Pakistan PM Sharif Welcomes IMF's $7 Billion Funding Agreement
Pakistan has been struggling with boom-and-bust economic cycles for decades, leading to 22 IMF bailouts since 1958. Currently the country is the IMF's fifth-largest debtor, owing the Fund $6.28 billion as of July 11, according to the lender's data.
Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a ...
Pakistan’s Finance Minister Muhammad Aurangzeb warned that the country would face “transitional pain” after the International Monetary Fund (IMF) agreed to loan Pakistan USD 7 billion, which the Prime ...
Pakistan has secured significant financing assurances from China, Saudi Arabia, and the UAE as part of a new IMF program that extends beyond rolling over $12 billion in loans. This program requires ...
ISLAMABAD (AP) — The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two ...
Sharif specially thanked China for helping Pakistan to secure the bailout, but declined to provide further details. The IMF had asked Pakistan to broaden the country's tax base and eliminate ...
The International Monetary Fund has approved an “extended fund facility” worth $7 billion for Pakistan, its 24th bailout ...
ISLAMABAD: Finance Minister Muhammad Aurangzeb has warned non-filers of strict restrictions which will “further limit their ...
Fund warns structural challenges remain formidable with insufficient spending on health, education, infrastructure ...
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