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During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
Pakistan Sovereign Wealth Fund (PSWF) is the sovereign wealth fund of Pakistan that was established by the Pakistani government through the Pakistan Sovereign Wealth Fund Act 2023. The fund manages the assets of profitable state-owned enterprises like Oil and Gas Development Company Limited ( OGDCL ), Pakistan Petroleum Limited ( PPL ), and the ...
In 2020 the International Monetary Fund suspended its program with Pakistan after Khan refused to "increase electricity tariff and impose additional taxes". [80] Investor Yousaf Nazar on the current account deficit said it "surged again in the second half of the year, reaching $9.2 billion in the first six months of FY2021-22.
Pakistan, [e] officially the Islamic Republic of Pakistan, [f] is a country in South Asia. It is the fifth-most populous country, with a population of over 241.5 million, [g] having the second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is its largest city and financial centre.
Pakistan owes US$7.541 billion to Paris Club, US$38.813 billion to multilateral donors, US$7.596 billion to International Monetary Fund, and US$7.8 billion to international bonds such as Eurobonds, and Sukuks. [14] According to a report by AidData, Pakistan's total external debt owed to China amounted to $68.91 billion as of November 2023. [13]
IMF International Monetary Fund: Specialised agency of the UN: Washington, D.C. 1944: IBRD International Bank for Reconstruction and Development: World Bank Group, Specialised agency of the UN: Washington, D.C. 1956: IFC International Finance Corporation: World Bank Group: Washington, D.C. 1960: IDA International Development Association: World ...