{"id":73387,"date":"2023-07-13T16:56:09","date_gmt":"2023-07-13T20:56:09","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387"},"modified":"2023-07-13T16:56:09","modified_gmt":"2023-07-13T20:56:09","slug":"imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387","title":{"rendered":"IMF deposits $1.2B in first installment of Pakistan’s bailout deal, alleviating default fears"},"content":{"rendered":"
\n

Pakistan\u2019s finance minister<\/a> on Thursday said the International Monetary Fund deposited a much-awaited first installment of $1.2 billion with the country\u2019s central bank under a recently signed bailout deal aimed at helping Islamabad avoid defaulting on its debt repayments.<\/p>\n

The financial infusion \u2014 part of a $3 billion new bailout deal \u2014 comes ahead of parliamentary elections due later this year. Prime Minister Shehbaz Sharif welcomed the development in a live address to the nation.<\/p>\n

Earlier in the day, Finance Minister Ishaq Dar said in televised remarks that the remaining $1.8 billion would be received from the IMF over the next nine months. The funds will bolster the country’s foreign exchange reserves, which shrank to less than $4 billion in recent months, raising fears of a default. Pakistan\u2019s foreign exchange reserves are likely to rise to $14 billion this week, Dar said.<\/p>\n

The latest development came a day after the IMF said its executive board had approved an agreement to release the $3 billion loan to support Pakistan\u2019s economic stabilization program.<\/p>\n

Late last month, Pakistan and the IMF agreed to the plan<\/a> following meetings with Sharif, Dar and other officials. IMF chief Kristalina Georgieva said Wednesday that “Pakistan\u2019s economy was hit hard by significant shocks last year, notably the spillovers from the severe impacts of floods, the large volatility in commodity prices, and the tightening of external and domestic financing conditions.”<\/p>\n

UNITED NATIONS GROUP URGES CAMBODIA TO RELEASE CAMBODIAN-AMERICAN HUMAN RIGHTS ACTIVIST<\/strong><\/a><\/p>\n

She said the $3 billion bailout, if “implemented faithfully,” will give Pakistan an opportunity to regain macroeconomic stability and address imbalances through consistent policy implementation.<\/p>\n

“Now Pakistan no more faces the risk of a default,” Sharif said Thursday and also thanked Saudi Arabia, China and the United Arab Emirates for financially helping Pakistan while talks with the IMF were still underway.<\/p>\n

Sharif said he would step down in August, ahead of the elections. An interim government will oversee the holding of the vote, possibly in October or November.<\/p>\n

The IMF bailout for Pakistan had been on hold since December because of the country\u2019s lack of compliance with a 2019 agreement, signed between the IMF and former Prime Minister Imran Khan, who was ousted in a no-confidence vote in parliament last year.<\/p>\n

Since coming to power in April 2022, Sharif has blamed alleged corruption under Khan for Pakistan’s economic downturn, remarks he repeated on Thursday.<\/p>\n

A breakthrough in talks came last month when Sharif met with Georgieva in Paris at the Summit for a New Global Financing Pact<\/a> to discuss the revival of the $6 billion bailout that was to expire on June 30.<\/p>\n

Pakistan\u2019s economy witnessed a major shock last summer, when devastating floods killed 1,739 people<\/a> and caused $30 billion in damage.<\/p>\n

This month again, rivers swollen by monsoon rains have inundated dozens of villages in Pakistan’s eastern Punjab province, displacing 1,500 people. Nearly 90 people have died in weather-related incidents since June 25 when the monsoon rains began.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/world\/imf-deposits-1-2b-first-installment-pakistans-bailout-deal-alleviating-default-fears <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan\u2019s finance minister on Thursday said the International Monetary Fund deposited a much-awaited first installment of $1.2 billion with the country\u2019s central bank under a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-73387","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nIMF deposits $1.2B in first installment of Pakistan's bailout deal, alleviating default fears - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF deposits $1.2B in first installment of Pakistan's bailout deal, alleviating default fears - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Pakistan\u2019s finance minister on Thursday said the International Monetary Fund deposited a much-awaited first installment of $1.2 billion with the country\u2019s central bank under a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-13T20:56:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"715\" \/>\n\t<meta property=\"og:image:height\" content=\"423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\"},\"headline\":\"IMF deposits $1.2B in first installment of Pakistan’s bailout deal, alleviating default fears\",\"datePublished\":\"2023-07-13T20:56:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"articleSection\":[\"Market News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\",\"name\":\"IMF deposits $1.2B in first installment of Pakistan's bailout deal, alleviating default fears - Wall Street PR\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\"},\"datePublished\":\"2023-07-13T20:56:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMF deposits $1.2B in first installment of Pakistan’s bailout deal, alleviating default fears\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"name\":\"Wall Street PR\",\"description\":\"Latest News From WallStreet\",\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\",\"name\":\"Wall Street PR\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"width\":537,\"height\":70,\"caption\":\"Wall Street PR\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/WallStreetPR\/\",\"https:\/\/x.com\/WallstreetPRs\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"caption\":\"admin\"},\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IMF deposits $1.2B in first installment of Pakistan's bailout deal, alleviating default fears - Wall Street PR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387","og_locale":"en_US","og_type":"article","og_title":"IMF deposits $1.2B in first installment of Pakistan's bailout deal, alleviating default fears - Wall Street PR","og_description":"Pakistan\u2019s finance minister on Thursday said the International Monetary Fund deposited a much-awaited first installment of $1.2 billion with the country\u2019s central bank under a […]","og_url":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387","og_site_name":"Wall Street PR","article_publisher":"https:\/\/www.facebook.com\/WallStreetPR\/","article_published_time":"2023-07-13T20:56:09+00:00","og_image":[{"width":715,"height":423,"url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387#article","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387"},"author":{"name":"admin","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36"},"headline":"IMF deposits $1.2B in first installment of Pakistan’s bailout deal, alleviating default fears","datePublished":"2023-07-13T20:56:09+00:00","mainEntityOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387"},"wordCount":504,"publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"articleSection":["Market News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387","url":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387","name":"IMF deposits $1.2B in first installment of Pakistan's bailout deal, alleviating default fears - Wall Street PR","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website"},"datePublished":"2023-07-13T20:56:09+00:00","breadcrumb":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/imf-deposits-1-2b-in-first-installment-of-pakistans-bailout-deal-alleviating-default-fears-73387#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cablemanpro.com\/wallstreetpr\/"},{"@type":"ListItem","position":2,"name":"IMF deposits $1.2B in first installment of Pakistan’s bailout deal, alleviating default fears"}]},{"@type":"WebSite","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","name":"Wall Street PR","description":"Latest News From WallStreet","publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization","name":"Wall Street PR","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","width":537,"height":70,"caption":"Wall Street PR"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WallStreetPR\/","https:\/\/x.com\/WallstreetPRs"]},{"@type":"Person","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","caption":"admin"},"url":"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/73387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/comments?post=73387"}],"version-history":[{"count":0,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/73387\/revisions"}],"wp:attachment":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media?parent=73387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/categories?post=73387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/tags?post=73387"},{"taxonomy":"stock_ticker","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/stock_ticker?post=73387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}