Pakistan reaches new $7 bn loan deal with IMF
8 months, 2 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 of about $7 billion,” the global lender said in an overnight statement, confirming the much-awaited deal subject to the approval by the IMF's Executive Board. “This includes steps to strengthen fiscal and monetary policy and reforms to broaden the tax base, improve State Owned Enterprises’ management, strengthen competition, secure a level playing field for investment, enhance human capital, and scale up social protection through increased generosity and coverage in the Benazir Income Support Programme,” it read. According to the statement, the new programme aims to capitalise on the hard-won macroeconomic stability achieved over the past year by furthering efforts to strengthen public finances, reduce inflation, rebuild external buffers and remove economic distortions to spur private sector-led growth.

Tax Billion Deal Eff Imf Pakistan  bn  support  reaches  tax  loan  programme  imf  pakistan  billion  help  deal  strengthen  statement

History of this topic

IMF approves $400 million disbursement to Ukraine, total reaches $10.1 billion
52 minutes ago

IMF approves $400 million disbursement to Ukraine, total reaches $10.1 billion

Firstpost  

Ukraine’s economy remained resilient despite challenging conditions, the IMF said in a statement A view of the International Monetary Fund logo at its headquarters in Washington, D.C., U.S. File image/ Reuters The International Monetary Fund said on Friday its board completed a review that would enable disbursing $400 million to Ukraine to be channeled for budget support. Ukraine’s economy remained …

IMF loans fail to spur growth, optimistic about last loan for Pakistan, says PM Sharif
1 day, 12 hours ago

IMF loans fail to spur growth, optimistic about last loan for Pakistan, says PM Sharif

Firstpost  

“We must transform this debt-ridden existence into a life of dignity and honour through skill and hard work,” said Pakistan Prime Minister Shehbaz Sharif Pakistan Prime Minister Shehbaz Sharif on Thursday said that the $1 billion loan from the IMF is not Pakistan’s earned income but borrowed funds and expressed hope that this would be country’s last IMF programme in …

IMF approves $1.3 billion loan for Pakistan, frees first tranche of bailout package
2 days, 19 hours ago

IMF approves $1.3 billion loan for Pakistan, frees first tranche of bailout package

The Hindu  

The International Monetary Fund approved a loan of USD 1.3 billion for Pakistan to address climate change while also reaching a staff-level agreement on the first review of the already agreed USD 7 billion loan. "The IMF team has reached a staff-level agreement with the Pakistani authorities on the first review of the 37-month extended arrangement under the Extended Fund …

IMF approves $1.3 billion loan to Pakistan, with conditions to reduce debt
Trending News
3 days, 1 hour 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 …

IMF expresses satisfaction with Pakistan’s economic measures
1 week, 6 days ago

IMF expresses satisfaction with Pakistan’s economic measures

The Hindu  

An International Monetary Fund mission after a key visit to Pakistan acknowledged that the country achieved a strong implementation of the $7 billion loan programme agreed upon last year, it emerged on Saturday. The IMF delegation led by Nathan Porter visited Islamabad and Karachi from February 24 to March 14 to undertake the First Review for the 37-month extended arrangement …

IMF to begin discussions on Pakistan’s request for climate resilience loan
1 month ago

IMF to begin discussions on Pakistan’s request for climate resilience loan

Live Mint  

Islamabad, Feb 24 A technical mission from the International Monetary Fund will begin discussions on Monday on Pakistan’s request for a loan on climate resilience, a media report said. The Fund had already advised Pakistan to invest 1 per cent of GDP per year in climate resilience and adaptation reforms to be ready to fight repeated and increasing cycles of …

IMF to begin discussions on Pakistan's request for climate resilience loan
1 month ago

IMF to begin discussions on Pakistan's request for climate resilience loan

New Indian Express  

Official sources said the relevant authorities, particularly the ministries of planning and finance, had prepared documentation for the Climate-Related Public Investment Management Assessment for coming budgets in line with policy advice of the IMF and the World Bank. The Fund had already advised Pakistan to invest 1 per cent of GDP per year in climate resilience and adaptation reforms to …

IMF mission after visiting Pakistan appreciates govt’s commitment to assessment
1 month ago

IMF mission after visiting Pakistan appreciates govt’s commitment to assessment

Live Mint  

Islamabad, Feb 22 An International Monetary Fund mission after visiting Pakistan to evaluate the country’s governance appreciated the government’s commitment to such assessments. In a recent statement on its website, the IMF recalled that its scoping mission visited Islamabad from February 6 to 14 “to lay the groundwork for a Governance and Corruption Diagnostic Assessment at the government's request.” “The …

IMF supports Pakistan PM's decisive actions for betterment of economy
1 month, 2 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 …

Pakistan cannot risk exiting IMF programme with USD 100 billion external financing needs: Minister
1 month, 4 weeks ago

