Nov 26, 2020-Thursday

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Thursday, Nov 26, 2020
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Imf bailout

May 26, 2019 14:11
Pakistan this month secured a $6 billion loan from the International Monetary Fund to help avert a balance-of-payments crisis following high fiscal and current-account deficits and dwindling foreign exchange reserves. read more
May 07, 2019 17:42
Pakistan needs the financial aid to ease a balance-of-payment crisis triggered by high fiscal and current-account deficits and dwindling foreign exchange reserves. The South Asian nation has already taken 12 IMF support packages since the 1980s. read more
Feb 11, 2019 16:47
A day earlier, Prime Minister Imran Khan met IMF chief Christine Lagarde in Dubai to discuss a bailout, and the country’s foreign currency reserves have dwindled to around $8 billion, just enough to cover about two months of imports read more
Oct 18, 2018 21:29
Though he did not name any countries, Pakistani media has reported that the government was consulting allies like China and Saudi Arabia for financial help. read more
Jul 31, 2018 14:01
Mike Pompeo said the US looked forward to engagement with the government of Pakistan’s expected new prime minister, Imran Khan, but said there was “no rationale” for a bailout that pays off Chinese loans to Pakistan. read more