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Tag: IMF

Politics

IMF Voices Concern Over Pakistan’s Debt Repayment Ability As Support Team Lands In Islamabad

The International Monetary Fund (IMF) has emphasised that Pakistan is confronting substantial challenges in terms of debt repayment. Furthermore, according to a media report published on Saturday, the IMF has articulated profound reservations regarding the capacity of the financially strained country to fulfil its obligations to the global lender. The Washington-based bank's evaluation of Pakistan's economy coincided with the arrival of an IMF support team in the country on Friday. The team's objective is to engage in discussions with local officials following Islamabad's request for a new bailout package under the Extended Fund Facility (EFF). “Pakistan’s capacity to repay the fund is subject to significant risks and remains critically dependent on poli...
Politics

Pakistan to seek rollover of $12 billion debt to meet budget targets before IMF team’s arrival

Representational image only. | Photo Credit: AFP Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected arrival of an IMF team to the cash-strapped country.According to the Finance Ministry insiders, $5 billion from Saudi Arabia, $3 billion from the UAE and $4 billion from China will be rolled over, adding that the estimate of further new financing from China would also be included in the next financial year’s budget, The Express Tribune newspaper reported.Pakistan will receive more than $1 billion from the International Monetary Fund (IMF) under the fresh loan programme, w...