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Economic Survey: India's 2023-24 GDP growth in real terms projected at 6.5
Updated : 3 years, 1 month ago IST
The Economic Survey document said the growth projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, the Asian Development Bank and the Reserve Bank of India.
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9th review of Pakistan for USD 7 billion Extended Fund Facility kicks off
Updated : 3 years, 1 month ago IST
The discussion will revolve around Pakistan's plan for taking additional taxation measures to fetch over Rs 200 billion through a presidential ordinance, rationalizing expenditure, and hiking both electricity and gas tariffs for erasing the monster of the circular debt.
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India to remain fastest-growing large economy in 2023 and 2024: IMF
Updated : 3 years, 1 month ago IST
The IMF in its note said: "Growth in India is set to decline from 6.8 per cent in 2022 to 6.1 per cent in 2023 before picking up to 6.8 per cent in 2024, with resilient domestic demand despite external headwinds."
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IMF projects Indian economy to grow 6.1 pc in 2023; global growth to dip t
Updated : 3 years, 1 month ago IST
According to the update, IMF said growth in India is set to decline from 6.8 per cent in 2022 to 6.1 per cent in 2023 before picking up to 6.8 per cent in 2024, with resilient domestic demand despite external headwinds.
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IMF team arrives Pakistan to discuss ninth review
Updated : 3 years, 1 month ago IST
According to a Pakistani television broadcast citing the sources, Pakistan and the IMF, who arrived today, will hold technical talks for the first four days, wherein economic data from different departments will be reviewed.
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US Representatives introduce Bill promoting Taiwan's IMF membership
Updated : 3 years, 1 month ago IST
The United States House of Representatives introduced a Bill calling on Washington to support Taiwan's participation in the International Monetary Fund (IMF) as a member, Focus Taiwan reported.
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Pakistan to impose new taxes worth Rs 200 bn to comply with IMF conditions
Updated : 3 years, 1 month ago IST
The two draft ordinances prepared for Rs 100 billion each in taxes and flood levies. Pakistan is also considering discontinuing power subsidies, imposing sales tax on raw materials for exports, as well as, hikes in power, and gas tariffs are also on the agenda.
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Pakistan need to fix responsibility for its depleting forex reserves: Repo
Updated : 3 years, 1 month ago IST
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
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China's debt moratorium offer to Sri Lanka not sufficient for IMF to appro
Updated : 3 years, 1 month ago IST
The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.
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2023 brought more miseries to Pakistan's economy, analysts warn of bankrup
Updated : 3 years, 1 month ago IST
Businesses in Pakistan are at risk of closure due to a breakdown of supply chains as domestically manufactured goods rely on imported raw materials. The textile industry in Pakistan is also in a critical position as it is losing credibility and market share among international buyers.
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Pakistani rupee sees highest 1-day fall in 20 years
Updated : 3 years, 1 month ago IST
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand of the IMF as part of a programme of economic reforms it has agreed on with the debt-laden South Asian nation.
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IMF delegation to visit Pakistan next week for talks on 9th review: offici
Updated : 3 years, 1 month ago IST
According to the statement released by the IMF, the international fund organization Resident Representative for Pakistan Esther Perez Ruiz said: "At the request of the authorities, an in-person Fund mission is scheduled to visit Islamabad [from] January 31 - February 9 to continue the dis
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