IMF to check Pakistan’s debt sustainability before loan: Official


The IMF will conduct a proper debt sustainability analysis of Pakistan before granting it any loan, a senior official has said, amid concerns that Islamabad is seeking a multibillion-dollar bailout package from the global financial body to pay back Chinese creditors.

Cash-strapped Pakistan is seeking USD 8 billion from the International Monetary Fund (IMF) to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country’s economy.

A recent meeting between the IMF and Pakistan ended in a stalemate. “Clearly debt transparency is essential to conduct a proper analysis of the sustainability of a country’s debt.  Read More

You may also read!

‘Navy Will Always Remain Ready to Protect, Promote, Preserve National Interests in Maritime Domain’

Indian Navy Chief Admiral Sunil Lanba said the Navy will "always remain ready" to "protect, promote and preserve national

Read More...

SpiceJet may have to shell out more for leasing aircraft

SpiceJet, which grounded 13 Boeing Max 737 planes, may have to shell out more for leasing aircraft as rentals

Read More...

Naresh Goyal writes to staff, assures of early resolution

With the clouds of uncertainty darkening over the survival of his 25-year-old airline, Jet Airways chairman Naresh Goyal Monday

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu