A report by the Pakistan Federal Ministry of Economic Affairs disclosed that the previous government led by the Pakistan Peoples Party has borrowed the maximum from International Monetary Fund (IMF), with a loan of over USD 7.72, The Express Tribune reported.
KV Subramanian, Executive Director of the International Monetary Fund (IMF) and former Chief Economic Advisor of India, said on Thursday that India could become a USD 55 trillion economy by 2047 if it maintains an 8 per cent annual growth rate.
Speaking on the Union Budget 2024-25 in Rajya Sabha, Union Finance Minister Nirmala Sitharaman said on Wednesday that this set of five years is very critical in taking the first step towards building a Viksit Bharat (developed India) by 2047.
He warned that delay in addressing the demands of JI, including the elimination of contracts with independent power producers (IPPs), will cost the rulers dearly, potentially sparking a larger crisis.
Pakistan's right-wing party Jamaat-i-Islami (JI) Emir Hafiz Naeemur Rehman issued a stern warning to the government on Saturday, threatening to expand their ongoing sit-in protest in Rawalpindi to other areas of the country if demands regarding increased electricity bills and taxes are not m
The Pakistan ministers requested an eight-year extension for repaying energy debt, converting US dollar-based interest payments to Chinese currency, and reducing overall interest rates for both CPEC and non-CPEC Chinese-funded projects,
The current fiscal year's tax-laden budget and the Supreme Court's ruling on reserved seats have shifted the focus of politics to the economy, further posing doubts over Pakistan's ability to meet the new International Monetary Fund (IMF) conditions for a USD 7 billion loan, reported Dawn.
Pakistan Muslim League-Nawaz (PML-N) President, Nawaz Sharif criticised the actions of the previous administration on Saturday, stating that the nation "is not being treated well, which was achieving development goals and getting rid of the International Monetary Fund (IMF)," according to Ge
The economically crippled country has relied heavily on IMF programmes for years, at times nearing the brink of sovereign default and having to turn to countries such as the United Arab Emirates (UAE) and Saudi Arabia to provide it with financing to meet external financing targets set by the
The Shehbaz Sharif-led Pakistan government unveiled a three-year economic plan, which aims to increase the share of provinces in the federal budget from 39.4 per cent to 48.7 per cent by 2027.
The International Monetary Fund (IMF), in its latest outlook, has raised India's growth projections for 2024 from 6.8 per cent earlier to 7 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies
Several religious leaders of minority communities and the Indian diaspora in the United States praised Prime Minister Narendra Modi for ensuring the inclusive growth of minorities in India and making them equal partners in the nation's global rise in the past decade.