Pakistan clinches deal with IMF over stalled bailout package

[datafreak]

Wish IMF let freefall the economy, otherwise this adhocism not now but later brings a much bigger storm...

Well it's a confidence game, let's see if this calms the market enough to get some time.

 

[Sifar zero]

Wish IMF let freefall the economy, otherwise this adhocism not now but later brings a much bigger storm...

Easy thing to say while you are in the US.
Have some shame you idiot and see beyond politics.

 

[karmaa]

Govt finalises deal with IMF mission over $6.5 billion lending programme, unlocking critical funds for the economy

ISLAMABAD:
The government of Pakistan on Thursday managed to finalise a deal with the visiting International Monetary Fund mission over the terms of its $6.5 billion lending programme, unlocking critical funds for the ailing economy.

Sources confirmed to Express News that the two sides had finally reached consensus over the details of lending programme. They said that Prime Minister Shehbaz Sharif has also approved the deal and all mattters over the bailout program have been settled.

Finance minister Ishaq Dar is expected to announce further details regarding the talks shortly, the sources added.

Also read: Foreign exchange reserves fall below $3b to nine-year low

The mission has been in Islamabad since Jan 31 to sort out differences over the government's fiscal policy that had stalled the release of over $1 billion from the $6.5 billion bailout package signed in 2019.

The IMF funding is crucial for the $350-billion Pakistan economy facing a balance-of-payments crisis with the country's foreign exchange reserves slipping below $3 billion for the first time in nine years on Thursday, reducing import capacity to just over two weeks.

good for the pakistan economy in long run .

 

[HAIDER]

Easy thing to say while you are in the US.
Have some shame you idiot and see beyond politics.

It's not politics, Pakistan suffering due to your idiotic leaders and 55 years of Marshal laws. And again few bucks throw in your lap. Listen to what Gen Shoaib said today in his vlog and talk in the Ex-servicemen meeting. These IMF loans never reach to the bottom of Pak society..
And yes, we fvckin live in US and feed many families back home... not talk shitz and steal money from national treasure....
It expats who running Pak economy and sending 29 billion dollar a year. Its the directionless incompetent corrupt govt who failed to channelized these forex in right direction ....

 

[blain2]

seems unclear right now -

https://twitter.com/x/status/1623733465169403906

IMF talks end without staff level agreement | The Express Tribune

Two sides agree on a set of measures to help Pakistan avoid looming default

tribune.com.pk

 

[Erieye]

So have they accepted the demands by the IMF, and the reforms they seeked or whatever?

Or is this another loan grab by the corrupt government but not actually implementing any demands?

Has the timeline till defeault only been extended for a while, while the ship continues to sink with no change in the power corridors?

 

[Tomcats]

https://twitter.com/x/status/1623746393306169344

 

[Sifar zero]

It's not politics, Pakistan suffering due to your idiotic leaders and 55 years of Marshal laws. And again few bucks throw in your lap. Listen to what Gen Shoaib said in a vlog and talk in the Ex-servicemen meeting.These IMF loans never reach to the bottom.
And yes, we fvckin live in US and feed many families back home... not talk shitz and steal money from national treasure....

blah blah blah blah.
You literally wanted millions of people to suffer because of your political inclinations so stfu.

 

[truthseeker2010]

Govt finalises deal with IMF mission over $6.5 billion lending programme, unlocking critical funds for the economy

ISLAMABAD:
The government of Pakistan on Thursday managed to finalise a deal with the visiting International Monetary Fund mission over the terms of its $6.5 billion lending programme, unlocking critical funds for the ailing economy.

Sources confirmed to Express News that the two sides had finally reached consensus over the details of lending programme. They said that Prime Minister Shehbaz Sharif has also approved the deal and all mattters over the bailout program have been settled.

Finance minister Ishaq Dar is expected to announce further details regarding the talks shortly, the sources added.

Also read: Foreign exchange reserves fall below $3b to nine-year low

The mission has been in Islamabad since Jan 31 to sort out differences over the government's fiscal policy that had stalled the release of over $1 billion from the $6.5 billion bailout package signed in 2019.

The IMF funding is crucial for the $350-billion Pakistan economy facing a balance-of-payments crisis with the country's foreign exchange reserves slipping below $3 billion for the first time in nine years on Thursday, reducing import capacity to just over two weeks.

Pak has not secured any deal as of now, IMF has put its demands and they need to see it implemented before even saying yes, which is staff level agreement.

So the misery continues.......

 

[HAIDER]

make up your mind, shah ji. only a few days ago you were posting that more than $100 billion was due to china alone (on loans of $25 billion which the naqli mahdi increased to 30 billion within a period of 7 months)

It's not me it's your newspaper... Chinese loans and Chinese bank is a different story. They don t follow IMF guidelines.

https://www.devex.com/news/pakistan-s-100b-deal-with-china-what-does-it-amount-to-90872

“In terms of financing, there’s no issue [with the Chinese]. It’s like Santa Claus has come to town; you can ask for whatever you wish for. But one day it will all need to be paid back.”

— Jamil Masud, director at Hagler Bailly Pakistan
OK, let's go little soft.

China’s Funding to Pakistan Stands at 30% of Foreign Debt​

• Chinese debt to Pakistan is more than IMF, World Bank funding
• IMF releases latest Pakistan report that includes debt details

By
Faseeh Mangi
September 2, 2022 at 7:53 AM CDT

 

[Khan_patriot]

And yes, we fvckin live in US and feed many families back home... not talk shitz and steal money from national treasure....

The only family you are “feeding”, is your own immediate kin, so you might want to tone down the rhetoric a little

 

[epebble]

So we survived for another 3 months ? Imported gakoomat aor handlers na yeh 6 billion dollars khaa pee lainy hain

The government will run on a quarterly plan, like corporations. Come April, crisis management will start for second quarter.

 

[HAIDER]

The only family you are “feeding”, is your own immediate kin, so you might want to tone down the rhetoric a little

Inshallah, people have breathing space ... but the system is corrupt to the core.

 

[TheDarkKnight]

IMF talks end without staff level agreement | The Express Tribune

Two sides agree on a set of measures to help Pakistan avoid looming default

tribune.com.pk

Looks like fake news planted by govt officials. Express is contradicting it self now
:

IMF talks end without staff level agreement | The Express Tribune

Two sides agree on a set of measures to help Pakistan avoid looming default

tribune.com.pk

ISLAMABAD:
Pakistan and the International Monetary Fund failed to reach a staff level agreement on Thursday but agreed to a broad framework aimed at satisfying the lender of the last resort in coming days.

…

 

[delta2]

This is the next 5 year plan and PTI has to sign this. This is not 4th or last review,,, Otherwise.... Massive price inflation is coming.

A massively fiery inferno is coming.

Pray that no deal is reached. This corrupt system in Pakistan has to devour itself, and especially its few beneficiaries!

Let is all burn!!!