Pakistan cannot risk exiting IMF programme with USD 100 billion external financing needs: Minister

Live Mint  

Islamabad, Jan 30 A minister said Pakistan cannot afford the risk of exiting the International Monetary Fund programme with USD 100 billion in external financing requirements in the short to medium term. "We have a narrow path from short to medium term due to USD 100 billion gross external financing needs and cannot be adventurous," Minister of State for Finance …

UAE rolls over $2 billion loan to Pakistan amid IMF bailout efforts
2 months, 1 week ago

UAE rolls over $2 billion loan to Pakistan amid IMF bailout efforts

Firstpost  

Pakistan’s central bank said on Thursday that the United Arab Emirates has confirmed rollover of its two deposits of $1 billion each placed with state bank of Pakistan for another year, according to a report Pakistan’s central bank said on Thursday that the United Arab Emirates has confirmed rollover of its two deposits of $1 billion each placed with state …

Pakistan blames IMF for record inflation, erosion in purchasing power
3 months, 2 weeks ago

Pakistan blames IMF for record inflation, erosion in purchasing power

Firstpost  

Under the IMF programme, Pakistan recorded 840% increase in gas prices, 110% rise in electricity rates, and 43% currency depreciation, according to Finance Minister Muhammad Aurangzeb Cash-strapped Pakistan has turned to the IMF yet again to rescue its ailing economy. Pakistani Finance Minister Muhammad Aurangzeb said on Wednesday that the country recoded 840 per cent increase in gas prices, 110 …

With economy in freefall, Pakistan’s global standing hits a new low
4 months ago

With economy in freefall, Pakistan’s global standing hits a new low

Firstpost  

Pakistan is a plutocracy—a government controlled by the wealthy and privileged. Pakistan’s terrorist connections, economic crisis, and political instability have all led to the Pakistani passport now being one of the least ‘powerful’ in the world. Banks: Pakistan owes $11.7 billion to banks in Saudi Arabia, the United Arab Emirates, and China’s State Administration of Foreign Exchange. Pakistani media sources …

Pakistan discusses $7 billion bailout reform with IMF, no new taxes planned
4 months, 1 week ago

Pakistan discusses $7 billion bailout reform with IMF, no new taxes planned

Firstpost  

The talks in Islamabad came within six weeks of the IMF approving the bailout, an unusual move as it is rare for the fund to discuss reforms ahead of a review of the reform plan under the loan programme. Pakistan’s Finance Minister Muhammad Aurangzeb said that the country discussed its $7 billion bailout reform agenda with the International Monetary Fund …

Pakistan’s $7 billion IMF deal has run into trouble. Here’s what happens next
4 months, 2 weeks ago

Pakistan’s $7 billion IMF deal has run into trouble. Here’s what happens next

Firstpost  

The chief of the Pakistan mission of the International Monetary Fund, which had agreed to a $7 billion funding agreement for the Pakistan in September, on Tuesday opened unscheduled talks with the country’s top officials, including the finance minister and governor of the State Bank of Pakistan. The International Monetary Fund’s Pakistan mission chief Nathan Porter met Finance Minister Muhammad …

IMF To Evaluate Pakistan’s External Financing Requirements In Upcoming Review, Says Report
4 months, 2 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 …

IMF to assess Pakistan's external financing needs during performance review discussions: Report
4 months, 2 weeks ago

IMF to assess Pakistan's external financing needs during performance review discussions: Report

New Indian Express  

ISLAMABAD: The IMF's unscheduled performance review discussions in Pakistan next week will primarily focus on the materialisation of new foreign loans to the country to fill nearly USD 2.5 billion in external financing gap for this fiscal year, according to a media report. The International Monetary Fund will assess Pakistan's external financing needs during these discussions, as some planned loans …

Rajnath Singh says ‘India would’ve given larger bailout package to Pakistan if…'
5 months, 4 weeks ago

Rajnath Singh says ‘India would’ve given larger bailout package to Pakistan if…'

Hindustan Times  

Defence minister Rajnath Singh on Sunday said that India would have given a larger bailout package to Pakistan than the one sought by the neighbour from International Monetary Fund, had Islamabad maintained friendly relations with New Delhi. The amount is much bigger than what Pakistan was seeking from the IMF," PTI quoted Rajnath as saying at an election rally in …

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

Pakistan's 24th IMF bailout: Time for Army to get back to barracks, quit anti-India intrigue
6 months, 2 weeks ago

Pakistan's 24th IMF bailout: Time for Army to get back to barracks, quit anti-India intrigue

Firstpost  

Since independence, the Pakistan Army has persistently built the narrative that it is the ultimate saviour of Pakistan from the eternal enemy, India. The people fed with this narrative have been willing to accept the Army’s role in the economic and business life of the country The Pakistan government has heaved a collective sigh of relief for the International Monetary …

