Imf Bailout

Pakistani professionals struggle to buy basic items amid economic crisis

Pakistan is no stranger to economic crises - this is its fifth IMF bailout since 1997 - but economists say the latest measures, which include higher taxes and fuel costs, are hurting educated professionals. Many say they are cutting down on necessities to make ends meet

Sri Lanka's President Ranil Wickremesinghe warns of more economic pain to follow IMF bailout

The International Monetary Fund approved its long-delayed rescue package on Monday after China, the South Asian island's biggest bilateral lender, offered debt relief assurances

Cash-strapped Sri Lanka seeks 10-year moratorium on foreign debt ahead of IMF bailout

Sri Lanka defaulted on its foreign debt in April 2022 as the country plunged into its worst economic crisis, running out of cash to finance even the most essential imports and causing massive social unrest

IMF makes more demands, puts Pakistan at mercy of 'friendly' nations

Although Ishaq Dar did not name the countries concerned, Saudi Arabia, the United Arab Emirates (UAE), Qatar and China had pledged financial relief to Pakistan during the IMF review

Low on food, high on nukes: Why is bankrupt Pakistan focused on its nuclear programme amid worst crisis?

Pakistan is facing its worst economic crisis. There's a shortage of food and medicines and Islamabad is struggling to acquire a much-needed IMF bailout. Amid its many woes, the attention of its government remains on the country’s nuclear programme. It will not be compromised, it says

Strike grips Sri Lanka as unions protest IMF bailout

Bankrupt Sri Lanka's hospitals were crippled and transport disrupted on Wednesday as trade unions protested against the doubling of taxes to qualify for a crucial IMF bailout

IMF bailout doubtful, high interest loans from China only option for Pakistan: Bank of America

The Pakistan economic crisis has forced the Pakistani government to impose several harsh measures including increased taxes apart from higher fuel and gas prices in an attempt to persuade the IMF to restart a stalled $6.5 billion loan program. The only other option is high-interest loans from China

Pakistan Economic Crisis: Rising poverty, gun culture drive Pakistanis to violent crimes

While foreign aid had prevented Pakistan from suffering an economic crisis in the past, the current situation is different as the International Monetary Fund (IMF) imposing a host of tough conditions before considering a financial bailout

Pakistan: Shehbaz Sharif accuses Imran Khan of creating hurdles in revival of IMF programme

Shehbaz Sharif said that the creation of chaos on roads is part of Imran Khan's agenda which aims at "fanning the fire of instability in the country"

Pakistan in more trouble as IMF imposes new condition for financial bailout

In its quest for the IMF bailout, the Pakistan government has come up with several measures. Pakistan’s finance ministry had also informed that the Industrial and Commercial Bank of China Ltd (ICBC) is set to forward a loan of $1.3 billion