Tag Archives: bailout package

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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

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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

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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

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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

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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

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IMF offers US$12 billion bailout package to Pakistan: sources

11 November, 2018 7:15 pm 7:15 pm

ISLAMABAD (92 News) – International Monetary Fund (IMF) offered US$12 billion bailout package to Pakistan on lenient terms for repayment. As per details garnered, after Saudi Arabia and China now Pakistan is preparing to seek heavy loan from IMF on lenient terms. According to the sources, the IMF two-member team will arrive in Islamabad for … Read More

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