Pakistan makes formal bailout package request to IMF
Pakistan has made a formal request to the International Monetary Fund (IMF) for the next bailout package in the range of $6 to $8 billion under Extended Fund Facility (EFF).
Pakistan has made a formal request to the International Monetary Fund (IMF) for the next bailout package in the range of $6 to $8 billion under Extended Fund Facility (EFF).
Prime Minister Shehbaz Sharif has given the ministries tasks to fulfill goals of the IMF, says a federal minister.
We are joining the big program of the International Monetary Fund (IMF), says Muhammad Aurangzeb.
The International Monetary Fund (IMF) has suggested the government to raise the levy on petrol to Rs60 and also restore the 18 per cent GST on petrol, which was abolished in March 2022.
Pakistan and the International Monetary Fund have reached a staff-level agreement on second and final review under the Stand-By Arrangement today. The agreement has paved the way for the release of the final $1.1 billion tranche from the IMF.
Pakistan and the IMF are yet to reach a consensus on a staff-level agreement, which is necessary for the completion of the second review and the components of the third tranche of $1.1 billion.