International Monetary Fund (IMF)

Pakistan’s foreign exchange reserves in a free fall– drop by $555 million in a week

<p> <strong>Pakistan’s foreign exchange reserves has further fallen. According to the State Bank of Pakistan, the foreign exchange reserves held…

2 years ago

China rattled as Pakistan moves closer to US

<p> <strong>Will China-Pakistan ties get somewhat strained as Pakistan under the Shehbaz Sharif government is now actively making an all-out…

2 years ago

Has IMF’s war on fuel subsidies pushed Sheikh Hasina of Bangladesh in a tight spot?

<p> <strong>Bangladesh’s sudden decision to hike fuel prices by about 50 per cent at one stroke– the highest since independence…

2 years ago

Sri Lanka President warns that the economic stress will continue for at least another year

<p> <strong>Sri Lanka’s President Ranil Wickremesinghe has said that the country's economic crisis would continue for at least one more…

2 years ago

Pakistan remains cash starved as IMF and wealthy donor countries play chicken-and -egg

<p> <strong>Pakistan is in a bind.</strong></p> <p> <strong>Cash starved Pakistan’s struggle to secure the much-needed bailout package from the International…

2 years ago

Sri Lanka’s economic crisis won’t end anytime soon despite talks with IMF

<p> <strong>Sri Lanka’s unprecedented economic crisis will not end anytime soon. While talks have resumed between Colombo and the International…

2 years ago

Why broke Pakistan is finding it difficult to get foreign loans

<p> <strong>With rapid shifts in the geopolitical order, Pakistan’s access to external financial assistance is becoming tougher this time. Pakistan’s…

2 years ago

Bangladesh now third South Asian country to turn to IMF for assistance

Bangladesh is now the third South Asian country to have turned to the International Monetary Fund for financial assistance to…

2 years ago

Pakistani rupee crashes to new low of 237 per dollar

<p> <strong>Even as the Pakistani rupee has been steadily losing value for the last few months, its fall of more…

2 years ago

Pakistan’s economy takes a beating amid rising political instability following Punjab by-poll results

<p> <strong>The spectacular win for former prime minister Imran Khan’s Pakistan Tehreek-e-Insaaf in the Punjab assembly by-elections has only aggravated…

2 years ago

IMF agrees to revive stalled bailout package but will it be enough to revive Pakistan’s sick economy?

<p> <strong>After weeks of hectic negotiations, the International Monetary Fund (IMF) has finally agreed to provide $1.17 billion to cash…

2 years ago

Ahead of the G20 meet, IMF chief warns of a tough 2022 and a tougher 2023

<p> <strong>Just ahead of the much-awaited meeting of G20 ministers and central bank governors amid worsening economic situation driven by…

2 years ago

Sri Lanka’s economic mess will not be resolved soon, as civil society stands alienated

<p> <strong>For bankrupt Sri Lanka, the process of revival will be painful, uncertain as well as long-drawn. People's patience has…

2 years ago

IMF delays loan deal to Pakistan, embarrassing Sharif govt

<p> <strong>The delay in International Monetary Fund’s (IMF) concretisation of the bailout package for Pakistan has caused much embarrassment for…

2 years ago

Pakistan’s clock is ticking as prices surge and IMF talks drag on

<p> <strong>The new financial year in Pakistan has kicked off with uncertainty. Despite the hike in fuel prices, Islamabad’s talks…

2 years ago

IMF holds back funds as Pakistan has failed to crack down on corruption

<p> The International Monetary Fund (IMF) has asked Pakistan to strengthen its anti-corruption mechanism if it wants an economic relief…

2 years ago

Pakistan’s $2.3 billion loan from China not enough–Islambad will have to wrap up a bailout deal with the IMF

<p> <strong>Pakistan can heave a sigh of relief as it signed an agreement with a Chinese consortium of banks for…

2 years ago

Pakistani rupee is the worst performing currency in Asia as value tumbles to 212 per US dollar

<p> <strong>The Pakistani rupee, which depreciated by more than 16 per cent this year, has been the worst performing currency…

2 years ago

Pakistan in a bind: it urgently needs IMF funds but can’t comply with the tough conditions

<p> <strong>For Pakistan, with foreign exchange reserves of just $9.2 billion—enough for imports for less than two months, the clock…

2 years ago

Pakistan may require a record $24 billion of foreign assistance to ride out an economic collapse

<p> <strong>The Shehbaz Sharif government has missed registering a part of the total quantum foreign debt in the just presented…

2 years ago

Cash starved Pakistan spends big on military despite financial meltdown

<p> <strong>Cash starved Pakistan, which is negotiating with the International Monetary Fund for a bailout package, has increased its defence…

2 years ago