Senior government officials said that IMF mission chief for Pakistan Nathan Porter has reached in Islamabad to hold technical discussion with authorities.
The coming financial year may not bring hope for Pakistan as most economic sectors are on the decline. The country's imports are hit because of extremely low forex reserves. Pakistan has also agreed to meet all conditions of the International Monetary Fund (IMF) despite having a history of n
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."
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.
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.
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.
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.
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
Pakistan is currently under the grip of a massive economic crisis, as a result of which the deal with the International Monetary Fund (IMF) becomes very important for the South Asian nation, according to Dawn.
A government official said that the remaining loan repayment requirements and external financing of managing the current account deficit to the tune of USD 8 to USD 10 billion cannot be raised of the stalled IMF programme.
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe