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Pakistan’s last-gasp IMF bailout as it happened

KARACHI: Pakistan reached a staff-level agreement with the International Monetary Fund (IMF) to release $3 billion in critical bailout funds following a long drawn-out...

Pakistan will turn to overseas bonds market after IMF bailout: Hafeez Shaikh

In an interview to Bloomberg, Hafeez Shaikh said that preparations are underway for the sale of Eurobonds, Sukuk and Chinese currency bonds in the new financial year started in July.

No plans of seeking loan from IMF as yet: Finance Minister

ISLAMABAD: Finance Minister Asad Umar has once again categorically denied plans of seeking financial assistance from the International Monetary Fund (IMF) as of yet. Addressing...

Pakistani economists discuss outside-the-box ideas to avoid IMF bailout

ISLAMABAD: Pakistani economic advisors discussed banning imports of luxury cars, smartphones, and cheese in a wide-ranging strategy session on how to avoid seeking a...

Greece exits bailouts after biting austerity

After years of stinging austerity measures, Greece emerged on Monday from its third and last bailout, although officials warn the country still has a "long...

Pakistan says US concerns about IMF bailout and China ‘totally wrong’

ISLAMABAD: Pakistan on Wednesday dismissed US concerns that any new International Monetary Fund (IMF) bailout for the South Asian nation would be used to...

IMF bailout on the cards for next government

ISLAMABAD: Pakistan's next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it...

Ishaq Dar sees political hand in unrest during PIA protest

DUBAI: Finance Minister Ishaq Dar on Thursday said that some elements are misleading the masses about PIA privatization. He claimed political hand in unrest during protest of the PIA employees.

Pakistan shelves power firms privatization, got IMF loan approved

ISLAMABAD: Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago.

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