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Pakistan accepts one more IMF condition, agrees to increase interest rate
Updated : 3 years ago IST
Pakistan has accepted another pre-condition of the IMF for the release of USD 1.1 billion in critical funding.
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FM Sitharaman discusses debt restructuring with heads of World Bank, IMF
Updated : 3 years ago IST
Sitharaman co-chaired debt roundtable jointly with IMF MD Kristalina Georgieva and World Bank chief David Malpass. The G20 delegations also had a meeting with tech innovators at IISc.
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IMF chief says world should have more regulation for private cryptocurrenc
Updated : 3 years ago IST
Kristalina Georgieva urged for a strong push for regulation and added, "if regulation fails, if you're slow to do it, then we should not take off the table or banning those assets, because they may create financial stability risk..."
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Panel talks in G20 meeting: India requests IMF for discussion paper on cry
Updated : 3 years ago IST
Given the concerns over greater interconnectedness between crypto assets and the traditional financial sector as well as the complexity and volatility around crypto assets, policymakers are calling for tighter regulation.
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Pakistan PM asks ministers, advisers to let go of salaries, benefits as pa
Updated : 3 years ago IST
According to Dawn, the belt-tightening comes as the government is trying to resume a stalled loan programme of the International Monetary Fund (IMF) to secure funds worth USD 1 billion. The premier said an agreement with the Fund was in its final stages.
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Cash-strapped Pakistan receives funds worth USD 700 million from China Dev
Updated : 3 years ago IST
Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".
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As 'Chequebook Diplomacy' fails, China turns from generous investor to tou
Updated : 3 years ago IST
China is chasing down unpaid debts, complicating Beijing's broader aspirations of extending its influence and forging new relationships through economic deals.
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"We would like to see strong condemnation of the war..", says US Treasury
Updated : 3 years ago IST
During the press conference after her speech at the 2023 G20 Finance Ministers and Central Bank Governors Ministerial in Bengaluru, the secretary said, "It is one of the most significant factors that is reducing growth and causing very negative spillovers in low-income countries. We would
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At a time of heightened uncertainties, India's strong performance remains
Updated : 3 years, 1 month ago IST
The chief said in a blog on Wednesday, "So, it's fitting that Group of Twenty finance ministers and central bank governors will gather in Bengaluru this week."
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IMF asks Pakistan to take steps to be able to function as a country
Updated : 3 years, 1 month ago IST
"My heart goes to the people of Pakistan. They have been devastated by the floods that affected one-third of the population of the country," Georgieva said in an interview with an international broadcaster on Sunday.
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Pakistan's current situation most difficult in last 2 decades: Report
Updated : 3 years, 1 month ago IST
In December, 2022, inflation in the country stood at 24.5 per cent, almost double of 12.3 per cent from the previous year, the report said, adding that the common people were the most affected by the high flour prices amid the country's worst-ever food crisis.
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Medicine supply to only cancer hospital in Balochistan halted
Updated : 3 years, 1 month ago IST
According to the reports, Balochistan's only cancer hospital's medical supply has been stopped due to the financial crisis in Pakistan. the medical supply was under the Balochistan Endowment Fund (BEF).
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