The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said
The International Monetary Fund’s executive board approved Thursday the release of $700 million of a $3 billion bailout for cash-strapped Pakistan, the finance ministry said. The bailout is meant to enable Pakistan to emerge from one of the worst economic crises in
Pakistan and the International Monetary Fund reached a much-awaited preliminary agreement Wednesday for the release of $700 million from a $3 billion bailout fund approved by the international lender in July. The standby credit fund is meant to save cash-strapped Pakistan from
Pakistan’s finance minister on Thursday said the International Monetary Fund deposited a much-awaited first installment of $1.2 billion with the country’s central bank under a recently signed bailout deal aimed at helping Islamabad avoid defaulting on its debt repayments. The financial infusion
Rishi Sunak is considering rescuing UK tech firms hit by the collapse of Silicon Valley Bank on Friday. The Prime Minister confirmed on Sunday that the Treasury is working out a plan to help businesses that have been battered after SVB was shut
The International Monetary Fund delayed a $6 billion bailout for cash-strapped Pakistan over its failure to meet the terms of a previous deal, officials said Friday, as the country struggled with a worsening economic crisis and a deadly wave of violence. Pakistani