Cash-strapped Pakistan is outsourcing its major airports' operations as the country contends with an economic crisis that has sent its foreign exchange reserves plummeting. Pakistan is to proceed with the sale by a tender of a contract to manage Islamabad Airport after consultations with the World Bank's International Finance Corporation.

Cash-strapped Pakistan to lease out Islamabad Airport

Sri Lankan parliament on Wednesday (July 19) approved a crucial anti-corruption bill without a vote. The bill passed by the 225-member parliament of the South Asian nation is aimed at improving governance in the crisis-hit country.

Sri Lankan parliament passes anti-corruption bill, fulfills IMF condition

The International Monetary Fund(IMF) has released a staff report about Pakistan's poor handling of the economy and its inability to maintain steady operations. The IMF reports also uncover the conditions tied to a $3 bn standby arrangement package provided to Pakistan with risk to program implementation exceptionally high, policy slippage, and delays in external financing disbursement. This could jeopardise the country's macro-financial stability and debt sustainability.

IMF urges tightening measures as Pakistan's economy falters

A little more than a week after approving a $3 billion bailout programme for Pakistan, the International Monetary Fund (IMF) has said the country needs another programme and support from other multilateral lenders.

Pakistan needs another bailout package, faces ‘exceptionally high’ risks, warns IMF

Pakistan is blowing its own trumpet. Facing the worst economic crisis in years. India's troubled neighbour misses no chance. To showcase its bogus superiority complex. Cash-strapped Pakistan is currently running on foreign loans taken on higher interest rate. With soaring inflation, Pakistanis are finding it difficult to collect something as basic as a sack of flour. At the mercy of the IMF, Pakistan recently secured a $3 billion bailout package.

Pakistan sets the priority straight as it will install flag taller than India after getting IMF loan

The international monetary fund's report reveals a nuanced picture, with both encouraging and concerning developments. Manufacturing in G20 economies is grappling with weakness, while global trade continues to face challenges. On the bright side, the demand for services is robust, especially in areas where tourism is making a comeback. The IMF maintains its April 2023 global GDP growth forecast at 2.8%, with risks leaning mostly toward the downside. Concerns include the potential escalation of Russia's war in Ukraine, persistent inflation, and the possibility of financial sector stress that could disrupt markets.

IMF's cautionary outlook: Inflation peaks & risks emerge

A big relief for cash-strapped Pakistan the international monetary fund has formally approved a three billion dollar package for the struggling South Asian country.

IMF approves $3 billion loan for Pakistan

Even amid signals of the Sri Lankan economy gradually coming back on track on the back of the IMF loan and strong fiscal measures, there are signals of a large number of skilled professionals leaving the country for better career opportunities and better lives for themselves and their families. The number of IT professionals, doctors, and others registering to leave the country has nearly doubled over 2021. Youth cite uncertainty on the road ahead for the country.

Sri Lanka brain drain

Finance Minister Ishaq Dar announced on Tuesday that Saudi Arabia provided a boost of support to Pakistan's struggling economy. Saudi Arabia has provided $2 billion in financial assistance to Pakistan, which comes at a crucial time as the International Monetary Fund's board is expected to approve a much-needed $3 billion bailout.

Saudi Arabia provides $2 billion support to Pakistan's weak economy

In a big respite to the nation's crumbling economy, International Monetary Fund (IMF) has given its approval to a $3 billion bailout programme for Pakistan on Wednesday.

IMF approves $3 billion bailout for Pakistan, offers respite to crumbling economy

Saudi Arabia has come to the rescue of cash-strapped Pakistan. The oil Rich Kingdom has sent a two billion dollar financial assistance to Pakistan.

Saudi money saves the day for Pakistan: Saudi deposits $2 billion to Pakistan banks

As the IMF agreed a three billion dollar deal to avert an impending economic catastrophe in the area, Pakistan has gained a much-needed lifeline. This IMF investment is a ray of hope for Pakistan's beleaguered economy, which has been suffering from a severe balance of payments problem and declining foreign reserves that have brought it perilously near to default. Pakistan's prime minister expressed gratitude to China and other friends for their assistance.

IMF to disburse $ 3 Billion to Pakistan in nine months

Official data released on Monday revealed that Egypt's year-on-year headline inflation reached an unprecedented 35.7 percent in June, exceeding the previous record of 32.

Egypt's inflation pyramid: inflation surges to 35.7 percent in June

Former Pakistan Prime Minister Imran Khan has urged the international monetary fund to seek a guarantee from the government that general elections in Pakistan will be held at their scheduled time this year.

Former Pak PM Imran Khan seeks IMF support for timely elections in the country

Former Pakistan prime minister and Pakistan Tehreek-e-Insaf (PTI) Imran Khan sought a guarantee from the International Monetary Fund (IMF) that the general elections in the country would be held on its scheduled time, according to a report by Geo News last Saturday (July 8).

Pakistan: Imran Khan seeks guarantee from IMF over timely elections

Pakistan's cash-strapped economy got much-needed relief from the international monetary fund after it was able to clinch a 3 billion dollar package to avoid a potential default. But whether Pakistan will be able to emerge unscathed from the economic turmoil will completely depend on how stable its political system remains in the coming months.

Political stability key for cash-strapped Pakistan

Sri Lanka's parliament has made a significant decision in the face of a severe financial crisis. Parliament has approved a crucial debt restructuring plan, essential to secure a $2.9 billion bailout from the international monetary fund (IMF).

Sri Lanka approves debt restructuring plan for IMF bailout

Pakistan's benchmark KSE-100 Index kicked off the week on a high note, gaining a solid 5.8 percent during Monday's trading session. The positive momentum was so strong that trading had to be briefly halted after the index hit its upper circuit limit.

Pakistan stock market surges 5.8% after $3 billion IMF deal

IMF extends helping hand to cash-strapped Pakistan

While Pakistan has received a much-needed Llfeline as the International Monetary Fund has approved a three billion dollar deal to prevent an impending economic collapse.

IMF comes to the rescue of cash-strapped Pakistan

Pakistan has managed to clinch a last-minute relief from the International Monetary Fund (IMF) as the two have agreed on an initial $3 billion loan from the global lender.

Pakistan secures initial relief of $3bn from IMF in its bid to avoid sovereign default

Pakistan is currently facing an unprecedented financial crisis and expects a loan from the International Monetary Fund (IMF) to revive the economy. On Wednesday (June 28), Dawn newspaper reported citing people with knowledge of the matter that Islamabad is in talks with the international financial institution for a new $2.

Pakistan in talks with IMF for new $2.5 billion quick standby assistance: Report

The Pakistani government and the International Monetary Fund (IMF) were discussing a $2.5-billion "standby arrangement" for six to nine months as the current bailout programme is set to expire on Friday (June 30).

Pakistan, IMF discussing $2.5 billion standby arrangement, says FM Ishaq Dar

In the south of the Indian subcontinent, Sri Lanka heaved a sigh of respite after the World Bank approved $700 million in budgetary and welfare support for the island nation.

Sri Lanka gets $700mn from World Bank months after India’s extended credit line for economic recovery

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