Tag: economic assistance
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Pakistan clears hurdles for IMF review, final agreement expected
The newly elected government of Pakistan has indicated its intention to secure a new loan from the International Monetary Fund (IMF).
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IMF reaches $3 billion stand-by arrangement with Pakistan, averting impending default
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on a stand-by arrangement worth $3 billion, announced the lender. This decision has been eagerly anticipated by Pakistan, a South Asian nation that is on the verge of default.
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Pakistan likely to receive economic assistance from friendly countries soon, says Minister Ahsan Iqbal
On Tuesday, Minister for Planning and Development Ahsan Iqbal announced that Pakistan is likely to receive confirmation of economic assistance from friendly countries in the coming days. This confirmation is the last condition of the International Monetary Fund (IMF) and will be followed by a staff-level deal with the Fund. According to Iqbal, Pakistan has…