Results for: Economic Stability

Bangladesh is facing an unprecedented banking crisis marked by a surge in default loans. Systemic issues within the banking sector, including flawed regulations and defaulter-friendly policies, have contributed to the crisis. The economic pressure of a severe dollar shortage has exacerbated the situation, further straining businesses and leading to loan defaults. The growing provision shortfall highlights the banking sector’s vulnerability and potential for future economic shocks. Urgent reforms are needed to address the root causes of the crisis, enhance accountability for defaulters, and strengthen the resilience of the banking sector.

The International Monetary Fund (IMF) has granted a $1.1 billion loan tranche to Pakistan, marking the conclusion of the second bailout package. This third and final installment completes a $3 billion standby arrangement aimed at preventing a sovereign default. Pakistan is expected to receive the loan disbursement soon, possibly as early as tomorrow. The country has already received two tranches totaling $1.9 billion. Pakistan is also seeking a new, larger IMF loan over a longer duration of at least three years to support economic stability and implement structural reforms.

Chief of Army Staff (COAS) General Syed Asim Munir has called upon the nation to reject negative forces and focus on Pakistan’s journey towards development and stability. Speaking at the Green Pakistan Initiative conference, he emphasized the need to overcome economic challenges for true independence. The army, he vowed, is firmly behind the government in its efforts to bring economic recovery to the country.