IMF okays US$450 million loan tranche to Pakistan
Pakistan raised petrol prices in May as part of economic reforms, earning it praise from international lenders. – EPA pic, November 9, 2019.
THE International Monetary Fund yesterday praised Pakistan’s economic performance and agreed on next steps, paving the way for release of another portion of a US$6 billion , three-year loan package. Once the IMF board gives the go ahead, the Washington-based lender will provide US$450 million to help right the South Asian nation’s economy, on top of the US$1 billion released in July.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NY judge orders Trump to pay US$2 million to charities | The Malaysian InsightCourt rules US president used former charity to further political, business interests.
Read more »
Canberra unveils A$1 billion loans to help farmers through ‘big dry’ | The Malaysian InsightAustralian govt accused of bungling response to crisis made worse by own climate policies.
Read more »
Sikhs await opening of corridor to sacred shrine in Pakistan | The Malaysian InsightKartarpur corridor marks rare example of cooperation between India, Pakistan.
Read more »
DPM says RM3.3 million spent on helping Kuala Koh’s Bateq | The Malaysian InsightRM2 million used to build power supply system, says Dr Wan Azizah Wan Ismail.
Read more »
Alibaba eyes US$15 billion Hong Kong IPO | The Malaysian InsightChinese e-commerce titan looking to hold hearing on the move next week, reports Bloomberg News.
Read more »