Is Pakistan’s $7bn IMF bailout package in trouble?
6 months, 2 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 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 has paid over $3.5 billion in interest to IMF in 40 years
7 months, 3 weeks ago

Pakistan has paid over $3.5 billion in interest to IMF in 40 years

Hindustan Times  

Pakistan has paid over USD 3.5 billion in interest on loans to the International Monetary Fund in the last forty years. In the last four years alone, Pakistan borrowed over USD 6.26 billion from the IMF and repaid USD 4.52 billion. In 2024, Pakistan borrowed USD 1.35 billion in Special Drawing Rights from the IMF and repaid USD 646.69 million …

Pakistan’s Ambitious Budget Made With an Eye on IMF Deal
7 months, 4 weeks 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 …

Why Pakistan's IMF bailout won't be its 'last' as PM Sharif says
8 months, 1 week ago

Why Pakistan's IMF bailout won't be its 'last' as PM Sharif says

Firstpost  

The IMF last week agreed to loan Pakistan $7 billion to bail out its faltering economy. Pakistan’s economic realities may prove Sharif wrong in not too distant future The International Monetary Fund has once again agreed to extend a substantial $7 billion loan to Pakistan to stabilise its teetering economy. Pakistan Prime Minister Shehbaz Sharif told his ministers that this …

Pakistan to receive yet another loan from the IMF, $7 billion this time
8 months, 2 weeks ago

Pakistan to receive yet another loan from the IMF, $7 billion this time

Hindustan Times  

Pakistan and the IMF have agreed on a USD 7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting in Bali, Indonesia “Building on the economic stability achieved under the 2023 …

Pakistan reaches new $7 billion loan deal with IMF
8 months, 2 weeks ago

Pakistan reaches new $7 billion loan deal with IMF

Associated Press  

Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country’s latest turn to the global lender for help in propping up its economy and dealing with its debts through big bailouts. “The program aims to capitalize on the hard-won macroeconomic stability achieved over the past year by furthering efforts …

Pakistan President Zardari gives his assent to tax-laden Finance Bill criticised by opposition
8 months, 4 weeks ago

Pakistan President Zardari gives his assent to tax-laden Finance Bill criticised by opposition

The Hindu  

Pakistan President Asif Ali Zardari on June 30 gave his assent to the government’s tax-heavy Finance Bill 2024, which drew sharp criticism from the Opposition which labelled it as an IMF-driven document that was harmful to the public for the new fiscal year, according to a media report. Finance Minister Muhammad Aurangzeb presented the Budget in the National Assembly on …

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout
9 months, 2 weeks ago

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout
9 months, 2 weeks ago

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

Associated Press  

ISLAMABAD — Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax collection target while talks with the International Monetary Fund about a new bailout continue. Analysts say the new budget of about $68 billion — up from $50 billion …

Pakistan PM Shehbaz Sharif's office says UAE has committed $10 bln in investments
10 months ago

Pakistan PM Shehbaz Sharif's office says UAE has committed $10 bln in investments

Hindustan Times  

The United Arab Emirates on Thursday committed $10 billion to invest in promising economic sectors in Pakistan, Islamabad said. The investment pledge came after a meeting between Pakistani Prime Minister Shehbaz Sharif, on a two day visit to the UAE, met President Sheikh Mohamed bin Zayed Al Nahyan. The investment pledge, also announced by the Emirati state news agency, came …

Pakistan seeks 24th 'longer and larger' bailout programme from IMF
10 months, 1 week ago

Pakistan seeks 24th 'longer and larger' bailout programme from IMF

Hindustan Times  

The International Monetary Fund confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility, reported ARY News. She noted that on April 29, the IMF Executive Board completed the second review of the stand-by arrangement for Pakistan, allowing a disbursement of about USD 1.1 billion, ARY News reported. Pakistan …

IMF team in Pakistan as doubts cloud debt-repayment
10 months, 2 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 doubts cash-strapped Pakistan's repayment capacity as support team arrives in Islamabad
10 months, 2 weeks ago

IMF doubts cash-strapped Pakistan's repayment capacity as support team arrives in Islamabad

Hindustan Times  

Islamabad, The IMF has said that Pakistan faces major debt-repayment challenges and expressed serious doubts over the cash-strapped country's capacity to repay the global lender, according to a media report on Saturday. IMF doubts cash-strapped Pakistan's repayment capacity as support team arrives in Islamabad The Washington-based bank's assessment of Pakistan's economy came as an IMF support team reached the country …

Pakistan to seek rollover of $12 billion debt to meet budget targets before IMF team’s arrival
10 months, 2 weeks ago

Pakistan to seek rollover of $12 billion debt to meet budget targets before IMF team’s arrival

