13SharesThe government has decided to withdraw all its deposits from commercial banks worth around Rs2 trillion and park it at the central bank under a precondition to win the International Monetary Fund’s (IMF) bailout worth $6 billion in a couple of weeks, The Express Tribune reported. The report says if the move is executed suddenly, […]
Pakistan is flirting with a textbook emerging-market crisis and getting Islamabad out of its jam is once again the job of the International Monetary Fund (IMF), says an article published by Bloomberg. “Pakistan has agreed its 13th IMF bailout since the 1980s. Steering a recovery may be a tougher task than winning the world cup […]
Forget about the criticism over obtaining loans from the foreign countries and international financial institutions, as The Express Tribune in a report on Sunday said Pakistan is eyeing obtaining record foreign loans of over $12 billion in the upcoming fiscal year on the strength of an International Monetary Fund (IMF) programme. But it will still […]
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