"We are following the programme in earnest at this stage and strongly hope that issues with the IMF would be settled very soon as the prime minister, the Ministry of Finance and the entire government were committed to the IMF programme and its amicable completion," said Minister of State for
Pakistan Finance Minister Ishaq Dar on Wednesday said that the talks with Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan were only possible if the latter "apologise to the nation for the May 9 riots," Pakistan-based ARY News reported
The state minister said: "Pakistan's conduct is in line with the law", terming IMF Mission Chief for Pakistan Nathan Porter's statement regarding the political situation in Pakistan "extraordinary".
The discussion between Shehbaz and Georgieva took place on Saturday after the finance ministry could not break the deadlock over the loan talks during the past four months, The Express Tribune wrote quoting sources. Two days after the highest-level contact was established between Shehbaz
It is impossible to overstate the financial difficulties Pakistani citizens have been facing, and a significant factor heightening the uncertainty is the elusive IMF deal that has been under negotiation since the Shehbaz Sharif-led coalition government took office in April of last year, The
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF bailout is being closely monitored and questioned. Similarly, China, being a major creditor of Sri Lanka, closely observes other countries' actions regarding an IMF bailout
Addressing a community event in Sydney on the second day of his visit to Australia, PM Modi said that IMF considers India a bright spot in the global economy and the World Bank believes that if anyone is challenging global headwinds, it is India
Today the International Monetary Fund considers India a bright spot in the global economy and the World Bank believes that if anyone is challenging global headwinds, it is India, said Prime Minister Narendra Modi in Sydney, Australia, on Tuesday.
The UK economy is expected to avoid a recession and maintain positive growth in 2023, said International Monetary Fund (IMF), attributing it to demand recovery due to declining energy prices.
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
Pakistan is already struggling to find stability in politics and now, the cash-strapped country is seeing a slow pace of inflows as only USD 8.1 billion receipts in 10 months of this fiscal year stood at just 35.5 per cent of the USD 22.8 billion full-year budget target