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The Latest Breaking News from Ishaq Dar

Saudi Arabia deposits $2 billion in Pakistan's central bank as a boost ahead of a key IMF meeting

Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country

The Independent UK

Few buyers for Eid camels as record inflation hits Pakistan

As inflation reaches record 38 percent in May and IMF bailout package awaited, the economic crisis affects celebrations.

Al Jazeera

Pakistan lays out budget but may not satisfy IMF

The ‘plain-vanilla’ budget is unlikely to satisfy IMF, which could lead to the South Asian nation defaulting on debt.

Al Jazeera

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Crisis-hit Pakistan set to present budget as IMF watches

Pakistan hopes budget will help unlock more than $2.5bn left in $6.5bn IMF bailout programme expiring this month.

Al Jazeera

IMF hoping for board meeting on Pakistan before current program expires

The International Monetary Fund (IMF) remains in touch with Pakistan's authorities in order to pave the way for a board meeting before a financing program expires at the end of June, the IMF mission chief for Pakistan said.

Reuters

Pakistan to share budget details with IMF to unlock funds - finance minister

Pakistan's Finance Minister Ishaq Dar said on Sunday the country will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds.

Reuters

UAE tells IMF it will support Pakistan with $1bn, says minister

Ishaq Dar says the UAE has informed the IMF that it will provide $1bn to the crisis-hit South Asian nation.

Al Jazeera

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Pakistan's finance minister opposes provincial snap polls mandated by court

Provincial snap elections are not in the national interest of Pakistan given its economic turmoil and security situation, the country's Finance Minister Ishaq Dar said on Monday.

Reuters

Pakistan finance minister cancels US trip due to political crisis

Pakistan Finance Minister Ishaq Dar on Saturday said he had canceled his trip to Washington for the spring meetings of the International Monetary Fund and World Bank on the orders of the prime minister due to the political situation in the country.

Reuters

Pakistan minister cancels trip to IMF, World Bank meetings in US - sources

Pakistan's finance minister has cancelled a visit to Washington for spring meetings of the International Monetary Fund (IMF) and World Bank, government officials said on Friday, citing domestic political turmoil as the reason.

Reuters

China rolls over $2 billion loan to Pakistan as it struggles with external liquidity

Pakistani Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.

Reuters

Politics Are Holding Pakistan’s Economy Hostage

Drama around former Prime Minister Imran Khan leaves Pakistan’s finances in the lurch.

Foreign Policy

How skyrocketing inflation has hit Pakistan’s most vulnerable

With Ramadan approaching, millions of Pakistanis struggle to put food on the table amid a worsening economic crisis.

Al Jazeera

Markets brace for Pakistan default risk as $7 billion debt looms

ISLAMABAD: Bondholders are bracing for a potential default by Pakistan as the beleaguered nation struggles to meet billions of dollars in debt repayments by June.

The Times of India

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Al Jazeera

IMF to crisis-hit Pakistan: Tax the rich, protect the poor

Comments come at the back of a 10-day visit by an IMF delegation, as Pakistan hopes to unlock $1.1bn of crucial funds.

Al Jazeera

As cash runs out, Pakistan introduces bill to unlock IMF funds

Measures proposed to secure the crucial loan include raising the general sales tax by a percentage point to 18 percent.

The Times of India

How Pakistan is taking desperate economic measures for IMF bailout

NEW DELHI: The Pakistan government is trying its best to secure a deal with the International Monetary Fund (IMF) for the release of a critical bailout package, failing which it can slump into default.

The Independent UK

Pakistan in bailout bid sharply raises natural gas taxes

Cash-strapped Pakistan sharply increased taxes on natural gas to comply with a long-stalled financial bailout, and both industrial and everyday consumers were expected to feel the pain

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The Times of India

Pakistan fails to reach deal with IMF: What it means for economy

NEW DELHI: Cash-strapped Pakistan's woes deepened further after it failed to reach a consensus with International Monetary Fund (IMF) for $1.1 billion funding.

Al Jazeera

Pakistan says it agrees to IMF terms on release of $1.1bn payout

As IMF team leaves after 10 days of talks, finance minister Ishaq Dar says ‘routine procedures’ have delayed payment.

Reuters

Pakistan Finance Minister says expect IMF matters to be settled today - Dawn news

Pakistan's finance minister was quoted on Thursday as saying he expects talks with a visiting International Monetary Fund mission to be settled today.

WEKU

Pakistan is roiled by multiple crises at once, with little end in sight

A storm of global issues, from the Russian invasion of Ukraine to the Taliban's takeover of Afghanistan, has exposed and exacerbated Pakistan's political, economic and security fault lines.

The Times of India

Pakistan govt raises petrol, diesel prices by Rs 35 each

ISLAMABAD: Cash-strapped Pakistan's government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.

Al Jazeera

Amid economic turmoil, Pakistan hikes up fuel prices

Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.

Al Jazeera

Pakistan’s finance minister to meet IMF delegation in Geneva

IMF has yet to approve the release of $1.1bn originally due to be disbursed in November last year.

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