Pakistan trapped in vicious cycle of taking loans to pay back previous loans

Jun 23, 2022

Islamabad [Pakistan], June 23 : A Pakistani columnist has raised questions to the country's "incompetent and failed rulers" asking them how they will solve...

World Bank approves USD 800mn loans to Pakistan

Jun 30, 2021

Washington DC [US], June 30 : The World Bank on Tuesday approved USD 800 million in financing for two programs in Pakistan--the Pakistan Program...

Despite IMF loans, Pakistani rupee continues to fall

Sep 27, 2022

Islamabad [Pakistan], September 27 : Despite the inflow of International Monetary Fund (IMF) loans, Pakistan's currency continues to fall.

Pakistan borrows USD 14.3 billion foreign loans in FY21

Jul 20, 2021

Islamabad [Pakistan], July 20 : Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the...

Despite IMF loans, Pakistan continues to rely on China

Apr 10, 2021

Islamabad [Pakistan], April 10 : Pakistan is set to address a dozen conditions in six months to meet the USD 6 billion International Monetary...

Pakistan faces public backlash over 'decades of begging' for loans, report

Feb 25, 2022

Islamabad [Pakistan], February 25 : Amid the release of a fresh tranche of loans from the International Monetary Fund (IMF), the Pakistani government is...