The Hindu  

Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected arrival of an IMF team to the cash-strapped country. According to the …

IMF says its mission will visit Pakistan this month to discuss new loan
10 months, 3 weeks ago

IMF says its mission will visit Pakistan this month to discuss new loan

Hindustan Times  

By Ariba Shahid IMF says its mission will visit Pakistan this month to discuss new loan KARACHI, - An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, the lender said on Sunday ahead of Islamabad beginning its annual budget-making process for the next financial year. Pakistan last month completed a short-term $3 …

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan
10 months, 4 weeks ago

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan

Deccan Chronicle  

Washington/Islamabad: The IMF has approved an immediate disbursal of the final tranche of USD 1.1 billion to Pakistan as part of a bailout package, emphasising that the cash-strapped country needs to take tough measures to bring its economy back on track. The International Monetary Fund Executive Board's decision on Monday came after the global lender completed the second and final …

IMF approves final $1.1 billion tranche for Pakistan's bailout package
10 months, 4 weeks ago

IMF approves final $1.1 billion tranche for Pakistan's bailout package

Hindustan Times  

The executive board of the International Monetary Fund approved $1.1 billion in funding for Pakistan on Monday, the agency said in a statement, amid discussions for a new loan. The funding is the second and last tranche of a $3 billion standby arrangement with the IMF The funding is the second and last tranche of a $3 billion standby arrangement …

IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan
10 months, 4 weeks 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 promises Pakistan ‘immediate’ release of $1.1bn loan after key meet
10 months, 4 weeks 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 …

Pakistan PM Shehbaz Sharif calls for another loan from IMF
1 year ago

Pakistan PM Shehbaz Sharif calls for another loan from IMF

Firstpost  

The Prime Minister stated that the FBR will undergo a complete restructuring in relation to tax reforms. He mentioned that we would need to increase the tax base in light of the low tax to GDP ratio According to Shehbaz Sharif, the federal government will work with the provincial governments to solve issues and create favorable conditions for the private …

Cash-strapped Pakistan seeking 24th bailout, confirms IMF
1 year ago

Cash-strapped Pakistan seeking 24th bailout, confirms IMF

Firstpost  

According to the statement, the delegation from the multinational lender and the Pakistani government came to an agreement at the staff level over the second and final assessment of Pakistan’s stabilization program, which is backed by the USD 3 billion standby arrangement that the IMF approved in July of last year According to the statement, Pakistan would have access to …

Pakistan can’t survive without another IMF assistance, says PM Shehbaz Sharif
1 year ago

Pakistan can’t survive without another IMF assistance, says PM Shehbaz Sharif

Live Mint  

Pakistan Prime Minister Shehbaz Sharif on Thursday said the economy of the country can't survive without another assistance from the International Monetary Fund, news agency Reuters reported. Hoping to get an aid of $1.1 billion tranche from the global financial agency next month, the Pakistan prime minister said the country needs to bring deep-rooted structural reforms with the two-three year …

Pakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says
1 year ago

Pakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says

Associated Press  

ISLAMABAD — 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. An IMF statement said it “has reached a staff-level agreement with the Pakistani authorities” and noted that approval by the IMF’s executive board “is considered a formality.” The …

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 …

Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package
1 year ago

Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package

Al Jazeera  

The funds are the final tranche of a $3bn programme agreed upon last year to avert a default, as Islamabad seeks another long-term bailout. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF said in a statement on Wednesday. The IMF said Pakistan’s “economic and …

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 …

Pakistan's new finance minister Muhammad Aurangzeb is an ex-JPMorgan banker: All you need to know
1 year ago

Pakistan's new finance minister Muhammad Aurangzeb is an ex-JPMorgan banker: All you need to know

Hindustan Times  

Pakistan’s prime minister Shehbaz Sharif picked former banker from JPMorgan Chase & Co. Muhammad Aurangzeb as country's next finance minister. The 59-year old was appointed to the position after he stepped down as chief executive officer of Pakistan’s biggest bank Habib Bank Ltd. Other possible candidates for the post were longtime Shehbaz Sharif ally Ishaq Dar and ex-central bank governor …

Pakistan swears in new parliament amid chaotic scenes, as Imran Khan's party protests vote count
1 year ago

Pakistan swears in new parliament amid chaotic scenes, as Imran Khan's party protests vote count

The Hindu  

Pakistan's National Assembly swore in newly elected members on Thursday in a chaotic scene, as allies of jailed former Premier Imran Khan protested what they claim was a rigged election. Lawmakers from Mr. Khan's Pakistan Tehreek-e-Insaf party repeatedly chanted "Vote-thief!” as Shehbaz Sharif, who's expected to form the government, entered the Lower House of parliament with his brother Nawaz Sharif. …

Discover Related