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Soaring oil prices may worsen 'corporate vulnerabilities' in Pakistan
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 1 (ANI): The International Monetary Fund (IMF) has warned that the soaring oil prices in the global market amid the ongoing Ukraine-Russia war may worsen "corporate vulnerabilities" in Pakistan, reported local media.
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Investors leave China amid slumping economy, stern COVID policies
Updated : 3 years, 11 months ago IST
Beijing [China], April 27 (ANI): China's economic slowdown and country's high handed in tackling COVID-19 are pushing the investors to move out of the country and shut down their businesses.
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IMF projects lower growth in Central Asia, uneven recovery in Middle East
Updated : 3 years, 11 months ago IST
Washington [US], April 27 (ANI/Sputnik): The Caucasus and Central Asia region (CCA) is projected to experience lower economic growth in 2022 compared to last year, while the recovery in the Middle East and North Africa (MENA) region is expected to remain uneven, the International Monetary Fu
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Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid the ongoing economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa on Tuesday said he will not step down from his post.
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Islamabad craves 'dollar injection' against dipping foreign currency reser
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 26 (ANI): As Pakistan's foreign currency continues to witness a drop-down, the crisis-hit country requires dollar inflows of USD 9 to USD 12 billion in the shape of rollovers and fresh loans from bilateral donors and commercial banks to get a breathing space.
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Sri Lanka minister says country in talks with China for debt refinancing
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 26 (ANI): After talks with International Monetary Fund (IMF) amid the ongoing economic crisis in the country, Sri Lanka's Mass Media Minister Nalaka Godahewa on Tuesday said that the country is in talks with China as well for refinancing its debt.
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IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
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IMF team to visit Pakistan in May to discuss subsidies
Updated : 3 years, 11 months ago IST
Washington [US], April 25 (ANI): The International Monetary Fund (IMF) announced that it will be sending a mission to Pakistan next month after a team of the international lender held discussions with Pakistan Finance Minister Miftah Ismail in Washington.
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Sri Lanka to appoint advisors on debt restructuring in next 20 days
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 24 (ANI/Xinhua): Sri Lanka will appoint advisors to help with its debt restructuring in the next 20 days, Finance Minister Ali Sabry has said.
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Pakistan FM claims ex-PM Imran Khan pushed economy into 'subsidy' trap
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 24 (ANI): Accusing former Pakistan Prime Minister Imran Khan of setting a trap for his successors by announcing heavy subsidies on fuel weeks before his ouster, Finance Minister Miftah Ismail has said that the government will have to withdraw the subsidies to revi
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Pakistan: Shehbaz Sharif battles sinking economy amid deficit spike, Imran
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 24 (ANI): While Pakistan's economy is already in shambles, the newly-elected Prime Minister Shehbaz Sharif has a heavy task on hand, battling the sinking economy as the country's current account deficit shot up to USD 1.03 billion in March 2022, and his predece
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IMF says it held 'fruitful' talks with Sri Lanka on loan request
Updated : 3 years, 11 months ago IST
Washington [US], April 24 (ANI): The International Monetary Fund (IMF) on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.
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