Page 2 - Pakistan Economy

Pakistan stocks cap worst week in 17 years after securing bailout from IMF

It secured its 13th IMF bailout since the late 1980s for about $6 billion earlier this week after a six-month delay

Pakistani rupee crashes to all time low of Rs 150 against US dollar

The weaker rupee had a domino impact on the stock market, the Pakistan Stock Exchange 100 index lost 804.5 points to close at 33,166, registering a 2.4 per cent downfall

Pakistan govt approves amnesty scheme to regularise black money

Decision marks turnaround for Prime Minister Imran Khan who accused previous govts of using amnesties to clean up illegally acquired wealth hidden outside Pakistan.

With economy in doldrums, Pakistan Army's Imran Khan project is failing

Rising prices, social unrest and hyper nationalist rhetoric has dominated the political discourse in Pakistan

Cash-strapped Pak meets half GDP target, FY2018-19 growth at 3.3%: Report

All key sectors failed to perform in the first year of Prime Minister Imran Khan's government, according to media reports

Pak moves a step closer to IMF bailout package after Imran overhauls team

The funds secured so far "still appear insufficient to place Pakistan's external financing on a sound footing over the medium term

IMF likely to delay bailout package to Pakistan as talks still on

So, the IMF mission is now more likely to visit Islamabad in May, not April, said sources

After FATF, APG may too grey-list Pak over terror, money laundering: Report

Pakistan is already under intense international pressure to rein in terror groups like the Jaish-e-Mohammed after the Pulwama terror attack

China lends $2.2 bn to cash-strapped Pak to shore up its forex reserves

Pakistan has not been able to secure the $3.2 billion oil on deferred payments facility from the UAE

GDP and foreign aid shrinking, Pakistan economy crosses a line of control

Last week's cross-border skirmish has raised the stakes for PM Imran Khan to access foreign aid

Amid financial crunch, Pakistan revises economic growth figures to 5.2%

Growth in the industrial sector was revised to 5.01% from a previously reported 5.8% in the provisional estimate

China to provide $2.5-billion loan to Pakistan to boost forex reserves

In July 2018, China deposited $2 billion with the State Bank of Pakistan

Pakistan receives $1 bn from UAE to help bridge current account deficit

Pakistan's current account deficit rose to $7.9 billion in the first half of the current financial year

UAE grants $3 bn as bailout package to boost Pakistan's dwindling economy

Pakistan and the United Arab Emirates (UAE) on Tuesday signed a USD 3 billion bailout package, as part of Abu Dhabi's support to boost the cash-strapped country's dwindling dollar reserves. The UAE in December last year had announced to provide USD 3 billion financial assistance to Pakistan after Saudi Arabia made a similar commitment to help Islamabad successfully overcome international payment crisis and to avoid a stringent International Monetary Fund (IMF) deal. Tuesday's agreement was signed between State Bank of Pakistan (SBP) chief Tariq Bajwa and Abu Dhabi Fund for Development (ADFD) Director General Mohammed Saif Al Suwaidi. "UAE has formalized US$3bn deposit in the State Bank of Pakistan. DG ADFD & the Governor SBP inked the agreement at #ADFD Headquarters in Abu Dhabi," Foreign Office spokesman Mohammad Faisal tweeted. He said the agreement will help Pakistan achieve financial stability and overcome economic challenges. The UAE had committed the financial assistance ...

Cash-strapped Pakistan getting IMF bailout by Jan 15 unlikely: Report

Pakistan is seeking $ 8 billion from the International Monetary Fund to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country's economy

Got good deal from China but Prez Xi has asked not to reveal amount: Imran

The prime minister said he did not want to reveal the quantum of aid from Beijing as other countries will start demanding more money from China

After PM Khan, Pak delegation leaves for China to finalise economic package

An IMF delegation is currently in Pakistan for two weeks

Ahead of Imran's visit, China hints at aid to Pakistan to avoid IMF bailout

Pakistan has also recently secured $6 billion in financial support from Saudi Arabia, another close ally

Seeking loans from IMF, friendly govts to reservice debts: Imran Khan

Khan, who was elected prime minister in July, is in Saudi Arabia for the second time this month seeking to shore up financial aid as the country reels from a looming balance of payments crisis

Pakistan approached IMF for last time for bailout: Finance Ministry

"Doing business in Pakistan has become very expensive (and) the environment for investment and business needs to be improved", he said