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Pakistan’s 60-year history with the IMF in one chart

Pakistan has taken 21 loans from the IMF

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May 16, 2019

 

IMF has softened its stance in talks with Pakistan: Minister of State for Revenue

The bailout package will likely be signed at the end of the fiscal year or early next financial year, say sources in the finance ministry

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February 7, 2019

 

Imported Nutella, cereal, fries, cheese running out in Karachi

Trader ability to import in bulk disturbed as duties rose

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December 7, 2018

 

Pakistan and IMF start bailout talks: What to expect and why should you care

An IMF delegation arrived in Islamabad on Wed

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November 7, 2018

 

The IMF loan won’t solve all of Pakistan’s problems

Moody’s says challenges will remain in the form of too many imports and borrowing related to CPEC projects

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October 18, 2018

 

Cartoon — Sabir Nazar

Pakistan will be approaching the IMF for a bail out

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October 10, 2018

 

Not so fast on the Islamic welfare state promise

News is floating around that the incoming new PTI government will, in the next few weeks, take loans from the IMF to shore up the weakening Pakistan economy. The number being thrown around is $12 billion to $15 billion. Question: Will the new Pakistani government be able to fulfill its promise to make Pakistan an…

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August 10, 2018

 

The US should worry about its own Chinese debt: Asad Umar

PTI leader and likely candidate for the post of finance minister in the upcoming government Asad Umar has said that the US should worry about its own Chinese debt and let us worry about our own. US Secretary of State Mike Pompeo had warned that any potential IMF bailout for Pakistan should not provide funds…

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August 4, 2018

 

5 economic things to expect in the first 100 days of the PTI government

The Pakistan Tehreek-e-Insaf is in a strong position to form the government after winning a majority in the general elections earlier this week. But with power, they say comes responsibility. The change of government is taking place at a time when the country is facing challenges, especially on the economic front and the responsibility of…

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July 27, 2018

 

Pakistan to knock on IMF’s door, predicts Moody’s

Pakistan will turn to the International Monetary Fund (IMF) to meet its external financing needs, Moody’s Investors Service said in a note on Friday. With the election results almost complete, the PTI looks set to form a majority government with the help of independents and smaller parties, putting fears of a hung parliament or weak…

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July 27, 2018

 

German lawmakers back Greek bailout despite rebellion

ATHENS: German lawmakers gave their go-ahead on Friday for the euro zone to negotiate a third bailout for Greece, but a warning from Chancellor Angela Merkel that the alternative was chaos failed to prevent a hefty rebellion in her own party. The Bundestag, the lower house of parliament, whose backing was essential for the talks…

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July 18, 2015

 

Greek parliament to vote on controversial bailout

ATHENS, Greece: Greece on Wednesday geared up for a crucial parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras's toughest political test yet. The embattled premier said he took “full responsibility” for signing an accord he did “not believe in,…

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July 15, 2015

 

Greek PM gets backing for bailout; EU, IMF give green light

ATHENS: Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majority in parliament. The measures, which received an initial green light from the European Union and International Monetary Fund…

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July 11, 2015

 

Greek PM makes new bailout offer after IMF default

BRUSSELS: Greek Prime Minister Alexis Tsipras made a fresh reform proposal to eurozone ministers on Wednesday after Greece became the first advanced economy to default on an IMF payment. Eurozone ministers were to consider the latest gambit by the leftist premier in a conference call later Wednesday even as debt-stricken Greece's creditors poured cold water…

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July 1, 2015

 

EU urges Greece to accept bailout deal

ATHENS: The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a choice of whether to stay in the euro. But Greek government sources said the leftist…

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June 30, 2015

 

ECC approves 2.9 billion rupees’ bailout package for Pakistan Steel

Staff ReportISLAMABAD: The Economic Coordination Committee (ECC) has approved 2.9 billion rupees’ bailout package for financial troubled Pakistan Steel Mills, SAMAA reports.An eight hour-long meeting of the ECC meeting was held under Finance Minister Ishaq Dar in Islamabad on Saturday to mull over different key financial issues.The meeting approved a bailout package of 2.9 billion…

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September 7, 2013

 

IMF bailout package: Pakistan agrees to increase tariffs, reduce power subsidy

Staff ReportISLAMABAD: Pakistan government has agreed to reduce subsidy and increase electricity tariffs in return for $5.3 billion bailout package from the International Monetary Fund, SAMAA reports.According to a spokesman of the Finance Ministry, during talks with the IMF representatives the government has agreed to gradually eliminate power subsidy and increase tariffs.Finance Minister Ishaq Dar…

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July 4, 2013

 

Pakistan to hold talks with IMF, WB for securing critical bailout package

Staff ReportISLAMABAD: A high-level team of the country’s economic managers will leave for Washington on April 18 to hold talks with the IMF and the World Bank to seek a critical bailout package for the country’s ailing economy, SAMAA reports.The delegation which will include governor State Bank of Pakistan, chairman Federal Board of Revenue and…

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April 13, 2013

 

Global shares, euro inch up after Cyprus bailout

LONDON: European shares and the euro inched higher on Tuesday, although gains were limited by fears that Cyprus's raid on bank deposits could become the template for future euro zone bailouts.Banks in Cyprus remain closed following the country's 10 billion euro bailout agreed at the weekend, but comments from Jeroen Dijsselbloem, the new head of…

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March 26, 2013

 

Asian shares, euro spooked by Cyprus bailout details

TOKYO: Asian shares edged lower and the euro wobbled on Tuesday as investors worried about potential future fallout from the Cyprus bailout scheme, after initial rallies on the last-minute rescue opened the way to book some profit.European markets were seen rebounding, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX likely to…

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March 26, 2013

 

Cyprus reaches last-minute deal on 10 billion euro bailout

BRUSSELS/NICOSIA: Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos…

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March 25, 2013

 
 
 
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