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Pakistan's default risk increases sharply amid uncertainty about talks wit
Updated : 3 years, 4 months ago IST
The credit-default swaps increased and reached 75.5 per cent on Wednesday from 56.2 per cent, Dawn cited data circulated by research firm Arif Habib limited.
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China's reluctance to accept proposed debt restructuring may deprive Sri L
Updated : 3 years, 4 months ago IST
Dr Saravanamuttu said that the IMF expected each creditor to be treated equally which China is unwilling to accept.
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Global economic growth outlook "gloomier", says IMF ahead of G20 summit
Updated : 3 years, 4 months ago IST
In a report titled 'G20 report on Strong, Sustainable, Balanced, and Inclusive Growth', IMF said continued fiscal and monetary tightening is likely needed in many countries to bring down inflation and address debt vulnerabilities and it expects further policy tightening in many G20 economies
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Pakistan's economic condition worsens as default on borrowing spikes
Updated : 3 years, 4 months ago IST
Fast deteriorating CDS is signalling the foreign investors that Islamabad is precariously near default. Rather than taking SOS measures for economic revival, Islamabad is still pinning its hope on assistance from Saudi Arabia and China which have dried up in the recent past.
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COP27: Getting back to Net Zero; IMF lists 3 key priorities for climate mi
Updated : 3 years, 4 months ago IST
This year's COp27 summit will be even more crucial in the backdrop of several extreme weather events -- typhoons in Bangladesh, unprecedented floods in Pakistan, heatwaves in Europe, wildfires in North America, dry rivers in China, and droughts in Africa.
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Agenda of cryptocurrency regulation will be brought in G20 meeting: Financ
Updated : 3 years, 4 months ago IST
Sitharaman said cryptocurrency may be regulated in all countries because no single country can succeed individually being in a silo and trying to regulate the crypto assets.
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Pakistan's risk of default spikes to 13-year high of 52.8 per cent
Updated : 3 years, 4 months ago IST
Following the global rating agencies Moody's and Fitch downgrading Pakistan's credit rating in recent weeks, Islamabad's risk of default spiked to a 13-year high of 52.8 per cent.
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As economic situation looks gloomy in Pakistan, IMF advises strict measure
Updated : 3 years, 5 months ago IST
The International Monetary Fund has called on Pakistan to impose additional taxes worth PKR 600 billion
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Credit agency Fitch downgrades Pakistan to CCC+ from B-
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 21 (ANI): Fitch Ratings on Friday downgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC+' from 'B-' amid country's political volatility and deteriorating economy.
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Pak FM Dar urges IMF to modify its policy support amid catastrophic floods
Updated : 3 years, 5 months ago IST
Washington [US], October 17 (ANI): Pakistan Finance Minister Ishaq Dar on Sunday urged the International Monetary Fund (IMF) and multilateral donors to modify its policy support amid catastrophic floods.
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Indian economy to grow at 7 per cent in 2022-23 despite global headwinds:
Updated : 3 years, 5 months ago IST
Washington (US) [India], October 15 (ANI): The Indian economy is projected to grow at 7 per cent in the current financial year despite global headwinds, Union Finance Minister Nirmala Sitharaman has said.
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Avoid unidimensional view of Indian subsidies: FM Sitharaman to World Bank
Updated : 3 years, 5 months ago IST
Washington [US], October 15 (ANI): Union Finance Minister Nirmala Sitharaman has said that despite this year's projected growth rate of 7 per cent for the Indian economy, India remains concerned about the global economic outlook and geopolitical environment.
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