan is staring at a huge economic crisis. The country faces $6.4 billion in debt due over the next three years as Prime Minister Shehbaz Sharif's new government is trying to meet bailout terms set by the International

With the blame game still on between the present and former governments in Pakistan over the ongoing economic crisis in the country, Foreign Minister Bilawal Bhutto called the ongoing bailout deal with International Monetary Fund outdated.

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.

The International Monetary Fund (IMF) and cash-strapped Pakistan on Tuesday reached an agreement over reforms paving the way for imbursement of $500 million as part of revival of a stalled bailout programme, the finance ministry said.

The International Monetary Fund (IMF) has postponed the second review of its USD 6 billion bailout package for Pakistan scheduled on Friday, citing a delay by the country in implementing the agreed actions, a media report said today.

The International Monetary Fund or IMF has said it has reached an agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review of the USD 6 billion loan approved for the cash-strapped country's fragile economy, a media report said on Friday.