Search results
Results From The WOW.Com Content Network
July 3, 2024 at 2:26 AM. By Ariba Shahid. KARACHI (Reuters) - Pakistan is looking to clinch a staff level agreement on an International Monetary Fund bailout of more than $6 billion this month ...
Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday.
Pakistan's government also confirmed the deal and and hailed it. The release of the $700 million still must be approved by the IMF's management and executive board, though such approvals are ...
History. Pakistan joined IMF on 11 July 1950 as newly established country was facing fiscal problems since its creation in 1947 from British India . In 1958, for the first time, Pakistan went to IMF for bailout. For this, IMF lent out US$25,000 (equivalent to $264,014 in 2023) [originally the loan-amount is given in SDR; [4] for this article it ...
The Benazir Income Support Programme (BISP) is a federal unconditional cash transfer poverty reduction program in Pakistan. Launched in July 2008, it was the largest single social safety net program in the country with nearly Rs. 90 billion ($900 million) distributed to 5.4 million beneficiaries in 2016. [3]
The National Reconciliation Ordinance ( NRO; Urdu: قومی مفاہمت فرمان 2007ء) was a controversial ordinance issued by the former President of Pakistan, General Pervez Musharraf, on 5 October 2007. [1] It granted amnesty to politicians, political workers and bureaucrats who were accused of corruption, and wanted to leave country ...
The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.
Operation Black Thunderstorm. Operation Black Thunderstorm [11] was a military operation that commenced on April 26, 2009, conducted by the Pakistan Army, with the aim of retaking Buner, Lower Dir, Swat and Shangla districts from the Tehrik-i-Taliban Pakistan after the militants took control of them since the start of the year.