What Assurances Did the US Seek from Pakistan to Support its Case with the IMF?
1 year, 7 months ago

What Assurances Did the US Seek from Pakistan to Support its Case with the IMF?

The Diplomat  

In a surprising turn of events, Pakistan was able to secure a $3 billion lifeline from the International Monetary Fund just when the lender’s previous Extended Fund Facility crashed on June 30. The approval of the IMF deal for Pakistan, however, has raised questions about whether Washington asked Islamabad for any quid pro quo against China. China's commercial and economic footprint in Pakistan is much larger than that of Washington's and the IMF deal doesn’t change that reality. And those meetings likely entailed U.S. officials urging Pakistan to take the necessary fiscal policy steps to meet IMF conditions, and Pakistani officials discussing their plans to do so, " Kugelman said. Kugelman agrees: "The deal won't dent China's interests in Pakistan as all the previous IMF deals with Pakistan didn't undermine China's interests in Pakistan.” Chinese investment and broader engagement continued uninterrupted, he noted.

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History of this topic

IMF approves $1.3 billion loan to Pakistan, with conditions to reduce debt
Trending News
1 week, 1 day ago

IMF approves $1.3 billion loan to Pakistan, with conditions to reduce debt

Firstpost  

The new 28-month deal would support Pakistan’s efforts to mitigate and adapt to climate change, the International Monetary Fund said in a statement announcing its decision The IMF said Tuesday it has reached agreement with Pakistan on a new $1.3 billion loan program and reviewed an existing bailout that would, if approved, unlock an additional $1 billion. The new 28-month …

Can Pakistan Navigate Its Security Crisis While Balancing US-China Ties?
2 weeks, 4 days ago

Can Pakistan Navigate Its Security Crisis While Balancing US-China Ties?

The Hindu  

Published : Mar 15, 2025 17:04 IST - 10 MINS READ In yet another blow to Pakistan’s internal security, militants seized control of a train in the Bolan area of Balochistan on March 11. Beijing investment It is pertinent to mention that with the US downgrading Pakistan in its foreign relations priority list, China has stepped in to provide Pakistan …

Pakistan feeling insecure under Trump 2.0: Time for Generals to smell the coffee
1 month, 2 weeks ago

Pakistan feeling insecure under Trump 2.0: Time for Generals to smell the coffee

Firstpost  

Sane Pakistanis should know that the path to their country’s security and prosperity lies through good ties with India. However, the two-nation theory, which the Generals and the political class remain committed to, prevents them from normalising ties and leads them to still retain the option of use of calibrated terror Pakistan is deeply concerned that it is not on …

IMF supports Pakistan PM's decisive actions for betterment of economy
1 month, 3 weeks ago

IMF supports Pakistan PM's decisive actions for betterment of economy

The Hindu  

The International Monetary Fund on Wednesday expressed support for decisive actions by Prime Minister Shehbaz Sharif’s government for the betterment of Pakistan’s economy. IMF Managing Director Kristalina Georgieva, who met CM Sharif during the Prime Minister’s visit to the United Arab Emirates, in a post on X said, “I am encouraged by their strong commitment to Pakistan’s IMF-supported reforms and …

Zardari in China but it's the same old story in Pakistan
Trending News
1 month, 4 weeks ago

Zardari in China but it's the same old story in Pakistan

Firstpost  

Zardari will fly down to China at a time when his country is grappling with economic and security issues, which indirectly poses a problem for Beijing which has ongoing projects there Pakistan’s President Asif Ali Zardari on Tuesday will begin his official five-day visit to China at the invitation of President Xi Jinping. This is the second time a high-ranking …

Pakistan and its US-vs-China dilemma: Goat caught between dragon and eagle
2 months, 1 week ago

