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New Delhi: As Pakistan’s economic frailty teeters on the edge, the International Monetary Fund (IMF) has signalled a hardening of stance. It has slapped Islamabad with 11 fresh policy requirements to unlock its next bailout tranche. This brings the total number of conditions to a staggering 50. The latest decision reflects the global lender’s growing…
New Delhi: “We got $55 billion and built delusions.” That is how former Pakistani Ambassador to the United States, Husain Haqqani, summed up decades of international aid to Pakistan in a video clip – which continues to echo more than 10 years after it was recorded. While countries like South Korea and Taiwan used foreign…
Amid stress from India, the International Monetary Fund (IMF) has given a fund of $ 1 billion to Pakistan. Despite wanting, India could not vote against this bailout package given to Pakistan. However, India opposed the funding citing Pakistan’s bad track record and said that the financial assistance that Pakistan had received earlier also did…
Pakistan’s attacks on Indian civilian and military sites could end up hurting it more than its perceived enemy, India, because of the timing. Pakistan is surviving on doles and loans, and faces review at a crucial meeting of the International Monetary Fund (IMF) on May 9 on its 7-billion-dollar bailout programme. A military crisis is…
New Delhi: In the wake of a deadly terror attack in Jammu and Kashmir’s Pahalgam last month, India has launched a renewed diplomatic campaign to pressure the Financial Action Task Force (FATF) into placing Pakistan back on its “grey list” and also, cancellation of the IMF loan to Islamabad. If it happens, the designation can damage Islamabad’s already fragile…
Islamabad: The International Monetary Fund (IMF) has emphasised the urgent need for policy reforms in Pakistan, highlighting that the country has not kept pace with its regional peers in living standards, according to a report by The News International. The report states that, in recent decades, Pakistan has lagged in income per capita, competitiveness and…