Finance Minister Seeks $2 Billion Climate Financing from IMF This Week
To tackle the increased climate concerns, Pakistan is getting an early start securing much-needed funds to address climate change. This week, Finance Minister Muhammad Aurangzeb is going to seek $2 billion of climate financing from the IMF. The funding is necessary because the country suffers negativity that affects its economy as well as its infrastructure […]
IMF Board Approves Much-Awaited $7 Billion Bailout for Pakistan
Pakistan’s financial struggles were a growing difficulty for lots of citizens, companies, and policymakers. With rising inflation, an excessive debt burden, and confined overseas reserves, the financial system has been beneath intense stress. However, a primary breakthrough has come as the International Monetary Fund (IMF) authorized a far-wanted $7 billion bailout. This decision gives a […]
Pakistan’s IMF Bailout Faces Potential Delay Until October Over Unmet Financing Gap
The approval of Pakistan’s much-needed $7 billion bailout from the International Monetary Fund (IMF) is threatened by the possibility of being put off until October if the country cannot find the financing guarantees needed. The Washington-based lender has laid down stringent terms for the 37 months Extended Fund Facility (EFF), while Pakistan is in dire […]
