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Despite global slowdown, Asia's economies show resilience and growth for 2
Updated : 3 years, 4 months ago IST
London [UK], January 25 (ANI/PRNewswire): Asia can defy a global economic slowdown in 2023 through an acceleration in digital transformation, greater regional coordination, and balanced monetary policies, according to new research from the London-based think tank, Asia House.
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Ahead of polls, Pak govt scared of losing popularity due to IMF deal
Updated : 3 years, 4 months ago IST
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.
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International Monetary Fund demands more details on Pakistan's budget
Updated : 3 years, 4 months ago IST
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.
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Pakistan may head towards bankruptcy: report
Updated : 3 years, 4 months ago IST
Pakistan is running out of money and at the same time the country is witnessing a spike in food prices, on a path to bankruptcy.
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Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 4 months ago IST
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
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China plays catch-up with India in Sri Lanka; fails
Updated : 3 years, 4 months ago IST
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
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Pakistan's economic crisis going from bad to worse: Report
Updated : 3 years, 4 months ago IST
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
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Pakistan's virtual talks with IMF likely from next week
Updated : 3 years, 4 months ago IST
Amid a reeling economic crisis and falling foreign exchange reserves, virtual talks between Pakistan and International Monetary Fund (IMF) are likely to commence next week, Geo News reported.
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US Fed's Brainard makes case for further policy tightening to cool inflati
Updated : 3 years, 4 months ago IST
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it was reportedly 7.7 per cent.
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Inflation too high, European Central Bank committed to containing it
Updated : 3 years, 4 months ago IST
European Central Bank President Christine Lagarde said inflation is too high and reiterated the central bank's determination to bring it back to 2 per cent.
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Macroeconomic stability getting bolstered, says RBI monthly bulletin
Updated : 3 years, 4 months ago IST
The article said emerging markets are appearing more resilient than in the year gone by, but their biggest risks in 2023 stem from US monetary policy and the US dollar.
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US Fed chief Jerome Powell tests positive for Covid
Updated : 3 years, 4 months ago IST
US Federal Reserve Chair Jerome Powell tested positive for Covid-19 and is experiencing "mild symptoms".
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