Search For "imf"
Fault lines of Pakistan's economy exposed, it borrows to fund govt expendi
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 20 (ANI): Amid a growth rate of 4 to 5 per cent, Pakistan continues to borrow to fund the annual rise in government expenditure which is the real fault line of the country's economy.
Read More
IMF executive board to consider financial arrangement with Ukraine on Mond
Updated : 4 years, 4 months ago IST
Washington [US], November 18 (ANI/Sputnik): The International Monetary Fund (IMF) will consider the first review of its financial arrangement with Ukraine on November 22, IMF spokesperson Gerry Rice told reporters on Thursday.
Read More
IMF expects supply-demand imbalances to wane in 2022, easing inflation
Updated : 4 years, 4 months ago IST
Washington [US], November 18 (ANI/Sputnik): The International Monetary Fund (IMF) expects supply-demand imbalances will even out in 2022, allowing for inflation to ease, spokesman Gerry Rice told reporters on Thursday.
Read More
China urges IMF, WB to resume cooperation with Afghanistan
Updated : 4 years, 4 months ago IST
Kabul [Afghanistan], November 18 (ANI): Pakistan and China are making efforts at multiple levels for the Taliban government to have a soft landing. In continuation with it, China urged the International Monetary Fund (IMF) and the World Bank (WB) to resume cooperation with Afghanistan.
Read More
Pakistan's tax chief expresses inability to bring 4 million people under t
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 18 (ANI): Pakistan's tax chief Dr Mohammad Ashfaq, who took reins of the Federal Board of Revenue (FBR) over three months ago, showed his inability to bring over 4 million willful law violators to the tax net due to the revenue authority's lack of capacity.
Read More
IMF demands five major prior actions to resume loan facility: Pakistan fin
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 17 (ANI): Pakistani Finance Adviser Shaukat Tarin has said that IMF gave Pakistan a list of five major prior actions for the resumption of its six billion dollars Extended Fund Facility (EFF), local media reported.
Read More
State Bank of Pakistan raises Cash Reserve Requirement of banks by 1 pc to
Updated : 4 years, 4 months ago IST
Karachi [Pakistan], November 14 (ANI): The State Bank of Pakistan (SBP) on Saturday raised Cash Reserve Requirement (CRR) by one percentage point for scheduled banks for the first time in 13 years in a bid to curb rising inflation in the country.
Read More
Pakistan's IMF programme stirs controversy as government violates due legi
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 13 (ANI): The due legislation procedure was bypassed in haste for the State Bank of Pakistan (SBP) Amendment Bill that has landed the International Monetary Fund programme in Pakistan into deeper controversy, reported The News International.
Read More
Pak authorities remain in denial despite country's worsening economic situ
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 12 (ANI): Despite the worsening state of the economy in the country, and rising unemployment, Pakistani authorities remain in denial mode and Prime Minister Imran Khan keeps telling people in his every other address, not to be "disheartened".
Read More
Inflation in Pakistan rises to 9 pc with decreasing per capita income
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 7 (ANI): The inflation in Pakistan has risen to 9 per cent with per capita income decreasing to USD 1,260 in 2021, posing a major challenge for the Pakistan Tehreek-e-Insaf (PTI) government, amid protests by the opposition, reported local media.
Read More
IMF has asked Pakistan to further hike levy on petroleum products, says Im
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], November 7 (ANI): Pakistan government is likely to increase the levy on petroleum products in the near future after it recently increased petrol prices amid continued protests by the Opposition, reported local media.
Read More
Kenya gets 264 mln USD from IMF to boost economic recovery
Updated : 4 years, 4 months ago IST
Nairobi [Kenya], November 6 (ANI/Xinhua): Kenya has received the green light to access 29.4 billion shillings (264 million U.S. dollars) from the International Monetary Fund (IMF) following the conclusion of a second review of the institution's extended fund facility and extended credit faci
Read More