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Pakistan rupee faces significant depreciation ahead of IMF negotiations
Updated : 2 years, 4 months ago IST
As the IMF's $3 billion stand-by arrangement initiated its first review on Thursday, the Pakistani rupee experienced a declining trend against the US dollar, casting uncertainty on future prospects, Dawn reported on Thursday.
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Pakistan: Amid slump in economy, petroleum division notifies huge hike in
Updated : 2 years, 4 months ago IST
A significant increase in petrol prices has been announced by the federal government, which will go into effect from November 1.
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IMF projects slow global growth amid ongoing challenges
Updated : 2 years, 4 months ago IST
According to the IMF report, this forecast, disclosed in the latest World Economic Outlook, reflects one of the lowest growth rates in decades. The global economy continues to grapple with multiple shocks and the rising cost of living.
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Pak govt to ratify gas price ahead of IMF review
Updated : 2 years, 5 months ago IST
This development has prompted a special meeting of the Economic Coordination Committee (ECC) to convene, where discussions will revolve around a remarkable 3,900 per cent surge in fixed monthly charges and a substantial 194 per cent hike in consumer rates for natural gas.
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Pakistan puts 'blind trust' in China as Belt and Road Initiative enters ne
Updated : 2 years, 5 months ago IST
Pakistan has put 'blind trust' in China as the Belt and Road Initiative enters a new phase, according to Nikkei Asia.
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Nancy Onyango Director of the office of internal audit and inspection at I
Updated : 2 years, 5 months ago IST
Georgieva expressed her appreciation for Nancy Onyango's dedication and contributions during her six-year tenure, emphasizing the importance of Onyango's role in ensuring transparency and accountability within the Fund.
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Poverty surges across Pakistan with spike in food, energy prices: World Ba
Updated : 2 years, 5 months ago IST
According to the Macro Poverty Outlook, which was prepared for the recent annual meetings of the World Bank and IMF in Marrakesh, Morocco, prolonged and high inflation in food and energy prices, combined with a lack of substantial economic growth, could lead to social upheaval and negatively
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IMF proposes Pakistan to adopt austerity in new development projects
Updated : 2 years, 5 months ago IST
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
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UAE allocates US$200 million to boost growth in low-income countries and r
Updated : 2 years, 5 months ago IST
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, announced the UAE's initiative during the International Monetary and Financial Committee (IMFC) Meeting
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Bangladesh's economy on right track, inflation under control: IMF
Updated : 2 years, 5 months ago IST
"I think the economy is on the right track in terms of meeting the objective of the program, getting inflation under control and addressing macroeconomic challenges given the difficult global environment," IMF Director for the Asia and Pacific Department (APD) Krishna Srinivasan said on Frid
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India's macroeconomy sound, fiscally disciplined: IMF
Updated : 2 years, 5 months ago IST
The overall macroeconomic environment in India is "pretty sound", it is fiscally disciplined and the central bank moved fast to bring inflation under control, said the International Monetary Fund (IMF).
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G20 adopts roadmap proposed in IMF-FSB paper on crypto assets
Updated : 2 years, 5 months ago IST
Finance Ministers and Central Bank Governors (FMCBGs) of G20 nations under India's Presidency have adopted the roadmap for crypto regulation as was proposed by the International Monetary Fund (IMF) and Financial Stability Board (FSB) before the New Delhi Summit in September.
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