Pakistan and its US-vs-China dilemma: Goat caught between dragon and eagle

Firstpost  

With Trump’s return to power and China’s growing influence, Pakistan faces the daunting challenge of redefining its foreign policy amid rising global uncertainties The calculation in Pakistan is going to change significantly with Donald Trump’s return to power, bringing uncertainty to Islamabad’s foreign policy. Trump’s “America First” policy, which focussed on US interests over multilateral engagement, could complicate Pakistan’s foreign …

How return of Donald Trump as POTUS is bad news for Pakistan
4 months, 3 weeks ago

How return of Donald Trump as POTUS is bad news for Pakistan

Firstpost  

In Trump’s new strategic geopolitical balance sheet, India is a valuable asset, while Pakistan is a manageable liability The return of Donald Trump as the US president is a bad news for Pakistan, as American strategy shifts uncomfortably and unpredictably fast. In Trump’s new strategic geopolitical balance sheet, India is a valuable asset, while Pakistan is a manageable liability. As …

IMF To Evaluate Pakistan’s External Financing Requirements In Upcoming Review, Says Report
4 months, 3 weeks ago

IMF To Evaluate Pakistan’s External Financing Requirements In Upcoming Review, Says Report

ABP News  

The International Monetary Fund will examine the external financing needs of Pakistan in its performance review discussions next week. The global body will hold an unscheduled discussion in the country and assess the need of new foreign loans to fill almost $2.5 billion in external financing gap needed for the fiscal year. Pakistan is currently facing delays in securing loans …

Trump 2.0: Will China and Imran Khan test Pakistan ties with the US?
4 months, 3 weeks ago

Trump 2.0: Will China and Imran Khan test Pakistan ties with the US?

Al Jazeera  

The former PM’s team hopes that Trump will lean on Pakistan to release him from jail. Islamabad, Pakistan – Amid a flurry of congratulatory messages from political leaders worldwide following his victory in the US presidential election, Donald Trump received a message from an unexpected source: Pakistan’s former Prime Minister Imran Khan, his “very good friend” who is currently in …

IMF approves a $7 billion loan for Pakistan, $1 billion given immediately
6 months, 1 week ago

IMF approves a $7 billion loan for Pakistan, $1 billion given immediately

Hindustan Times  

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 sides said they had reached an agreement. “Spending on health and education has been insufficient to tackle persistent poverty, and inadequate infrastructure investment has limited economic potential and left Pakistan vulnerable to …

Is Pakistan’s $7bn IMF bailout package in trouble?
6 months, 3 weeks ago

Is Pakistan’s $7bn IMF bailout package in trouble?

Al Jazeera  

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate. Earlier this week, Pakistan’s Deputy Prime Minister Ishaq Dar accused the IMF of “deliberately delaying” the release of funds. Pakistan eventually narrowly avoided default when Shehbaz Sharif, in his first stint as prime minister, managed to secure a new, nine-month long …

Should Pakistan Celebrate the New IMF Deal?
7 months, 1 week ago

Should Pakistan Celebrate the New IMF Deal?

The Diplomat  

In July, the International Monetary Fund and Pakistan reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement of about $7 billion. Following the confirmation of the new agreement with the IMF, Pakistan’s Prime Minister Shehbaz Sharif visited the Federal Bureau of Revenue headquarters and urged its officials to make utmost efforts to broaden the tax base. However, this …

Pakistan’s Ambitious Budget Made With an Eye on IMF Deal
8 months ago

Pakistan’s Ambitious Budget Made With an Eye on IMF Deal

The Diplomat  

Pakistan’s newly elected government recently presented its federal budget for 2024-2025, setting an ambitious tax revenue target of $46.66 billion – a nearly 40 percent jump from the past year. The government’s ambitious budget plans may impress international observers, but the true test will be whether it can overcome these deep-seated challenges to expand the tax net meaningfully. The government’s …

Pakistan reaches new $7 bn loan deal with IMF
8 months, 3 weeks ago

Pakistan reaches new $7 bn loan deal with IMF

The Hindu  

Pakistan and the International Monetary Fund have agreed on a $7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. “Building on the economic stability achieved under the 2023 Stand-by Arrangement, IMF staff and the Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement …

