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!

Fire damages submarine at Mumbai yard

An accidental fire at a naval dockyard resulted in damage to a recently upgraded Kilo class submarine. The Navy

Read More...

BSF nabs maoist in Odisha’s Malkangiri

A maoist, carrying a reward of Rs 1 lakh on his head, was apprehended by Border Security Force (BSF)

Read More...

2 Days After Space Station News, ISRO Calls For ‘docking Experiments’ On PSLV Stage-4

Just two days after the Indian Space Research Organisation (ISRO) chairman Sivan K announced India is looking to have

Read More...

Leave a reply:

Mobile Sliding Menu