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  Why did cash-strapped Pakistan require another IMF loan and what it entails? EXPLAINED

  Explainers | September 27, 2024 18:06 IST

  Pakistan's crumbling economy has been beset by decades of financial mismanagement and poor governance, as citizens are struggling to meet their basic needs. This is Pakistan's 25th loan from the IMF and it has become the lender's fifth-largest debtor.

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  Cash-strapped Pakistan gets $7 bn loan from IMF, Finance Minister highlights 'transitional pain'

  World | September 27, 2024 10:43 IST

  The $7 billion loan is Pakistan's 25th IMF payout programme since 1958 in exchange for unpopular reforms like increasing taxes. Decades of mismanagement and poor governance brought Pakistan to the brink of default last year as the country faced heavy economic losses.

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  'Can't survive without another IMF programme': Pakistan PM Sharif says another bailout is inevitable

  World | March 21, 2024 16:59 IST

  The comments by Sharif came a day after the IMF said it had agreed to a provisional or staff-level agreement with Islamabad which, if approved by its board, will disburse the last tranche of $1.1 billion under the $3 billion standby arrangement.

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  IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package

  World | March 20, 2024 13:12 IST

  Despite Pakistan showing improvement in some areas, the IMF predicted that the country's economic growth remains modest and inflation was above target. The IMF Executive Board had approved the $3 billion Stand-By Arrangement (SBA) for the cash-strapped Pakistan last year.

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  Pakistan says IMF conditions for USD 1.2 B tranche met ahead of visit of global lender's review

  World | February 25, 2024 18:14 IST

  The Ministry of Energy officials said they have met the end-December targets related to containing the flow of circular debt below Pakistani Rs 385 billion, timely increase in the electricity prices, and slowing the increase in line losses.

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  '98 per cent job is done, only Excel sheet approval is pending': Pakistan Airlines on sale

  World | February 04, 2024 14:23 IST

  "Our job is 98% done," Privatisation Minister Fawad Hasan Fawad said when asked about the plan to sell the airline. "The remaining 2% is just to bring it on an Excel sheet after the cabinet approves it."

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  IMF, Pak govt reach agreement on second review of USD 6 bn bailout package

  World | February 28, 2020 15:08 IST

  The 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. 

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  US expresses 'strong views' on IMF loan to Pakistan, pushes for 'conditionality'

  Business | June 19, 2019 14:32 IST

  Pakistan last month reached an agreement with the Washington-headquartered International Monetary Fund (IMF) for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis.  

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  PM panel okays Rs 7,200 cr interest-free loans to sugar mills

  December 06, 2013 20:42 IST

  New Delhi: A ministerial panel set up by Prime Minister Manmohan Singh Friday recommended a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane

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  Saudis expected to extend $ 15 billion bailout package to Pakistan

  World | May 23, 2013 14:29 IST

  Islamabad, May 23: Saudi Arabia is expected to extend a whopping USD 15-billion bailout package to Pakistan's highly indebted energy sector, including the supply of crude and furnace oil on deferred payment, according to a

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  Govt Mulling Rs 30,000 Crore Bailout Package For Air India

  November 28, 2011 22:58 IST

  New Delhi, Nov 28: Seeking to turnaround ailing Air India, Government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said tonight.According to the

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