Tag Archives: bailout package

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PM, IMF delegation discuss ongoing bailout package

09 September, 2019 4:45 pm 4:45 pm

ISLAMABAD (92 News) – The International Monetary Fund’s (IMF) delegation on Tuesday called on Prime Minister Imran Khan and discussed ongoing bailout package. During the meeting, the prime minister and IMF delegation led by Director Middle East and Central Asia Jihad Azour exchanged the views about economic condition of the country. Finance Adviser Abdul Hafeez … Read More

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Bailout package: Pakistan receives first tranche of $991.4 million from IMF

07 July, 2019 11:11 am 11:11 am

ISLAMABAD (92 News) – Pakistan’s central bank has received the first tranche of $991.4 million from the International Monetary Fund (IMF) out of $6 billion bailout package agreed between two sides. The amount will improve the country’s foreign exchange reserves. As of today, the country’s foreign exchange reserves have increased by more than $15 billion, … Read More

Nawaz Sharif, concerned, hike, dollar, rate, IMF, bailout package

Nawaz Sharif shows concern over hike in dollar rate after IMF bailout packa...

05 May, 2019 4:02 pm 4:02 pm

LAHORE (92 News) – Former prime minister Nawaz Sharif, who is serving seven-year term in Kot Lakhpat jail, has expressed his concern over an increase in the dollar price after the International Monetary Fund (IMF) bailout package. During a meeting with PML-N leaders on Thursday, he said that the dollar rate should have not been … Read More

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Opposition demands NA approval for IMF bailout package

05 May, 2019 8:13 pm 8:13 pm

ISLAMABAD (92 News) – The opposition parties on Monday demanded the approval of National Assembly for International Monetary Fund (IMF) bailout package. Addressing to the NA session, former prime minister Shahid Khaqan Abbasi expressed hope that Prime Minister Imran Khan will take the house into confidence over the government’s deal with the IMF and other … Read More

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Pakistan, IMF reach agreement of bailout package: Hafeez Shaikh

05 May, 2019 9:29 pm 9:29 pm

ISLAMABAD (92 News) – Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh announced on Sunday that Pakistan and the International Monetary Fund (IMF) have reached an agreement of the bailout package. In an interview with state-run television channel, the adviser said that Pakistan and IMF has reached an agreement on a $ 6 … Read More

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Pakistan accepts IMF’s conditions for bailout package

05 May, 2019 9:22 pm 9:22 pm

ISLAMABAD (92 News) – Pakistan has accepted the conditions of the International Monetary Fund (IMF) for bailout package. According to the details garnered, the federal government accepted the demand of the IMF of increasing electricity and gas prices in Pakistan. It also said that the consumers will pay Rs340 billion in three years for electricity … Read More

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Important round of talks to be held between Pakistan, IMF today

05 May, 2019 9:41 am 9:41 am

ISLAMABAD (92 News) – An important round of talks will be held between Pakistan and International Monetary Fund (IMF) on Wednesday (today) in Islamabad. According to the reports, during the meeting, the proposed bailout package and the Pakistan’s economic situation will be reviewed, among other matters. The Pakistani delegation is led by Adviser to Prime … Read More

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IMF mission chief to meet Asad Umar today

03 March, 2019 11:44 pm 11:44 pm

ISLAMABAD (92 News) – The officials of Pakistan and the International Monetary Fund (IMF) will hold crucial talks for a bailout package as the IMF mission chief is due to land in Islamabad on Monday night. According to the reports, the IMF mission chief Ernesto Ramirez Rigo will meet Finance Minister Asad Umar on Tuesday … Read More

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FM Qureshi says talks with IMF chief ‘productive’

02 February, 2019 9:32 pm 9:32 pm

DUBAI (92 News) – Minister for Foreign Affairs Shah Mahmood Qureshi on Sunday said on Sunday that a meeting between Prime Minister Imran Khan and International Monetary Fund (IMF) Managing Director Christine Lagarde in Dubai as ‘productive’. “We have reached a consensus with the IMF on basic points. The prime minister’s meeting with IMF chief … Read More

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Pakistan receives final tranche of $1b from Saudi Arabia

01 January, 2019 3:00 pm 3:00 pm

ISLAMABAD (92 News) – Pakistan has received the final installment of one billion dollars from Saudi Arabia. Bank of Pakistan received another $1 billion from Saudi Arabia, making up the final instalment of a $3 billion support package. The deposit completes the $3 billion package that Pakistan signed with Saudi Arabia aimed at helping the … Read More

China to lend $2bn to Pakistan to shore up rupee

01 January, 2019 5:47 pm 5:47 pm

ISLAMABAD (92 News) – China has pledged to lend at least $2bn to Pakistan to shore up its foreign exchange reserves and prevent further devaluations of the rupee against the dollar, the British Newspaper Financial Times reported. According to a report of the Financial Times, the financial support – which is not being publicly announced … Read More

UAE announces to give Pakistan $3b bailout package

12 December, 2018 2:28 pm 2:28 pm

ABU DHABI (92 News) – The United Arab Emirates (UAE) announced on Friday its intention to deposit US$3 billion in the State Bank of Pakistan to support Pakistan’s financial and monetary policy. According to the Arab media, the UAE will be giving Pakistan a $3 billion bailout package in the next few days. The package … Read More

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Asad Umar hints at tabling mini budget in Parliament next month

12 December, 2018 9:10 pm 9:10 pm

ISLAMABAD (92 News) – Finance Minister Asad Umar on Wednesday said that It was overviewed to table the mini-budget in the parliament in next month. The finance minister told Senate Standing Committee for Finance that the government considering over another mini budget and a finance bill, adding that It could not be delayed till June. … Read More

Pakistan, IMF to start policy level talks for bailout package today

11 November, 2018 11:33 am 11:33 am

ISLAMABAD (92 News) – Pakistan and the International Monetary Fund (IMF) will start dialogues at the policy level for the bailout package on Monday. The IMF delegation led by Herald Finger will meet Finance Minister Asad Umar and Adviser to the PM on Economy and Trade Abdur Razzaq Dawood. The delegation will be apprised about … Read More

IMF delegation reaches Islamabad for talks on bailout package

11 November, 2018 1:50 pm 1:50 pm

ISLAMABAD (92 News) – A delegation of the International Monetary Fund (IMF) reached Islamabad for talks on the bailout package on Wednesday. Pakistan and the IMF will hold talks today and the authorities have prepared documents for the dialogues. The IMF could give Pakistan US$6-7 billion as bailout package. Finance Minister Asad Umar and heads … Read More