Pakistan govt ready to meet all IMF demands to revive bailout programme: Report

01/20/2023

Islamabad, Jan. 20: The Pakistan government has requested the IMF to send its mission to the country at the earliest, preferably next week, to conclude a long-awaited agreement to revive the bailout programme, as it conveyed its willingness to accept all the four major conditions set by the global lender, according to a media report.

Cash-strapped Pakistan revived a stalled USD 6 billion International Monetary Fund (IMF) programme last year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the Washington-based global lender. There are reports that the IMF may not release more funds under the programme until the pledges made by the government are met.

The IMF board in August approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over USD 1.1 billion.-Agencies

Related News

Facebook founder Zuckerberg first tech giant head to acknowledge Joe Biden as next US President

Washington, Nov. 13: Facebook CEO Mark Zuckerberg has change into the primary head of a US tech big who has acknowledged Democrat Joe Biden as the subsequent president of the nation, a media report has mentioned. Mr. Zuckerberg informed his staff that the result of the November 3 election is now…

With historic win in Georgia, Biden's projected electoral college vote tally matches Trump’s in 2016

Washington, Nov. 14: President-elect Joe Biden has wrested Georgia and President Donald Trump has retained North Carolina, major US media outlets have projected, bringing the closely-fought and bitter 2020 presidential race to a close. Trump, who has not yet conceded the election to the projected winner, Biden, has repeatedly asserted,…

Violence erupts in Washington as Trump supporters clash with counter-protesters

Washington, Nov. 15: Violence erupted on the streets of downtown Washington after thousands of supporters of US President Donald Trump held a protest rally to back his unproven claims of massive voter fraud and electoral malpractices during the 2020 presidential elections. The “Million MAGA March”, held a week after Democrat…

Nitish Kumar takes oath as Bihar Chief Minister for seventh time in 2 decades

Patana (India), Nov. 16: Nitish Kumar was sworn-in as chief minister of Bihar for the fourth straight term in Raj Bhavan on Monday evening.  Governor Phagu Chauhan administered the oath of office and secrecy to Kumar at 4:30 pm in the presence of senior BJP leaders, including Union Home Minister Amit Shah and party president…

Certain elements inside Pak military had links to al-Qaeda: Obama on raid that killed Osama

Washington, Nov. 17: Barack Obama has said that he had ruled out involving Pakistan in the raid on Osama bin Laden’s hideout because it was an “open secret” that certain elements inside Pakistan’s military, and especially its intelligence services, maintained links to the Taliban and perhaps even al-Qaeda, sometimes using…

Financially troubled startup helped power Trump campaign

San Francisko, Nov. 18: US President Donald Trump's 2020 reelection campaign was powered by a cellphone app that allowed staff to monitor the movements of his millions of supporters, and offered intimate access to their social networks. While the campaign may be winding down, the data strategy is very much alive,…

Video

Find Us on Facebook

From Social