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Moody rsquo s Investors Service warned that Pakistan could default without an International Monetary Fund (IMF) bailout as the country faces uncertain financing options beyond June, reported Bloomberg on Tuesday. ldquo We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June, rdquo Grace Lim, a sovereign analyst with the ratings company in Singapore, wa
adidas spezial s quoted as saying in an emailed response to Bloomberg. ldquo However, Pakistan rsquo s financing options beyond June are highly uncertain. Without an IMF programme, Pakist
chunky dunk an could default given its very weak reserves. rdquo The remarks come as Pakistan remains engaged with the Washington-based lender to r
adidas campus grey esume its bailout programme that has been stalled at the ninth review since November last year.Various measures including a floating exchange rate, additional taxes, and hike in energy tariffs have failed to convince the IMF to resume the bailout.Read The future of IMF and sovereign Ustg Boy dies while taking selfie
The government is once again looking up to the overseas Pakistani community to help it out of its financial woes. While the balance-of-payments crisis has been taken care of, to a good extent, through assistance packages from friendly states, the country s dwindling foreign exchanges reserves 鈥?currently standing at $15.25 billion, including $8.86 held by the SBP 鈥?is s
nike air force 1 hombre till worrisome. Now with its eyes on the expatriate community, the government is launching Pakistan Banao Certificates on January 31 for shoring up its forex reserves. The dollar-dominated bonds certificates would be of two types 鈥?one with a three-year maturity carrying a 6.25% return and the other with a five-year maturity carrying a 6.75% return. The first-ever transaction of its nature targeting the overseas P
air force mid akistanis only, the bonds will be launched worldwide as against the government s initial plan to float them only in the US and the UK.Citing no specific reasons, the government expects a hug
adidas campus 00 e response to this di
