Tag Archives: bailout package

Government Approves Supplementary Grant for PIA’s Interest Payments

Government Approves Supplementary Grant for PIA's Interest Payments

The Finance Ministry recently announced that the Economic Coordination Committee (ECC) of the Cabinet has given its approval for a supplementary grant of Rs4 billion to Pakistan International Airlines (PIA). This grant is intended to cover the interest payments on loans, which amounted to nearly Rs23 billion. The meeting was chaired by Finance Minister Ishaq… Read More »

Breakthrough Reached in IMF Bailout Package Negotiations with Pakistani Government

Breakthrough Reached in IMF Bailout Package Negotiations with Pakistani Government

Pakistan Nears Signing of Tightly-Negotiated IMF Bailout Package After months of intense negotiations between the Pakistani government and the International Monetary Fund (IMF), a significant breakthrough has been achieved, according to a report by Geo News on Saturday. Insider sources reveal that an official announcement regarding the signing of the deal is expected to be… Read More »