Pakistan unlikely to get IMF bailout by Jan 15: Report


Cash-strapped Pakistan’s quest for a USD 8 billion IMF bailout package by January 15 may not realise as the global lender wants the government to adopt tougher measures to address the external sector imbalances before sending the country’s case to its Executive Board, a media report said Friday.

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.

The Express Tribune, quoting sources in the ministry of finance, said that the two sides made their first contact on Thursday for the first time since November 20 when they concluded their first round of talks for the bailout package. Read More

You may also read!

SCO Foreign Ministers meeting: Fighting terrorism and security of Afghanistan to be the focus

India will raise issues relating to terrorism, the situation in Afghanistan, rising radicalism in Central Asian countries and the

Read More...

Lanka for global intelligence sharing to end terror

Sri Lankan President Maithripala Sirisena has called on countries to join hands in sharing intelligence to deal with international

Read More...

Air Asia India eyes corporate clients, foreign flights

Seeking long-term travel commitment, Tata Group joint venture Air Asia India plans to tie up with about 200 companies

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu