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Pakistan Under Unending Strain : Part II
‘If the economic situation does not lead to its collapse, its militant groups will ensure prevention of its survival’ Part I of this essay emphasized on getting the background right,…
By Lt Gen Syed Ata Hasnain (Retd)
Pakistan Under Unending Strain – Part 1
Pakistan has for long, been heading towards a situation where it could be perceived as a failed state, or at least a state under immense strain. Everything that goes into…
By Lt Gen Syed Ata Hasnain (Retd)
IMF: Staff-level agreement reached with Pakistan for release of USD 1.17bn loan tranche
Islamabad, Jul 14 (PTI) Pakistan is at a “challenging economic juncture”, the IMF has said as it reached a preliminary Staff-Level Agreement on the combined seventh and eighth reviews for…
World Bank approves $723 million in loans, grants for Ukraine
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The World Bank said its executive board on Monday approved a $723 million package of loans and grants for Ukraine, providing desperately…
South Africa gets $750 million World Bank loan to bolster COVID recovery effort
CAPE TOWN (Reuters) - The World Bank has approved a loan of $750 million to South Africa linked to COVID-19, aiming to help protect the poor and support economic recovery…
ADB approves USD 500m loan to help Pakistan procure COVID-19 vaccines
Manila [Philippines], August 7 (ANI): The Asian Development Bank (ADB) has approved a USD 500 million loan to help Pakistan procure and deploy safe and effective COVID-19 vaccines and strengthen…
Cash-strapped Pakistan inks agreement with Saudi Arabia-based bank to borrow USD 4.5 billion
Islamabad [Pakistan], July 6 (ANI): A debt-ridden Pakistan has signed an agreement with Saudi Arabia-based Islamic Development Bank (IDB) to borrow USD 4.5 billion to alleviate oil and gas shortages…
Pakistan’s external debt likely to increase as dependence on foreign loans continues
Islamabad [Pakistan], June 30 (ANI): Pakistan's external debt is likely to increase in the near future as it is under compulsion to borrow more and more every year to repay…
World Bank approves USD 800mn loans to Pakistan
Washington DC [US], June 30 (ANI): The World Bank on Tuesday approved USD 800 million in financing for two programs in Pakistan--the Pakistan Program for Affordable and Clean Energy and…
Cash-strapped Pakistan requests another year to pay back Chinese loans
Islamabad [Pakistan], June 14 (ANI): A debt-ridden Pakistan has requested its all-weather ally China that it needs another year to pay back a billion dollars Islamabad had borrowed from Beijing…
