Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Trump
access_time 22 Nov 2024 2:47 PM GMT
election commmission
access_time 22 Nov 2024 4:02 AM GMT
Champions Trophy tournament
access_time 21 Nov 2024 5:00 AM GMT
The illness in health care
access_time 20 Nov 2024 5:00 AM GMT
The fire in Manipur should be put out
access_time 21 Nov 2024 9:19 AM GMT
America should also be isolated
access_time 18 Nov 2024 11:57 AM GMT
DEEP READ
Munambam Waqf issue decoded
access_time 16 Nov 2024 5:18 PM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Foreign espionage in the UK
access_time 22 Oct 2024 8:38 AM GMT
exit_to_app
Homechevron_rightWorldchevron_rightPak pleads US to help...

Pak pleads US to help facilitate IMF loan amid major crisis

text_fields
bookmark_border
Pak pleads US to help facilitate IMF loan amid major crisis
cancel

New Delhi: A cash strapped Pakistan has turned to the US for help in order to keep the boat afloat.

The decision comes after understanding that a loan from International Monetary Fund ( IMF) could cause a surge in the prices of essential items in the nation.

Pakistan's Finance Minister Ishaq Dar reportedly requested a visiting US delegation to convince the Washington-based lender to step in for helping the nation.

Dawn further reported Ishaq Dar as saying that the delegation must also understand the challenges from floods and other external factors in the country.

While requesting leniency towards Pakistan, Dar vowed to honour all international commitments alongside taking touch decisions for economic stability in the nation.

The move comes just as Pakistan is waiting the results of the ninth review of an IMF loan agreement, signed by the previous administration.

The evaluation could lead to releasing the pending next installment of funding for the nation held up since September.

In August 2022, the IMF approved the seventh and eighth reviews of Pakistan's bailout program agreed in 2019 which was to allocate more than USD 1.1 billion, according to reports.

The IMF is expressly willing to help Pakistan, however the international agency wants the nation to follow conditions it has put forward.

Show Full Article
TAGS:Pakistan-crisisUS helpIMF loan
Next Story