Islamabad [Pakistan], May 15 (ANI): Pakistan's oil and eatable import bill surged by 58.98 per cent to USD 24.77 billion in the months of July and April even the country battles a fast declining economy, owing to an increase in international prices and a massive depreciation of the rupee.
Islamabad [Pakistan], May 15 (ANI): Pakistan Prime Minister Shehbaz Sharif-led government is likely to gradually abolish subsidies on petrol and with this, there will be an increase in the prices of petroleum products for the next fortnight.
Islamabad [Pakistan], May 14 (ANI): Amidst a devastating power crunch in Pakistan, the Pakistan government has decided to gradually revive the stalled International Monetary Fund(IMF) programme by raising the electricity tariffs along with hiking the petrol prices.
Mumbai (Maharashtra) [India], May 13 (ANI): The Reserve Bank of India (RBI) on Friday said it has appointed Rajiv Ranjan and Sitikantha Pattanaik as executive directors with effect from May 1, 2022.
Colombo [Sri Lanka], May 13 (ANI): Assuring the countrymen of uplifting the country's economy, newly-appointed Sri Lanka's Prime Minister Ranil Wickremesinghe on Thursday exuded confidence of International Monetary Fund (IMF) helping the Island nation during its worst economic crisis.
Karachi [Pakistan], May 13 (ANI): Trade deficits and increasing current account coupled with dried up dollar inflows, and external debt payments have resulted in an alarming dip in Pakistan's foreign exchange reserves, plunging to a record low since December 2019.
Islamabad [Pakistan], May 12 (ANI): Ahead of the delay in the revival of the International Monetary Fund (IMF) programme and falling foreign currency reserves, the Pakistani rupee hit an all-time low against the US Dollar, crippling the country's economy further.
Islamabad [Pakistan], May 9 (ANI): The talks between Pakistan and the International Monetary Fund (IMF) are expected to begin next week in Doha, local media reported on Monday.
Islamabad [Pakistan], May 8 (ANI): International Monetary Fund's special delegation is all set to arrive in Pakistan to discuss the budget recommendations alongside subsidies on petroleum, electricity and gas with the federal government.
Islamabad [Pakistan], May 8 (ANI): Former Finance Minister and senior Pakistan Muslim League (PML-N) leader Ishaq Dar on Saturday advised the new government of Pakistan to renegotiate International Monetary Fund (IMF) bailout package.
Mumbai (Maharashtra) [India], May 7 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday said the recent decision of the Reserve Bank of India (RBI) to hike key policy interest rates is a part of the synchronised event by the central banks globally.
Colombo [Sri Lanka], May 7 (ANI/Xinhua): The International Monetary Fund would begin the next round of technical discussions with Sri Lanka from May 9 to May 23, IMF' mission chief for Sri Lanka Masahiro Nozaki has said.