HOME | BUSINESS | REPORT |
June 30, 1999 |
IMF yet to decide on bailout for PakistanThe International Monetary Fund has not yet taken a decision on the release of the next tranche of $ 100 million of the $ 1.5 billion bailout package to Pakistan which is due for release in July. According to official sources, the IMF's executive board will take a final decision but the date of its meeting has yet not been fixed. Pakistan got the last installment of $ 51 million on May 24. Pakistan to date has drawn $ 153 million. At the time of the release of the last installment, the IMF had complained about Pakistan's ''difficult'' macro-economic situation and said that resolute action was needed to broaden the tax base and further strengthen tax enforcement. The authorities also need to accelerate structural reforms to build a solid foundation for high economic growth in the medium-term. UNI
|
Tell us what you think of this report | |
HOME |
NEWS |
BUSINESS |
SPORTS |
MOVIES |
CHAT |
INFOTECH |
TRAVEL |
SINGLES BOOK SHOP | MUSIC SHOP | GIFT SHOP | HOTEL RESERVATIONS | WORLD CUP 99 EDUCATION | PERSONAL HOMEPAGES | FREE EMAIL | FEEDBACK |