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Pakistan is looking to clinch a staff level agreement on an International Monetary Fund bailout of more than $6 billion this month after addressing all of the lender's requirements in its annual ...
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 ...
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government ...
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]
On May 14, 2014, the government approved 3.5 billion for interest-free loans up to Rs 50,000 would be provided to 1 million people across the country. Half of the beneficiaries would be women. The loans would be disbursed through Pakistan Poverty Alleviation Fund (PPAF) and each federating unit will get its share as per the NFC Award, with a ...
ISLAMABAD (Reuters) -Two major Pakistan political parties said on Tuesday that they had reached a formal agreement to form a coalition government, ending ten days of intense negotiations after an ...