Pakistan formally requests IMF for bailout
Finance Minister Asad Umar and State Bank of Pakistan Governor Tariq Bajwa called on IMF chief in Bali, Indonesia. Lagarde informed the Pakistani officials that IMF delegation will visit Islamabad next week.
The delegation will discuss matters related to economic programmes of Pakistan during the visit.
Finance minister Asad Umar, who is attending the annual meeting of the World Bank and IMF, announced earlier this week that Prime Minister Imran Khan given the go-ahead to hold talks with the IMF for a bailout programme after consulting economic experts and stakeholders.
Pakistan to approach IMF as PM Imran gives ... 09:40 PM | 8 Oct, 2018
ISLAMABAD - The Pakistani government has decided to approach the International Monetary Fund (IMF) for a bailout to ...
Recently, the IMF concluded a consultative visit with a warning that Pakistan needed to quickly secure “significant external financing” to stave off a crisis, though it did not suggest who could supply the money.
On Wednesday, PM IMran vowed to steer the country out of a looming balance-of-payments crisis, saying it needs $10-12 billion. "We will get out of this crisis. I will take (the country) out of this," he said.
- Saudi Arabia opens first drive-in cinema in Riyadh10:29 PM | 24 Jan, 2021
- South Africa beat Pakistan by 13 runs in women’s 2nd ODI10:20 PM | 24 Jan, 2021
- Infinix unveils latest Hot 10 play at PKR 16,99910:10 PM | 24 Jan, 2021
- Russian-Pakistani invents ‘Covid cure’ – Who is this scientist ...09:40 PM | 24 Jan, 2021
- Varun Dhawan and Natasha Dalal tie the knot in private and ...09:23 PM | 24 Jan, 2021
- Bakhtawar-Mahmood’s wedding – Mehfil-e-Milad held at Bilawal House05:07 PM | 24 Jan, 2021
- Varun Dhawan and Natasha Dalal tie the knot today04:51 PM | 24 Jan, 2021
- Chaudhry The Martyr – Trailer of biopic on slain Karachi cop ...03:45 PM | 24 Jan, 2021
- Hollywood's top female celebs who lift weights to stay fit02:36 PM | 22 Jan, 2021
- Here's how world leaders responded to Biden's inauguration as POTUS07:24 PM | 21 Jan, 2021
- Stars who turned down plastic surgery07:32 PM | 17 Jan, 2021
- Stars who dated in the past11:38 PM | 5 Jan, 2021