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China scuttles Pakistan's Neelum Jhelum Project over delayed payments
Updated : 3 years, 1 month ago IST
The issues facing the NJHP project indicate a deeper problem in Pak-China cooperation in the power sector. Pakistan owes around PKR300 billion to the Chinese independent power producers (IPPs) and the liability has become a sore point in the bilateral relations.
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IMF giving tough time to Pakistan, says PM Shehbaz Sharif
Updated : 3 years, 1 month ago IST
"As we speak, an IMF delegation is in Islamabad and giving a very tough time to the finance minister and his team. I will not go into detail about this further but our economic challenges are unimaginable. The IMF conditions which we have to fulfill are beyond imagination but we have to do i
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Kerala Budget: Rs 2,000 Crore To Tackle Price Rise; Petrol, Diesel prices
Updated : 3 years, 1 month ago IST
The Finance Minister of Kerala KN Balagopal will lay the Budget 2023 on the table from 9 AM in the Kerala legislative assembly on Friday. Finance Minister Balagopal presented the pre-budget economic survey for FY 2021-2022 in the assembly on Thursday.
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Pakistan: Amid daunting challenges, PM Shehbaz invites Imran to All-Party
Updated : 3 years, 1 month ago IST
Amid a severe threat of terrorism and distressing economic and political situations, with no signs of respite soon, Pakistan Prime Minister Shehbaz Sharif has invited Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan to an all-party conference (APC) set to take place in Islamabad on Februar
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IMF's rejection of Pak's revised debt management plan symptomatic of situa
Updated : 3 years, 1 month ago IST
"In a way, the extended finance facility of seven billion dollars that Pakistan seeks from IMF is no different from our own UDAY 1, UDAY 2 schemes but the context is quite different," the former diplomat told ANI.
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'US must show some sincerity, actually do something to help Sri Lanka': Ch
Updated : 3 years, 1 month ago IST
After US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka said that the terms extended by China to Colombo for IMF debt relief are not enough, the Chinese Foreign Ministry has now retaliated saying that rather than commenting upon Beijing's ties wi
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Pakistan's economic growth will contract by 0.3 pc in fiscal year 2023: Re
Updated : 3 years, 1 month ago IST
Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
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Pak Rupee loses ground against dollar in interbank market
Updated : 3 years, 1 month ago IST
During intraday trade, the rupee depreciated by Rs 1.17 and was trading at Rs 270. The rupee had closed at Rs 268.83 on Wednesday.
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IMF rejects Pakistan's circular debt management plan, calls for increase i
Updated : 3 years, 1 month ago IST
The IMF has called the revised CDMP "unrealistic", which is made on the basis of certain wrong assumptions.
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IMF projects slowdown in Pakistan's GDP from 3.5pc to 2pc
Updated : 3 years, 1 month ago IST
According to the Pakistan daily, the IMF had also projected that the GDP growth rate would rebound in the next fiscal 2023-24 up to 4.4 per cent.
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Pak govt may withdraw energy subsidies, reduce security costs to secure IM
Updated : 3 years, 1 month ago IST
Senior government officials said that IMF mission chief for Pakistan Nathan Porter has reached in Islamabad to hold technical discussion with authorities.
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Pakistan accepts IMF loan conditions, but would it be able to honour them?
Updated : 3 years, 1 month ago IST
The coming financial year may not bring hope for Pakistan as most economic sectors are on the decline. The country's imports are hit because of extremely low forex reserves. Pakistan has also agreed to meet all conditions of the International Monetary Fund (IMF) despite having a history of n
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