Source: New York Times
ISLAMABAD, Pakistan — The International Monetary Fund approved a $7.6 billion loan for Pakistan on Tuesday to prevent the country from defaulting on its debt and to help stabilize its economy.
The loan, under discussion for more than a month, was at first strongly resisted by the Pakistani government, which sought funds on […]

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Source: BBC News
Pakistan is awaiting a decision from the International Monetary Fund on its request for a $7.6bn (£5.1bn) loan to shore up the economy.
The IMF board meets on Monday in Washington and the Pakistani rupee gained ground on expectation that the request would be approved.
If the loan is backed, the first transfer of about […]

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Source: Time
You wouldn’t want to be the President of Pakistan: Even as the military finds itself embroiled in a war against militants that much of the country’s elected leadership (and even more of the electorate) opposes, it’s hard even to keep the lights on as the limits of the country’s electricity supply mean daily blackouts […]

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Source: Radio Australia
Prominent Pakistani politician, Imran Khan says the country is heading for a financial and social disaster.
Pakistan has held discussions with the International Monetary Fund and needs up to $US4.5 billion in the next month to deal with a balance of payments crisis.
Mr Khan says there’s no government strategy for tackling the problems and […]

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Source: Bloomberg
By Khalid Qayum
Oct. 23 (Bloomberg) — Pakistan, seeking assistance from the International Monetary Fund, faces a credit-rating cut if it doesn’t “stabilize” its foreign reserves and balance of payments, Standard & Poor’s said.
The nation’s foreign reserves fell $570 million in the week ended Oct. 10 and have shrunk more than 74 percent in the […]

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Source: Asia One
An endorsement of Pakistan’s economic stabilisation package by the International Monetary Fund (IMF) will almost certainly lead to more taxes and a further interest rate hike, at a time when the government is already doing away subsidies on oil and electricity.
The IMF issues a letter of comfort for donor agencies to give programme […]

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Source: Daily Times
* Negotiations a contingency plan if Pakistan fails to get lending from other financial institutions
* Pakistan seeking $6 billion
By Sajid Chaudhry
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will conclude negotiations on the Economic Stabilisation Programme this week in Abu Dhabi, a senior official in the Finance Ministry told Daily Times on Sunday.
The […]

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Source: Bloomberg
By Farhan Sharif
Oct. 12 (Bloomberg) — Pakistan plans to set up a fund for expatriates to buy shares of government-controlled companies, before lifting curbs that have shielded investors from a record sell-off in emerging market equities.
The fund will buy stocks including Oil & Gas Development Co., the biggest fuels explorers, National Bank of Pakistan, […]

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Source: Telegraph
Just when it was looking as if the situation in Pakistan could not get any worse, along comes the global credit crisis. As if the newly appointed administration of President Ali Zardari didn’t have enough on its plate already trying to establish its political authority while waging war against a determined Islamist insurgency. But […]

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Source: Bloomberg
By Khaleeq Ahmed and Naween A. Mangi
Oct. 7 (Bloomberg) — Pakistan, with the world’s second- lowest credit rating, will send a delegation to the U.S. next week as it seeks $10 billion in emergency assistance to avoid defaulting on its debt.
The government is also expected to meet with the Friends of Pakistan Group in […]

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