Tag: Economic crisis in Pakistan

IMF supports Pakistan PM’s decisive actions for betterment of economy

February 12, 2025 admin

International Monetary Fund (IMF) logo. File | Photo Credit: Reuters The International Monetary Fund (IMF) on Wednesday (February 12, 2025) expressed support for decisive actions by Prime Minister Shehbaz Sharif’s government for the betterment of Pakistan’s economy. Pakistan and the IMF last year signed a $7 billion Extended Fund Facility (EFF) loan programme to…

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Pakistan says the IMF has approved a $7 billion loan

September 26, 2024 admin

Pakistan says the IMF has approved a billion loan

The logo of the International Monetary Fund. | Photo Credit: AP The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday (September 26, 2024) more than two months after the two sides said they had reached an agreement. The loan, which Islamabad will receive…

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Pakistan to privatise all state-owned firms, except strategic enterprises: PM Sharif

May 14, 2024 admin

Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Cash-strapped Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines, Prime Minister Shehbaz Sharif announced on May 14, broadening the government’s initial plans to make only loss-making state firms private. The announcement to privatise state-run enterprises barring strategic ones comes a day…

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