New York paying $220 million to hotel owned by Pakistan govt, says Vivek Ramaswamy
Dec 01, 2024, at 10:42 pm
New York: The City of New York is reportedly paying $220 million to rent the Roosevelt Hotel, owned by the Government of Pakistan, to house illegal immigrants.
Pakistan’s IMF engagement: A perpetual cycle of bailouts and lessons unlearned
Apr 22, 2024, at 11:08 pm
Cash-strapped Pakistan has officially approached the International Monetary Fund (IMF) for another bailout package ranging between $6 billion and $8 billion, with the possibility of augmentation through climate financing.
Pakistani leader Ahsan Iqbal slams Imran Khan for sending letter to IMF over national polls
Feb 27, 2024, at 10:50 pm
Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal has slammed former PM Imran Khan for writing a letter to the International Monetary Fund (IMF) over the issue of auditing general polls.
IMF allows disbursement of 700 mln USD to economic-crisis-hit Pakistan
Jan 12, 2024, at 10:27 pm
The Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan's economic reform program supported by the IMF's Stand-By Arrangement (SBA), allowing for an immediate disbursement of about 700 million U.S. dollars, the IMF said Thursday.
IMF issue: Gas tariff for protected consumers in Pakistan may increase by 100pc from January
Dec 07, 2023, at 12:48 am
With the gas system facing a Rs100 billion deficit on their account, senior officials have said authorities are working on a staggered increase for ‘protected residential consumers’ across the country from January 2024.
IMF expects Pakistan’s debt to be around Rs82tr by end of ongoing financial year
Dec 02, 2023, at 11:40 pm
The International Monetary Fund (IMF) estimates that Pakistan’s rising debt might soon reach Rs82 trillion at the end of the ongoing financial year which will end on June 30, 2024, media reports said.
Pakistan Minister feels country's exit from IMF loans not anytime soon
Nov 18, 2023, at 11:59 pm
The Pakistani government has said the country will need more IMF loan programmes for some time as the country's economy remains fragile.
IMF approves $3 billion bailout package for Pakistan
Jul 13, 2023, at 07:15 am
Islamabad: The board of the International Monetary Fund (IMF) has approved a $3 billion bailout package for Pakistan, Reuters reported.
IMF's $3 billion bailout package approved by Sri Lanka
Apr 29, 2023, at 04:35 am
Colombo/IBNS: Sri Lanka's Parliament gave the green light to a USD 3 billion bailout package from the IMF, aimed at revitalizing the country's economy that has been severely affected by a disastrous economic and humanitarian crisis resulting from a combination of poor management over the years and the ongoing pandemic on Friday.
Sri Lanka's financial crisis: India, US, Japan secure USD 2.286 bn IMF bailout
Mar 28, 2023, at 05:37 am
Colombo: After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7 bn to Sri Lanka, the International Monetary Fund (IMF) has finally approved a USD 2.286 billion bailout for financially-hit Sri Lanka.
IMF to approve USD 2.9-bln bailout package for Sri Lanka: Central bank governor
Mar 20, 2023, at 12:18 am
Colombo: Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country's "dollar crisis" is over, as the International Monetary Fund (IMF) is set to approve a 2.9 billion U.S. dollar bailout package for the country on Monday.
US willing to cooperate with Pak over IMF deal: US Ambassador to Pakistan
Mar 16, 2023, at 07:23 am
Islamabad: US Ambassador to Pakistan Donald Blome wished for a deal between Pakistan and the International Monetary Fund (IMF) assuring Washington's willingness to support the country in its efforts to resume a stalled $6.5 billion bailout programme.
Pakistan fails to pursue IMF to release $1.1 billion of bailout package ; talks to continue
Feb 12, 2023, at 02:43 am
Islamabad: In a big blow to cash-strapped Pakistan, the talks with IMF, to access the stalled $1.1 billion of a bail-out package, failed to make headway on Saturday, Reuters reported.
Economic Crisis: Despite all efforts, Pakistan fails to woo IMF
Feb 10, 2023, at 02:48 pm
Islamabad: Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement after 10 days of "tough" parleys aimed at unlocking critical funds needed for the cash-strapped nation.
IMF lays 'tough conditions' to release $1.1 billion to cash-strapped Pakistan
Feb 05, 2023, at 07:43 pm
Islamabad: The International Monetary Fund (IMF) has laid a string of “tough conditions” to bail Pakistan out of its spiralling financial crisis, Prime Minister Shehbaz Sharif said, media reported.