China urges Pakistan to do its 'utmost' to protect Chinese workers after recurrent attacks
10 months, 2 weeks ago

China urges Pakistan to do its 'utmost' to protect Chinese workers after recurrent attacks

India TV News  

Beijing: China urged Pakistan to do its "utmost" to protect thousands of Chinese workers involved in the China-Pakistan Economic Corridor projects after recurrent attacks on Chinese personnel became a major headache for Beijing. The demand came as Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar and Chinese Foreign Minister Wang Yi co-chaired the fifth round of the Foreign Minister-Level …

IMF team in Pakistan as doubts cloud debt-repayment
10 months, 3 weeks ago

IMF team in Pakistan as doubts cloud debt-repayment

Deccan Chronicle  

The Washington-based bank's assessment of Pakistan's economy came as an IMF support team reached the country on Friday to hold talks with officials here after Islamabad requested a fresh bailout package under the Extended Fund Facility. Exceptionally high risks notably from delayed adoption of reforms, high public debt and gross financing needs, low gross reserves and the State Bank of …

IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet
11 months ago

IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet

Al Jazeera  

Pakistan seeks another long-term IMF programme to support its ailing economy but experts say the focus must be on reforms. Islamabad, Pakistan – Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep …

IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan
11 months ago

IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan

India TV News  

Washington: The International Monetary Fund has finally approved the immediate disbursement of the $1.1 billion loan tranche to cash-strapped Pakistan, marking the conclusion of the second economic bailout package, Dawn reported. The IMF reached a staff-level agreement with cash-strapped Pakistan for the release of a $1.1 billion tranche last month, noting that Pakistan's inflation was above target and economic growth …

IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package
1 year ago

IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package

India TV News  

Washington: The International Monetary Fund on Wednesday announced that it has reached a staff-level agreement with cash-strapped Pakistan for the release of $1.1 billion tranche, the last of the $3 billion financial bailout package, as the global moneylender noted that Pakistan's inflation was above target and economic growth remained modest, reported the Express Tribune. “The IMF team has reached a …

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
1 year ago

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout

Associated Press  

ISLAMABAD — The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said Wednesday. Pakistan is likely to get the final installment of $1.1 billion from the IMF under …

Imran Khan asks IMF not to extend loan to Pakistan before election audit
1 year, 1 month ago

Imran Khan asks IMF not to extend loan to Pakistan before election audit

Hindustan Times  

Pakistan Tehreek-e-Insaf leader Imran Khan on Friday confirmed that he wrote a letter to the IMF, asking it to hold an audit of election results in Pakistan before approving any new loan for Islamabad. Imran Khan said that the loan would add to the country's debt and lead to more poverty. Khan's confirmation came after PTI senator Ali Zafar said …

Pakistan’s election chaos casts shadow on next IMF deal
1 year, 1 month ago

Pakistan’s election chaos casts shadow on next IMF deal

Al Jazeera  

Ex-PM Imran Khan has asked the IMF to factor in alleged rigging in recent elections. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the interim government had managed to achieve fiscal targets while also “protecting” the social safety net. “We look forward to working with the new government …

Pakistan’s election: Can the next government bring economic stability?
1 year, 1 month ago

Pakistan’s election: Can the next government bring economic stability?

Al Jazeera  

There will be no honeymoon period for winners of this week’s pivotal 2024 polls as economic challenges loom large. As the country found itself at a precarious juncture, then-Prime Minister Shehbaz Sharif managed to secure a crucial bailout package from the International Monetary Fund – its 23rd fund programme since 1958 – just weeks before the government’s term expired. ‘Anti-populist’ …

China Assures Pakistan of Its Support to Defend Sovereignty After Iran’s Airstrikes
1 year, 2 months ago

China Assures Pakistan of Its Support to Defend Sovereignty After Iran’s Airstrikes

