Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 6 days ago
- Bias Distribution
- 100% Right
The International Monetary Fund (IMF) has placed Pakistan's $7 billion Extended Fund Facility (EFF) on its Executive Board agenda for September 25, following the nation's adherence to the terms of a 37-month agreement established in July. Prime Minister Shehbaz Sharif acknowledged the critical support from friendly nations in meeting the requirements for this bailout, which is seen as essential for alleviating Pakistan's ongoing economic distress. Chief Minister Punjab, Maryam Nawaz Sharif, expressed optimism about the IMF's positive response, asserting that this could be Pakistan's last engagement with the IMF and projecting a rise in investor confidence. Islamabad must secure an additional $2 billion in external financing from bilateral and commercial lenders within the week, amid existing debts including $5 billion owed to Saudi Arabia. The government has committed to implementing stringent reforms aimed at boosting revenue and stabilizing the economy. As Pakistan navigates its financial challenges, there are concerns about the impact of debt-driven fiscal policies on inflation and overall economic stability.
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 6 days ago
- Bias Distribution
- 100% Right
Negative
20Serious
Neutral
Optimistic
Positive
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