Latest News on Pakistan Financial Crisis
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Pakistan Financial Crisis - Total results - 9
Jan 27, 2019
Pakistan to receive $4.5 billion 'oil financing facility' from Saudi Arabia's Islamic Development Bank over three yearsPakistan, amidst its financial crisis, is also negotiating an $8 billion bailout package from the IMF. Saudi Arabia and UAE have also agreed to provide $3 billion each to ease the pressure.
Jan 23, 2019
Daily Bulletin: BJP-Congress slugfest over EVM rigging allegations; Modi to inaugurate Subhash Chandra Bose museum at Red Fort; day's top storiesToday's top stories: Political slugfest over EVM hacking is refusing to die down with the BJP claiming that Congress is conspiring against it; Narendra Modi will inaugurate Subhash Chandra Bose museum at Red Fort today.
Jan 06, 2019
UAE crown prince likely to announce $6.2 billion financial aid to Pakistan, akin to Saudi Arabia's assistanceThe UAE government's financial assistance comes as Pakistan is negotiating an $8 billion bailout package from the International Monetary Fund (IMF) to overcome a severe balance-of-payments crisis that threatens to cripple the country's economy.
Dec 01, 2018
Imran Khan calls for new law to reduce money laundering in Pakistan; legislation to be finalised next weekThe law, to be finalised within a week's time, would further strengthen existing laws to effectively check money laundering and other illegal and corrupt practices.
Nov 30, 2018
US suspended $3 billion, not $1.3 billion as quoted by White House, in security aid to Pakistan in 2018: SourcesThe $3 billion security aid to Pakistan that the US suspended, is much higher than the $1.3 billion quoted by President Donald Trump this month and $1.66 billion reported by the Pentagon last week.
Nov 21, 2018
Pakistan says 'substantive progress' made in bailout talks with IMF; global lender proposes increased energy prices, taxesBoth Pakistan and the IMF still have a wide gap in their positions on the need for the increase in electricity tariff, upward revision in the revenue target and additional tax measures on matters relating to Chinese assistance and its impact — both inflow and outflow.
Nov 04, 2018
Imran Khan, XI Jinping sign 16 agreements to curb poverty in Pakistan; Beijing declines to reveal amount loaned to IslamabadKhan is in Beijing on his maiden visit to China as the two countries grapple to iron out differences over the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) and Islamabad approaching 'friendly nations' to avoid a tough IMF bailout package.
Nov 04, 2018
Daily Bulletin: Shashi Tharoor calls PM Narendra Modi 'hero on white stallion'; security heightened at Sabarimala; day's top storiesToday's top stories: Florida police identify the Florida yoga studio shooter as Scott Paul Beierle; Asia Bibi's husband calls for her protection in jail; Shashi Tharoor says Narendra Modi a "hero on a white stallion with an upraised sword in his hand"; and more
Nov 02, 2018
IMF staff mission to visit Islamabad next week, initiate talks with Pakistan over bailout applicationIMF Director of Communications Gerry Rice told reporters that the discussions with Pakistan are likely to begin on 7 November. An IMF staff mission will go to Islamabad and initiate discussions with the authorities.