News 18  

China has assured Islamabad of its support in defending its sovereignty and territorial integrity even while welcoming on Tuesday the restoration of diplomatic ties between Tehran and Islamabad after their recent air strikes against each other. As China’s Foreign Minister Sun Weidong visited Pakistan on a mediation mission, a statement from Foreign Ministry on Monday said it is maintaining close …

ECONOMIC PERSPECTIVES | IMF’s urgent loan to Pakistan driven by the West’s paranoia over China
1 year, 7 months ago

ECONOMIC PERSPECTIVES | IMF’s urgent loan to Pakistan driven by the West’s paranoia over China

The Hindu  

Published : Aug 10, 2023 11:00 IST - 6 MINS READ On July 14, the shaky government of a debt-stressed Pakistan won itself a surprising reprieve from the IMF. Pakistan’s government has also succeeded in getting fund flows from “friendly” nations—$3.7 billion from bilateral partners such as Saudi Arabia and the UAE—and a roll-over of around $4 billion in loan …

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says
1 year, 8 months ago

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

Associated Press  

ISLAMABAD — China has invested $25.4 billion in Pakistan over the past decade for projects ranging from roads to power plants, China’s vice premier said Monday, as the two countries celebrated the 10th anniversary of the so-called Belt and Road Initiative. In his televised remarks, Chinese Vice Premier He Lefing said Pakistan’s southwestern town of Gwadar was once just a …

Pakistan granted rollover on $2.4bn Chinese loan: minister
1 year, 8 months ago

Pakistan granted rollover on $2.4bn Chinese loan: minister

The Hindu  

China has granted Pakistan a two-year rollover on a $2.4 billion loan, Islamabad said Thursday, giving the debt-saddled nation breathing space in its balance-of-payments crisis. Soaring inflation, shrinking dollar reserves and crippling foreign debt led Pakistan to the brink of default before a pivotal $3 billion IMF bailout was granted earlier this month. Finance Minister Ishaq Dar said China's EXIM …

China Rolls Over $2.4 Billion Loan to Cash-Strapped Pakistan for Two Years
1 year, 8 months ago

China Rolls Over $2.4 Billion Loan to Cash-Strapped Pakistan for Two Years

News 18  

China has rolled over a USD 2.4 billion loan to its all-weather ally Pakistan for two years to help the cash-strapped country shore up its foreign exchange reserves, Finance Minister Ishaq Dar said on Thursday. “Chinese EXIM Bank has rolled over for 2 years principal amounts of following loans totalling US$ 2.4 billion which are due in next 2 fiscal …

IMF warns of ’exceptionally high’ risks for Pakistan
1 year, 8 months ago

IMF warns of ’exceptionally high’ risks for Pakistan

Live Mint  

The International Monetary Fund, based in Washington, has stated in a 120-page report released on Tuesday that Pakistan requires an additional IMF program and assistance from other international lenders beyond the current election cycle and the ongoing standby arrangement. The fund said, “Resolving Pakistan’s structural challenges, including long-term BOP pressures, will require continued adjustment and creditor support beyond the current …

Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF
1 year, 8 months ago

Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF

India Today  

An assessment from the International Monetary Fund has said that Pakistan's economic challenges were complex and multifaceted and risks were exceptionally high, The Dawn reported. “Resolving Pakistan's structural challenges, including long-term BOP pressures, will require continued adjustment and creditor support beyond the current programme period,” the Fund said in a report. “A possible successor arrangement could help anchor the policy …

‘Exceptionally high’ economic risks in Pakistan, IMF report says
1 year, 8 months ago

‘Exceptionally high’ economic risks in Pakistan, IMF report says

Al Jazeera  

Lender says a week after approving a $3bn bailout package for Pakistan that ‘significant shocks’ have rocked its economy. Islamabad, Pakistan – The International Monetary Fund says Pakistan’s economic challenges are “complex and multifaceted” and the risks are “exceptionally high”. In a report released on Tuesday, the global lender said Pakistan’s economy had been rocked by “significant shocks” over the …

Will Pakistan’s IMF agreement save its economy?
1 year, 8 months ago

Will Pakistan’s IMF agreement save its economy?

