Pakistan and IMF strike a $7 billion bailout deal to support economic stability. The agreement aims to strengthen public finances...
IMF Executive Board needs to validate new three-year loan programme: New Extended Fund Facility aims to support govt to cement macroeconomic stability: Fund says servicing $242 billion foreign debt will swallow half of govt’s income in 2024: Decisive cost-reducing reforms must to bring down electricity tariffCash-strapped Pakistan and the International Monetary Fund reached a three-year, $7 billion aid package deal, the Washington-based institution said on Friday, giving much-needed respite to...
With its foreign currency reserves dwindling, Pakistan found itself in a debt crisis and was forced to turn to the IMF, obtaining its first emergency loan in the summer of 2023. During the 2024-25 fiscal year which starts July 1, the Pakistan government aims to raise nearly $46 billion in taxes, a 40 percent increase from the previous year.
While around 40 percent of the population already lives below the poverty line, the World Bank said in April it feared that 10 million additional Pakistanis would fall below this threshold. “The Pakistani authorities and the IMF team have reached a staff-level agreement on a comprehensive program endorsed by the federal and provincial governments, that could be supported by a 37-month Extended Fund Arrangement in the amount equivalent to SDR 5,320 million . This agreement is subject to approval by the IMF’s Executive Board and the timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.
“A fairer balance of fiscal effort between the Federal and Provincial governments, which have agreed to rebalance spending activities in line with the 18 constitutional amendment through the signature of a National Fiscal Pact that devolves to provincial governments higher spending for education, health, social protection, and regional public infrastructure investment, enabling improved public service provision.
Pakistan Debt Crisis IMF Loan Agreement Pakistan Economic Stability Pakistan IMF Bailout
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Pakistan reaches new $7 billion loan deal with IMFNew loan deal will last for 37 months and it is aimed at strengthening fiscal and monetary policy.
مزید پڑھ »
Sri Lanka bond holders agree to take 28% haircut: govtSri Lanka bond haircut agreed with creditors, involving a 28% reduction on $12.5 billion in sovereign bonds, meeting IMF bailout c...
مزید پڑھ »
Sri Lanka seals partial debt deal after financial crashA $5.8 billion restructuring agreement with bilateral lenders marks a recovery step post-2022 financial crash and IMF bailout term...
مزید پڑھ »
Cash-strapped Sri Lanka set to sign key debt deals with lendersSri Lanka debt deals finalized with China and other lenders to meet IMF bailout conditions, crucial for the country's economic rec...
مزید پڑھ »
Pakistan's budget initiatives boost prospects for IMF deal: Fitch RatingsAnalyze the Khost Bomb Blast TTP Commanders incident and its profound effects on militant operations and security measures in the...
مزید پڑھ »
Cash-strapped Pakistan to hammer out $6.5bn deal with IMF soon, sourcesPM office likely to contact international lender in a few days for finalising the deal
مزید پڑھ »