pakistan IMF funding

IMF revises Pakistan’s foreign loan requirement of USD 25 billion

The International Monetary Fund (IMF) has revised Pakistan's foreign loan necessity for the current fiscal year to USD 25 billion, marking a reduction of USD 3.4 billion. Additionally, Pakistan's economic growth projection to just 2 percent. According to sources within Pakistan's Finance Ministry, the International Monetary Fund (IMF) has revised...

Pakistan’s economy now depends on Gulf states to bail out crisis

The International Monetary Fund's (IMF) need that Pakistan obtain confirmation from bilateral Gulf region partners to bridge the USD 6 billion shortfalls is simply an attempt to ensure its credibility. According to The News International, non-materialization could lead to Islamabad into default.According to a top official, all eyes are now...