Bailout Package Latest News, Photos and Videos

IMF imposes 11 new conditions on Pak for bailout programme, flags rising tensions as risk: Report

World | May 18, 2025, 01:08 PM IST

Among the new requirements are the parliamentary approval of a Rs 17.6 trillion budget, an increase in the debt servicing surcharge on electricity bills, and the removal of restrictions on importing used cars older than three years.

Why did cash-strapped Pakistan require another IMF loan and what it entails? EXPLAINED

Explainers | Sep 27, 2024, 06:06 PM IST

Pakistan's crumbling economy has been beset by decades of financial mismanagement and poor governance, as citizens are struggling to meet their basic needs. This is Pakistan's 25th loan from the IMF and it has become the lender's fifth-largest debtor.

Pakistan Prime Minister Shehbaz Sharif with IMF Director

Cash-strapped Pakistan gets $7 bn loan from IMF, Finance Minister highlights 'transitional pain'

World | Sep 27, 2024, 10:43 AM IST

The $7 billion loan is Pakistan's 25th IMF payout programme since 1958 in exchange for unpopular reforms like increasing taxes. Decades of mismanagement and poor governance brought Pakistan to the brink of default last year as the country faced heavy economic losses.

Pakistan's Prime Minister Shehbaz Sharif

'Can't survive without another IMF programme': Pakistan PM Sharif says another bailout is inevitable

World | Mar 21, 2024, 04:59 PM IST

The comments by Sharif came a day after the IMF said it had agreed to a provisional or staff-level agreement with Islamabad which, if approved by its board, will disburse the last tranche of $1.1 billion under the $3 billion standby arrangement.

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

World | Mar 20, 2024, 01:12 PM IST

Despite Pakistan showing improvement in some areas, the IMF predicted that the country's economic growth remains modest and inflation was above target. The IMF Executive Board had approved the $3 billion Stand-By Arrangement (SBA) for the cash-strapped Pakistan last year.

Pakistan says IMF conditions for USD 1.2 billion tranche met ahead of visit of global lender's revie

Pakistan says IMF conditions for USD 1.2 B tranche met ahead of visit of global lender's review

World | Feb 25, 2024, 06:14 PM IST

The Ministry of Energy officials said they have met the end-December targets related to containing the flow of circular debt below Pakistani Rs 385 billion, timely increase in the electricity prices, and slowing the increase in line losses.

'98 per cent job is done, only Excel sheet approval is pending': Pakistan Airlines on sale

World | Feb 04, 2024, 02:23 PM IST

"Our job is 98% done," Privatisation Minister Fawad Hasan Fawad said when asked about the plan to sell the airline. "The remaining 2% is just to bring it on an Excel sheet after the cabinet approves it."

IMF, Pak govt reach agreement on second review of USD 6 bn bailout package

World | Feb 28, 2020, 03:08 PM IST

The IMF has said it has reached an agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review of the USD 6 billion loan approved for the cash-strapped country's fragile economy, a media report said on Friday.

US expresses 'strong views' on IMF loan to Pakistan, pushes for 'conditionality'

Business | Jun 19, 2019, 02:32 PM IST

Pakistan last month reached an agreement with the Washington-headquartered International Monetary Fund (IMF) for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis.

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