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Benazir Bhutto government was sacked on the corruption charges and left economy of Pakistan in worst shape. Sharif government went to IMF on urgent basis for the first time and reached an agreement to get two amounts of US$265,370 (equivalent to $503,675 in 2023) and US$113,740 (equivalent to $215,880 in 2023) on October 20, 1997. [3]
IMF grants nine-month standby arrangement to Pakistan to ‘support the authorities’ economic stabilisation programme’ IMF approves much-awaited $3bn bailout for Pakistan, saving it from ...
The paper also reports that Pakistan received the most aid out of all the countries in Southern Asia, with India just behind receiving $589 million in 2015. The biggest part of the aid to Pakistan was given for basic education. Out of the total $649 million, $371 million or 57.16 per cent was given for basic education. [1]
Pakistan and the International Monetary Fund (IMF) on Wednesday reached a staff level agreement (SLA) on the second and final review of Pakistan's bailout program, which will release $1.1 billion ...
The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. "The IMF team has reached a staff-level agreement ...
In addition to loans, the program supported a skills scholarship initiative, a talent hunt for youth sports, and the establishment of a National Youth Council. However, in July 2022, the State Bank of Pakistan paused disbursements under the Kamyab Jawan Program. [4] The programme was revived by the Shehbaz Sharif government at the end of the ...
KARACHI, Pakistan (Reuters) -Pakistan's central bank has received $1.2 billion from the IMF as the first tranche of a $3 billion bailout to stabilise the economy, Finance Minister Ishaq Dar said ...
The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.