Remittances in Pakistan decreased by 22 per cent in the first two months of the fiscal year, as expatriate workers chose unauthorised methods to send money home amid the widening gulf between official and unofficial currency rates, The News International reported.
"We support deep reforms of global governance, Security Council but as well the World Bank and the IMF, they have to reflect today's realities in terms of demography and economy as well. And then we want to increase the available tools. That's why we want to replenish the World Bank and F
Two days ahead of the G20 Summit meeting in New Delhi, the IMF and the FSB had come up with a paper on crypto, which stated a comprehensive policy and regulatory response for crypto-assets is necessary to address the risks of crypto-assets to macroeconomic and financial stability.
From Japanese PM Fumio Kishida's wife Yuko Kishida to IMF chief Kristalina Georgieva, several top foreign dignitaries donned traditional Indian ensembles at the G-20 Dinner hosted by President Droupadi Murmu on Saturday night.
The global push for clear policies on crypto assets has gained momentum under the Indian G20 Presidency and global consensus is emerging on the same, Finance Minister Sitharaman said on Saturday and noted that G20 members will take a call on how they want to move forward on the issue
The other delegation heads who were received by Prime Minister Modi include the Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus, Secretary-General of the United Nations, António Guterres, Secretary-General of the OECD, Mathias Cormann, President of the
Kristalina Georgieva, the Managing Director and Chairman of the International Monetary Fund (IMF) arrived in the national capital on Thursday to attend the G20 Summit to be held on September 9-10.
Crypto common framework may emerge as one of the major achievements of India's presidency of G20, which has been agreed by the participating nation, according to official sources.
As Pakistan continue to face economic challenges, the International Monetary Fund has made it tougher for the country to manage by rejecting the proposal for any tariff adjustment or provision of additional subsidy, Geo News reported.