Tag: BAILOUT

IMF agrees to lend $6bn to Pakistan: sources

--IMF team accepts govt’s stance of not further jacking up electricity prices --Lauds govt’s approach towards the state-owned loss-making organisations --Repayment of IMF loan taken in...

Pakistan receives final installment of $1bn from Saudi Arabia

ISLAMABAD: Pakistan received the last tranche of $1 billion as part of the Saudi Arabia bailout package on Friday. A State Bank of Pakistan official...

No headway made in first round of talks with IMF

--PTI govt digs in heels over increasing tax rates, raising power tariff, devaluing currency and revealing details of financial deals with China --IMF says both...

PM Khan to take final decision on IMF bailout

--Finance ministry to brief PM on talks with IMF --Arif Naqvi's presence in meeting chaired by PM may ignite a new controversy ISLAMABAD: Prime Minister Imran Khan...

Real leaders take ‘U-turns’, says PM Imran Khan

--PM says a leader who does not take 'U-turn' according to circumstances is not a 'real leader' --Claims Pakistan has received exceptional package from China...

Islamabad to receive $3bn aid from Riyadh in few days: Saudi...

ISLAMABAD: Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki said Wednesday that Pakistan will receive the first instalment of Saudi aid amounting to $3 billion in the next...

Govt set to shock electricity consumers

--Govt decides to withdraw Rs146bn subsidy being given to domestic consumers --Power Ministry proposes up to Rs20.70 per unit increase in price of electricity to...

A friend in need, bails out ‘in deed’

--Imran Khan will travel to Riyadh on Oct 23 to participate in Saudi investment moot, hold meetings with Saudi royal family --PM expected to push...

Uncertainty making investors wary

---PSX slides by 750 points as uncertainty looms over IMF bailout for PTI govt ---Rupee falls by 1.31 against dollar, analysts say govt should take...

Pakistan to decide on financial bailout in six weeks: Asad Umar

ISLAMABAD: With Pakistan facing a serious financial crisis, Asad Umar, the Pakistan Tehreek-e-Insaf (PTI) leader likely to be the next finance minister, has estimated...

US dashes PTI’s hope of IMF bailout

Pompeo says 'no rationale for IMF tax dollars to go to bail out Chinese bondholders or China itself' China hopes 'IMF will handle...

PML-N set country on path to bailout: Sherry Rehman

ISLAMABAD: PPP Vice President Senator Sherry Rehman slammed the government over Pakistan’s mounting external debt. “The alarming rise in our external debt shows the downward trajectory of...