US Representative leads bill to support Taiwan’s participation in IMF
Feb 01, 2023, at 02:10 am
Washington: As first reported in POLITICO, U.S. Representative Young Kim (CA-40), who serves on the House Financial Services Committee and House Foreign Affairs Committee, recently introduced the Taiwan Non-Discrimination Act (H.R. 540) with Rep. Al Green (TX-09) to support Taiwan’s participation in the International Monetary Fund (IMF).
IMF approves 4.7 bln USD loans for Bangladesh
Jan 31, 2023, at 10:26 pm
Dhaka: The Executive Board of the International Monetary Fund (IMF) has approved 3.3 billion U.S. dollars under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) agreements as well as 1.4 billion dollars under the Resilience and Sustainability Facility (RSF) for Bangladesh.
Pakistan's currency drops to a record low after govt ends control
Jan 27, 2023, at 02:51 am
Islamabad: Pakistan's currency Thursday fell to a record low of Rs 255 against the US dollar, according to local media reports.
Pakistan govt fears losing popularity ahead of polls due to IMF deal
Jan 26, 2023, at 10:15 pm
Islamabad: The Pakistani government is fearing that it might lose popularity ahead of the general polls which is keeping it away from finalising a deal with the International Monetary Fund (IMF) that could stabilise the economy.
Pakistan requests IMF to send review mission next week
Jan 20, 2023, at 09:09 pm
Islamabad: Pakistan Prime Minister Shehbaz Sharif sent a letter to the International Monetary Fund (IMF) requesting the lender of the last resort to send its review mission to the federal capital next week, media reports said.
IMF approves 3-bn-USD loan to Egypt
Dec 18, 2022, at 05:43 pm
Cairo: The International Monetary Fund (IMF) said that its executive board has approved a loan to Egypt of about 3 billion US dollars over 46 months.
China’s stand may deprive Sri Lanka of USD 2.9 bn from IMF in early 2023: CPA chief
Nov 19, 2022, at 02:48 am
Colombo: Executive Director of the Centre of Policy Alternatives (CPA) Dr. Paikiasothy Saravanamuttu has said China’s unwillingness to accept the proposed debt restructuring might deprive economic-crisis-hit Sri Lanka of the USD 2.9 billion credit facility, from the IMF.
Sri Lanka should have embraced IMF earlier: State Finance Minister
Sep 28, 2022, at 10:43 pm
Colombo/UNI: Sri Lanka would not have landed in an economic mess if only previous governments had adhered to the agreements with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said in remarks published on Wednesday.
Pakistan facing severe liquidity crunch
Sep 12, 2022, at 01:06 am
Pakistan, a nation which is facing severe flooding in recent weeks, is reeling under a dollar liquidity crunch, media reports said.
Global economy: Outlook worsens as global recession looms – IMF
Jul 27, 2022, at 08:26 pm
New York: Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest report released on Tuesday by the International Monetary Fund (IMF).
Pakistan Finance Minister Miftah Ismail says IMF unhappy with income tax move
Jun 12, 2022, at 08:22 pm
Islamabad: Pakistan's Finance Minister Miftah Ismail has said that the International Monetary Fund (IMF) has expressed dissatisfaction over the country's budget, The News reported on Sunday.
Sri Lanka Economic Crisis: Govt announces default on all $51 billion debt
Apr 12, 2022, at 11:27 pm
Colombo: Sri Lanka has run out of foreign exchange and its government on Tuesday announced that it will be defaulting on all its external debt $51 billion as a last resort to prevent further deterioration of its financial position.
Will be forced to approach IMF again if exports don't rise: PM Imran Khan
Jan 12, 2022, at 03:23 pm
Islamabad/UNI: Pakistan Prime Minister Imran Khan said on Tuesday that his government will be forced to approach the International Monetary Fund (IMF) again if the country’s exports did not increase sharply, Dawn reported on Wednesday.
IMF now defers Pakistan's 6th review to release $1 billion under fund facility
Jan 12, 2022, at 01:51 am
Islamabad: After receiving a request from the Pakistani government, the Executive Board of the International Monetary Fund (IMF) has postponed the consideration of completion of the Sixth Review and release of $1 billion tranche under the Extended Fund Facility (EFF) which was set for January 12.
Pakistan govt may impose more taxes to meet IMF targets
Oct 30, 2021, at 05:05 pm
Pakistan's Advisor to Prime Minister on Finance and Revenue Shaukat Tarin recently hinted that more taxes may be imposed to meet the annual tax collection target after completion of talks with the International Monetary Fund (IMF).