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IMF team to visit Pakistan in May to discuss subsidies
Updated : 4 years, 1 month ago IST
Washington [US], April 25 (ANI): The International Monetary Fund (IMF) announced that it will be sending a mission to Pakistan next month after a team of the international lender held discussions with Pakistan Finance Minister Miftah Ismail in Washington.
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Rights activist claims Pakistan saddled with economic, political mess left
Updated : 4 years, 1 month ago IST
London [UK], April 24 (ANI): London-based rights activist said that Pakistan's new regime led by Prime Minister Shehbaz Sharif is burdened by the economic and political mess left behind by his predecessor Imran Khan.
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Pakistan FM claims ex-PM Imran Khan pushed economy into 'subsidy' trap
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], April 24 (ANI): Accusing former Pakistan Prime Minister Imran Khan of setting a trap for his successors by announcing heavy subsidies on fuel weeks before his ouster, Finance Minister Miftah Ismail has said that the government will have to withdraw the subsidies to revi
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Pakistan: Shehbaz Sharif battles sinking economy amid deficit spike, Imran
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], April 24 (ANI): While Pakistan's economy is already in shambles, the newly-elected Prime Minister Shehbaz Sharif has a heavy task on hand, battling the sinking economy as the country's current account deficit shot up to USD 1.03 billion in March 2022, and his predece
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IMF says it held 'fruitful' talks with Sri Lanka on loan request
Updated : 4 years, 1 month ago IST
Washington [US], April 24 (ANI): The International Monetary Fund (IMF) on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.
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Inflation worries dominated RBI's April 6-8 Monetary Policy Committee meet
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], April 22 (ANI): Challenges posed due to persistently high inflation dominated the Reserve Bank of India's Monetary Policy Committee meeting held during April 6-8, as per the minutes of the meeting released by the RBI on Friday.
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RBI imposes monetary penalty on Central Bank of India
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], April 22 (ANI): The Reserve Bank of India (RBI) on Friday said it has imposed a monetary penalty of Rs 36 lakh on the Central Bank of India for non-compliance with certain regulatory directions.
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Amid demand to reverse Imran Khan's relief package, Pak FM reaches US to h
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], April 22 (ANI): With Pakistan's economy in the doldrums and amid demands from the International Monetary Fund (IMF) to reverse Former Prime Minister Imran Khan's relief package, Finance Minister Miftah Ismail on Friday reached Washington for talks with the financial ins
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Pakistan's gross debt to be 71.3 pc of GDP in 2022: IMF projection
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], April 22 (ANI): The Pakistan government's gross debt will decline from 74 pc of Gross Domestic Product (GDP) in 2021 to an estimated 71.3 pc of GDP in 2022, according to International Monetary Fund (IMF) projections.
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IMF wants Pakistan to reverse Imran Khan's relief package
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], April 21 (ANI): Pakistan Finance Minister Miftah Ismail on Wednesday said that the International Monetary Fund (IMF) wants the country to revoke the subsidies extended by the Imran Khan government by increasing fuel prices and power tariffs, to revive its Extended Fund
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Punjab CM announces Rs 1 crore relief to kin of policemen killed in line o
Updated : 4 years, 1 month ago IST
Chandigarh (Punjab) [India], April 20 (ANI): In a crucial decision, Punjab Chief Minister Bhagwant Mann on Wednesday announced a new monetary aid of Rs 1 crore to the families of policemen killed in line of duty.
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End of Ukraine conflict would have most positive effect on global recovery
Updated : 4 years, 1 month ago IST
Washington [US], April 20 (ANI/Sputnik): An end to the conflict in Ukraine would become the most positive development for the recovery of the global economy at present, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday.
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