Tag Archives: bailout

IMF, US$6.20 billion, bailout, package, Pakistan

IMF approves US$6.20 billion package for Pakistan

07 July, 2019 9:56 pm 9:56 pm

WASHINGTON (92 News) – The International Monetary Fund (IMF) approved a bailout package of US$6.20 billion for Pakistan. The loan, which will be given in three years, has been given to help out the economic plan of the country. The approval was accorded during a meeting of the IMF Executive Board. In a tweet, Adviser … Read More

IMF, rejects, Pakistan, demands, bailout, package, signed

Bailout package agreed as IMF rejects Pakistan’s six main demands

05 May, 2019 9:54 pm 9:54 pm

ISLAMABAD (92 News) – Pakistan and the International Monetary Fund (IMF) have agreed to the bailout package, rejecting six demands of Pakistan. The final draft of the agreement is being prepared, while the announcement in this regard will be made shortly after approval from Prime Minister Imran Khan. The rejected demands include interim fund for … Read More

Pakistan, IMF, agreement, bailout, package

Pakistan, IMF reach agreement on bailout package: sources

04 April, 2019 2:44 pm 2:44 pm

ISLAMABAD (92 News) – Pakistan and the International Monetary Fund (IMF) have reached an agreement on the bailout package, revealed sources on Monday. As per the agreement, the bailout package will be for three years and Pakistan will get US$6 billion under the agreement. The bailout package will be signed this year. Finance Minister Asad … Read More

Pakistan formally requests IMF for financial assistance

10 October, 2018 3:57 pm 3:57 pm

ISLAMABAD (92 News) – Pakistan on Thursday formally requested “financial assistance” from International Monetary Fund (IMF). According to the details, Minister for Finance Asad Umar formally put forward Pakistan’s request for financial assistance during a meeting with IMF Managing Director Christine Lagarde held in Indonesia. In a statement issued by IMF, Lagarde said, “Today, I … Read More

PTI government announces to approach IMF for bailout

10 October, 2018 10:59 pm 10:59 pm

ISLAMABAD (92 News) – The PTI government has announced to approach the International Monetary Fund (IMF) for a bailout. In a statement on Monday, Finance Minister Asad Umar said that economic resumption is not an easy task. “The nation understands the difficult economic conditions. It is our priority to come out of economic crisis successfully,” … Read More