Search For "international monetary fund"
No other option but to implement IMF program: Shehbaz Sharif
Updated : 3 years, 2 months ago IST
The Prime Minister of Pakistan Shehbaz Sharif calls it a painful reality but said that there is no other option but to implement IMF program
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IMF asks Pakistan to meet demands within three weeks to revive loan progra
Updated : 3 years, 2 months ago IST
To pave the way for a staff-level agreement and release of $1 billion tranche under the Extended Fund Facility (EFF), a timeframe of two to three weeks has been given for implementing "all required actions".
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Economic indicators suggest Pakistan's economic situation would worsen in
Updated : 3 years, 3 months ago IST
Pakistan's economic downfall will continue as the economic indicators point a economic crisis in near future
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Year Ender: Sri Lanka witnesses economic, political crisis and mass protes
Updated : 3 years, 3 months ago IST
People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as they blamed their government for the mismanagement of the country's economy.
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Pakistan seeks increase in budget deficit from IMF
Updated : 3 years, 3 months ago IST
Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
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RBI Deputy Guv Rabi says whatever data on crypto is available is misleadin
Updated : 3 years, 3 months ago IST
"Data is not available. Whatever data is available is misleading. And making regulations in the absence of adequate information carries a high probability of us ending up with the wrong set of prescriptions," T Sankar said at a virtual conference hosted by the International Monetary Fund (IM
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Pakistan's total external debt stocks by 2021 stood at USD 130.43 billion:
Updated : 3 years, 3 months ago IST
In its latest report "International Debt Report 2022, Updated International Debt Statistics," the World Bank said that the total external debt stocks were at USD 130.433 billion by 2021.
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Sri Lanka envoy meets Sitharaman, thanks India's unprecedented emergency a
Updated : 3 years, 3 months ago IST
Sri Lanka High Commissioner to India, Milinda Moragoda on Tuesday met with Union Finance Minister Nirmala Sitharaman and thanked her for the brief emergency assistance India has provided to the island nation throughout its difficult period.
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Pakistan to repay foreign debt, old dues
Updated : 3 years, 3 months ago IST
According to The Express Tribune citing Optimus Capital Management, Pakistan is scheduled to pay the foreign debt and bear debt servicing costs worth USD 26.3 billion over the 12-month period (November to October).
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Pakistan Minister Ishaq Dar rules out taking dictations from IMF on managi
Updated : 3 years, 3 months ago IST
IMF demanded additional information, including details of shelved development projects that have now been taken up again as a top priority of the government, The Express Tribune reported.
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Pakistan faces currency crisis danger, says Nomura
Updated : 3 years, 3 months ago IST
Apart from Pakistan, the Japanese bank said that there were seven countries including Egypt, Romania, Sri Lanka, Turkey, the Czech Republic, and Hungary now at a high risk of currency crises.
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Pakistan's economy in free fall: POREG
Updated : 3 years, 3 months ago IST
Looking at its falling economy, investors had also started losing their confidence in Pakistan's ability to pay back the loans. Neither, the creditors nor the market is impressed.
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