Pakistan PM Sharif Welcomes IMF's $7 Billion Funding Agreement
Pakistan has been struggling with boom-and-bust economic cycles for decades, leading to 22 IMF bailouts since 1958. Currently the country is the IMF's fifth-largest debtor, owing the Fund $6.28 billion as of July 11, according to the lender's data.
Total inflows in July 2023 reached USD 5.1 billion, including USD 1.2 billion from the IMF and another USD 1 billion from the UAE. Earlier in August, Pakistan's Ministry of Economic Affairs said that ...
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation and approved a 37-month Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan ...
Pakistan received a Special Drawing Right (SDR) of around 1.03 billion U.S. dollars, from the International Monetary ...
Pakistan's Finance Minister, Muhammad Aurangzeb, forewarned 'transitional pain' as the nation embarks on its 25th IMF program ...
IMF MD says package for Pakistan aims to assist the country in economic recovery, reduce inflation, create jobs, and foster ...
The International Monetary Fund has approved an “extended fund facility” worth $7 billion for Pakistan, its 24th bailout ...
Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a ...
In high-profile meetings on the sidelines of the United Nations General Assembly (UNGA) in New York, Prime Minister Shehbaz ...
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