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خبر غم: اے آر وائی گروپ کے سی ای او سلمان اقبال کی بیٹی دوبئی میں انتقال کر گئیں

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Moody’s: Pakistan’s Default Risk Increases Without IMF Support

by media bites
May 10, 2023
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Pakistan could potentially default without an IMF bailout, Moody’s Investor Service has warned. Grace Lim, a sovereign analyst at Moody’s in Singapore, said that Pakistan would be able to meet its external payments for the remainder of this fiscal year ending in June, but beyond that point, the country’s financing options are “highly uncertain.

” Moody’s warns that without an IMF programme, Pakistan could default due to its very weak
reserves. The nation of over 220 million people is struggling to revive a $6.5 billion bailout programme from the IMF, which has stalled after the government failed to meet some loan conditions. Political tensions ahead of elections due this year are adding to the risk of a delay in the loan.

An IMF programme beyond June would support additional financing from other multilateral and bilateral partners, which could reduce default risk. Pakistan’s foreign-exchange reserves remain extremely low, at $4.5 billion, sufficient to cover only about one month of imports.

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خبر غم: اے آر وائی گروپ کے سی ای او سلمان اقبال کی بیٹی دوبئی میں انتقال کر گئیں

خبر غم: اے آر وائی گروپ کے سی ای او سلمان اقبال کی بیٹی دوبئی میں انتقال کر گئیں

Hamza Nadeem Public News

Amin Hamza joins Public News as Sr. Sales Manager

کاشف شہزاد بزنس ریکارڈر سے منسلک ہو گئے

کاشف شہزاد بزنس ریکارڈر سے منسلک ہو گئے

main logo

پاکستانی نژاد برطانوی سفارتکار فوزیہ یونس ٹورنٹو میں برطانوی کونسل جنرل تعینات

main logo

سہیل ظفر نے ٹی وی ٹوڈے جوائن کر لیا 

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Indian-American Ajay Banga to lead World Bank

McGarry

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Ordered a hot dog and receyived bag of cocaine

Ordered a hot dog and receyived bag of cocaine

Suzuki asks PM not to increase taxes

Suzuki asks PM not to increase taxes

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