ISLAMABAD :Pakistan's Prime Minister Shehbaz Sharif said on Tuesday that his country was willing to discuss all demands of International Monetary Fund to unlock its stalled funding.
The IMF is yet to approve its ninth review to release $1.1 billion, which was originally due to be disbursed in November last year, but got held up over fiscal consolidation issues. With interest rates already at 17 per cent, inflation hitting 24.5 per cent in December, and foreign reserves as low as $4.6 billion, barely enough to cover three weeks of imports, the South Asian nation is in dire need of external financing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pakistan keen to discuss IMF demands for loan progress - PM SharifISLAMABAD : Pakistan has told the International Monetary Fund (IMF) that it wants to discuss the demands of the global lender for a loan for the country, Prime Minister Shehbaz Sharif said on Tuesday.The IMF is yet to approve the release of $1.1 billion originally due to be disbursed in November last year
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Power returns to Pakistan a day after massive outageISLAMABAD, Pakistan: The national power grid was restored in Pakistan, the energy minister said on Tuesday (Jan 24), a day after a nationwide breakdown left most of the country's 220 m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Power returns to Pakistan a day after massive outageISLAMABAD, Pakistan: The national power grid was restored in Pakistan, the energy minister said on Tuesday (Jan 24), a day after a nationwide breakdown left most of the country's 220 m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China offers Sri Lanka debt moratorium, IMF help still in doubtNEW DELH/COLOMBO :The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.India wrote to the IMF earlier this month, sayi IMF自身難保
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Australia’s health system prime target for hacks, minister saysThe country needs to step up its efforts to combat hacking attempts, the minister said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
New Zealand's Ardern bids emotional farewell on last day as prime ministerWELLINGTON: Jacinda Ardern on Tuesday (Jan 24) bid an emotional farewell on her last day as prime minister, speaking of the kindness and empathy New Zealanders have shown her, but said she was ready to be a sister and a mother. Days after stunning the world by announcing she had Must be sad for New Zealanders. Good riddance... still thinking of becoming backbench MP? 😂 jacindaardern did a superb job. The global stage will miss her.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »