Search results
Results from the WOW.Com Content Network
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]
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 ...
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 ...
Pakistan's government also confirmed the deal and and hailed it. The release of the $700 million still must be approved by the IMF's management and executive board, though such approvals are ...
Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday.
In July 2024, the IMF demanded abolition of the fund in return for further assistance. The IMF said that the Pakistani government may lose control over the strategic companies transferred to the fund. The IMF urged the government to strengthen its privatisation law instead of selling these strategic assets in a non-transparent manner. [2]
Dawn reported that the IMF was not "convinced" with the government's "justifications" for the amnesty scheme and relief package, [20] lead to the stalling of the $6 bailout package program. [ 21 ] During the government of Pakistan Tehreek-e-Insaf (PTI) increasing double-digit inflation led to growing political issues and deteriorating economic ...
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.