December 5: A Pakistan International Airlines (PIA) plane from Islamabad to Jeddah made emergency landing at Karachi’s Jinnah International Airport after developing a ‘technical fault’, ARY News reported on Sunday.
Pakistan Takes Hard Steps in Efforts to Secure IMF Bailout Plan
January 30: Bloomberg reported Pakistan’s moves to loosen its grip on the currency and increase fuel prices indicate that the beleaguered nation is finally taking the unpopular decisions needed to secure the $6.5 billion bailout program from the International Monetary Fund. Read More I
Debt restructuring framework must improve to help distressed countries, Pakistan’s ex-central banker says
January 30: CNBC says global bodies like the IMF need to step up and improve the framework for sovereign debt financing so that emerging market economies, like Sri Lanka, can get out of their debt distress problems faster. Read More I
Pakistan-IMF talks to begin today
January 31: Express Tribune reported Pakistan, already hurt by the unfulfilled commitments made by foreign nations promising cash deposits worth $5 billion, will today (Tuesday) lock horns with the International Monetary Fund (IMF) in one of the toughest negotiation sessions ever to revive the $6.5 billion bailout package. Read More I