Al Jazeera  

It could heIp Pakistan stabilise the economy, but might not improve the government’s popularity. The International Monetary Fund’s board approved a $3bn bailout programme for Pakistan on Wednesday, which includes the immediate disbursal of about $1.2bn to help stabilise the South Asian country’s economy. In February, Global rating agency Moody’s cut Pakistan’s sovereign credit rating by two notches to ‘Caa3’, …

IMF approves much-awaited $3bn bailout for Pakistan, saving it from defaulting on debt
1 year, 8 months ago

IMF approves much-awaited $3bn bailout for Pakistan, saving it from defaulting on debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The IMF said in a statement that the executive …

Cash-Strapped Pakistan Secures USD 3 Billion Loan from IMF
1 year, 8 months ago

Cash-Strapped Pakistan Secures USD 3 Billion Loan from IMF

News 18  

The International Monetary Fund on Wednesday announced that it has approved a USD 3 billion loan agreement for Pakistan, unlocking crucial funding for the cash-strapped economy. In a statement, the IMF said its executive board gave the green light to the nine-month standby arrangement “to support the authorities’ economic stabilization program.” This follows a staff-level agreement between the fund and …

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt
1 year, 8 months ago

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The International Monetary Fund on …

IMF approves much-awaited $3bn bailout for Pakistan
1 year, 8 months ago

IMF approves much-awaited $3bn bailout for Pakistan

Al Jazeera  

IMF approves release of funds over nine months to support Pakistan’s economic stabilisation programme. In a statement on Wednesday, the IMF said its executive board gave the green light to the nine-month standby arrangement “to support the authorities’ economic stabilisation programme”. Pakistan has suffered from a balance-of-payments crisis as it tries to service burdensome external debt amid a fraught political …

Relief to cash-strapped Pakistan as it gets final IMF approval for USD 3 billion loan
1 year, 8 months ago

Relief to cash-strapped Pakistan as it gets final IMF approval for USD 3 billion loan

India TV News  

In a relief to cash-strapped Pakistan, the International Monetary Fund on Wednesday gave a final nod to a USD 3 billion “stand-by arrangement” for the country to support the government's efforts to stabilise the ailing economy. "The Executive Board of the International Monetary Fund approved a 9-month Stand-By Arrangement for Pakistan for an amount of SDR2,250 million to support the …

Pakistan assures IMF of $8 billion external payments: Report
1 year, 8 months ago

Pakistan assures IMF of $8 billion external payments: Report

India Today  

Cash-strapped Pakistan has provided the IMF with a financing plan for external payments, in which it has informed the global lender that it will arrange USD 8 billion for the purpose instead of USD 6 billion, according to a media report on Saturday. The Executive Board of the IMF will meet on July 12 to review the SBA for Pakistan …

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default
1 year, 9 months ago

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default

The Hindu  

The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country's ailing economy. Ms. Porter, the IMF’s mission chief to Islamabad, said Pakistan’s economy has faced several heavy blows recently, such as the devastating floods last summer that killed 1,739 people, caused $30 billion in damage and impacted …

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default
1 year, 9 months ago

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default

Associated Press  

ISLAMABAD — The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country’s ailing economy. Porter, the IMF’s mission chief to Islamabad, said Pakistan’s economy has faced several heavy blows recently, such as the devastating floods last summer that killed 1,739 people, caused $30 billion in damage and …

Pakistan seals $3 Billion lifeline: IMF deal offers hope for economic resurgence
1 year, 9 months ago

Pakistan seals $3 Billion lifeline: IMF deal offers hope for economic resurgence

Live Mint  

Cash-strapped Pakistan has reached a staff-level agreement with the Washington-based financial body International Monetary Fund for a crucial bailout package that could lift the South Asian nation out of the economic crisis. The country has got temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday, according …

