Pakistan to seek at least $6 bn in new IMF loan program, Bloomberg reports

Author: Reuters

Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.

The country will seek to negotiate an Extended Fund Facility with the IMF, the report said, adding that the talks with the global lender were expected to start in March or April.

Share
Leave a Comment

Recent Posts

  • World

Turkiye’s Erdogan calls for Islamic alliance against Israel

Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what…

3 hours ago
  • Pakistan

Gold extraction endangers rare reptiles

A rare snake species known as the blunt-nosed viper and other reptiles, especially the geico…

3 hours ago
  • Pakistan

Catering services in high demand as Milad (PBUH) celebrations intensify

As Pakistan prepares to celebrate the birthday of the Holy Prophet Muhammad (PBUH) on September…

3 hours ago
  • Pakistan

PCB official says domestic competitions not subservient to international assignments

PCB Director High-Performance, Tournament Director Champions One Day Cup Nadeem Khan has said that the…

3 hours ago
  • Pakistan

Experts suggests lifestyle changes to control diabetes

The Health experts addressing a symposium on Saturday stressed lifestyle changes to prevent diabetes which…

3 hours ago
  • Pakistan

Pakistan team to compete in 5th World Nomad Games 2024

Pakistan's combined contingent is all set to participate in the 5th World Nomad Games, scheduled…

3 hours ago