WILL Pakistan actually default if the IMF, Saudi Arabia and other donors do not disburse a few billion dollars? Some are sounding the alarm bell, but others — including the government — insist that our economic ship is not about to sink anytime soon. They tell us we will not become Sri Lanka. …
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The International Monetary Fund (IMF) confirmed on Thursday that it had reached a staff-level agreement with Pakistan on the combined seventh and eighth reviews for a $6 billion loan facility, a development that paves the way for the release of the much-awaited $1.17bn. In a statement on its website, the …
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The rupee finally snapped its losing streak against the dollar on Wednesday, gaining Rs1.80 in early morning interbank market a day after the government secured the much-anticipated deal with the International Monetary Fund (IMF). According to the Forex Association of Pakistan (FAP), the rupee appreciated to Rs210 against the dollar …
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WITH differences between Pakistan and the IMF over the government’s budget and macro targets for the next fiscal yet to be resolved, Washington is believed to have agreed to intervene at the behest of Islamabad to help it clinch a deal with the lender. That Pakistan needs the IMF programmed …
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