Pakistan-IMF deal finalized! Staff-level agreement likely today, says FM Dar
1 year, 9 months ago

Pakistan-IMF deal finalized! Staff-level agreement likely today, says FM Dar

Live Mint  

Pakistan Finance Minister Ishaq Dar has said that a staff-level agreement for a crucial bailout deal with the International Monetary Fund is very close and expected in the next 24 hours, according to a report published by Dawn, a Pakistani English newspaper. With the bailout program set to expire on June 30, Pakistan has also revised its budget for the …

Why did Pakistan need the IMF deal? What does it need to do now?
1 year, 9 months ago

Why did Pakistan need the IMF deal? What does it need to do now?

Al Jazeera  

As Pakistan clinches a crucial $3bn bailout hours before deadline, here’s a look at what it means for the cash-strapped nation. The country’s central bank also hiked the key rate by 100 basis points in an emergency meeting on Monday, barely two weeks after keeping the rate unchanged in a scheduled meeting. Pakistan’s central bank should withdraw import restrictions put …

Pakistan, IMF reach $3bn staff-level agreement
1 year, 9 months ago

Pakistan, IMF reach $3bn staff-level agreement

Al Jazeera  

Pakistan could get temporary relief from its economic crisis with a new standby arrangement announced by the lender. The new standby arrangement builds on the 2019 programme, IMF official Nathan Porter said in a statement on Thursday, adding that Pakistan’s economy had faced several challenges in recent times, including devastating floods last year and commodity price hikes following the war …

Pakistan hopes for IMF bailout decision in a day or two: PM Shehbaz Sharif
1 year, 9 months ago

Pakistan hopes for IMF bailout decision in a day or two: PM Shehbaz Sharif

Live Mint  

Islamabad hopes a bailout decision from the International Monetary Fund in a day or two, Pakistan Prime Minister Shehbaz Sharif said on Tuesday, after a telephonic conversation with IMF Managing Director Kristalina Georgieva about the bailout funds, reported Reuters. "The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from the …

IMF puts fresh condition on crisis-hit Pakistan to revive loan
1 year, 9 months ago

IMF puts fresh condition on crisis-hit Pakistan to revive loan

Live Mint  

The International Monetary Fund has asked cash-strapped Pakistan to revise the budgetary framework for 2023-24 before its passage from the parliament in order to strike a staff-level agreement, according to a report published by The News International, an English-language newspaper in the crisis-hit country. Pakistan and the IMF are making efforts to evolve a broader agreement on the budgetary framework …

Pakistan PM meets IMF director in a last-ditch effort to get bailout
1 year, 9 months ago

Pakistan PM meets IMF director in a last-ditch effort to get bailout

The Hindu  

Pakistan Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva on Thursday as the cash-strapped country made a last-ditch effort to get a much-needed loan from the global lender, a media report said. Recalling their recent telephone conversation on May 27, 2023, the prime minister apprised Ms. Georgieva of Pakistan's economic outlook and outlined the steps taken by the …

Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default
1 year, 9 months ago

Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default

Associated Press  

ISLAMABAD — Pakistan’s premier Shahbaz Sharif met Thursday with the head of the International Monetary Fund on the sidelines of a global financing meeting in Paris, hoping to unlock a $6 billion bailout and gain the release of a critical tranche of $1.1 billion in loans which has been on hold since November. The meeting between Sharif and IMF’s Managing …

Pakistan Finance Minister Ishaq Dar blames geopolitics for stalled IMF loan; vows against default
1 year, 9 months ago

Pakistan Finance Minister Ishaq Dar blames geopolitics for stalled IMF loan; vows against default

The Hindu  

Pakistan’s Finance Minister Ishaq Dar has blamed geopolitics for a stalled International Monetary Fund loan package and said that global institutions wanted the cash-strapped country to default like Sri Lanka and then take part in the negotiations. Mr. Dar said that no reason had been given by the IMF for the “unnecessary delay” behind the ninth review, which has been …

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