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IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns

Business Standard LogoBusiness Standard1w ago

IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns - Business Standard

Quick Summary:

The chiefs of Pakistan's central bank and federal board of revenue also attended the meeting besides other officials from both the sides, the statement said.

A failed attempt by Pakistan to sell its national airline, a major setback to plans to privatise all loss-making state-owned enterprises, will also be discussed along with power and gas sectors losses, they said.

Pakistan has been struggling with boom-and-bust economic cycles for decades, leading to 23 IMF bailouts since 1958.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 15:57:06 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23551302

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 170 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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