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Pakistan to seek larger IMF bailout package of over $8 billion
Credit: IndiaTimes- Published on March 17, 2024
Cash-strapped Pakistan is set to formally request a bailout package from the International Monetary Fund (IMF) through the Extended Fund Facility (EFF). Reports suggest Islamabad may seek over 8 billion US dollars during the upcoming IMF/World Bank spring meetings in Washington, DC, from April 15 to 20. It is expected that...
Video credit: Oneindia
Published on March 15, 2024 - 02:25
IMF Question Pakistan Over Claims of Meeting Targets Even Before Proper Review| Oneindia News
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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