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Factbox: Sri Lanka is running out of time to secure an IMF bailout

Sri Lanka is seeking help from the International Monetary Fund (IMF) for its 17th program in seven decades, needing a bailout in place before...

Apple supplier Japan Display secures bailout

Harvest would increase its investment, included a $100 million investment from a JDI customer, Japan Display said

IMF likely to extend $12 billion bailout to Pakistan soon: Fitch ratings

KARACHI: The International Monetary Fund (IMF) and Pakistan will soon reach to a bailout deal with a potential size of $12 billion, Fitch Solutions...

Pakistan, IMF extend bailout talks after failing to reach agreement

ISLAMABAD: Pakistan has extended talks with the International Monetary Fund (IMF) after the two sides failed to agree on the terms of a bailout...

ECC approves Rs17 billion support package for PIA

ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved a financial support package worth over Rs17 billion for the loss-making national entity Pakistan International...

Pakistan holds first round of talks with IMF team on possible bailout package

ISLAMABAD: An International Monetary Fund (IMF) team on Wednesday held the first round of talks on a possible IMF bailout, even as Pakistan insisted...

Pakistan gets a boost of confidence but IMF bailout still on the cards

ISLAMABAD: Finance Minister Asad Umar’s bullish comments declaring the end of an economic crisis have bolstered confidence ahead of crunch talks with the International...

Asad Umar calls for practical steps to ‘break’ begging bowl

ISLAMABAD: Finance Minister Asad Umar on Tuesday reiterated the government will be obtaining an IMF bailout package for the last time to steer the...

Friendly countries ready to help Pakistan financially: report

NEW YORK: Friendly countries are ready to help Pakistan to steer it out of the current 'feeble' economic condition, reported Voice of America (VoA)...

Govt approached IMF to bridge financial gap: Fawad

Information Minister Fawad Chaudhry has said the government approached the IMF for a bailout package to ensure the smooth functioning of the economy.

China backs Pakistan’s request to IMF for financial assistance

BEIJING: China has rebuffed the claim that the loans under China Pakistan Economic Corridor (CPEC) are responsible for the current financial situation of Pakistan.  At...

US says closely evaluating Pakistan’s plea for IMF bailout

WASHINGTON: The United States (US) has said it is closely examining Pakistan’s request for the International Monetary Fund (IMF) programme to address its economic...

Pakistan to decide on over $12 billion bailout in 6 weeks: Asad Umar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar, who is likely to be the next finance minister of the country, says the country’s economy may...

US warns against IMF bailout for Pakistan that aids China

WASHINGTON: U.S. Secretary of State Mike Pompeo has warned that any potential International Monetary Fund (IMF) bailout for Pakistan’s new government should not provide...

Ex-Barclays CEO charged with fraud over Qatar funding 

LONDON: Britain's Serious Fraud Office said on Tuesday it had charged Barclays bank and four former managers, including a chief executive, with "conspiracy to...

Pakistan still faces economic challenges, says IMF chief

ISLAMABAD: International Monetary Fund (IMF) chief Christine Lagarde has said that Pakistan still faces economic challenges despite improvements in the sector. Lagarde, in a meeting...

Protesting PIA employees cannot hold Pakistan hostage: Asif

ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Friday said that protesting Pakistan International Airlines (PIA) employees cannot hold the country hostage.

New IMF tranche takes Cyprus bailout to one billion euros

NICOSIA, CYPRUS: The International Monetary Fund on Wednesday approved the disbursement of 126.3 million euros ($137.4 million) to Cyprus after the Eurozone member passed its ninth and penultimate review of its bailout programme.

Germany wants IMF involved in Greek bailout for reform rigour: sources

BERLIN: Germany wants the International Monetary Fund involved in Greece's new bailout because of the economic rigour it brings more than for any financial help, government sources said on Thursday.

Greek parliament to vote on controversial bailout

ATHENS: Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras's toughest political test yet.

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