Search For "monet"
Toxic acids from China-funded Norochcholai Coal Power Plant could affect M
Updated : 3 years, 2 months ago IST
The development comes as China is making a comeback in Sri Lanka as Beijing first gave its consent on conditionalities for the International Monetary Fund to lend money to the island nation. Reports have emerged that indicate that China's Sinopec has committed to invest in Sri Lanka's Hamban
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International Monetary Fund deal is on track, says Pakistan Finance Minist
Updated : 3 years, 2 months ago IST
"We are now only awaiting the confirmation of a USD 1bn commitment from one friendly country. After that, all their requirements to conclude the staff-level agreement will be complete. Following that, it takes two more weeks to take the matter into the board meeting," he assured his people.
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There's a real danger that Pakistan could default on debt: US think tank
Updated : 3 years, 2 months ago IST
The cash-strapped nation is reeling with the repercussions of a deepening political crisis, which initially began in April last year when former prime minister Imran Khan was ousted through a vote of a no-confidence motion, and the derailment of the USD 6.5 billion International Monetary Fun
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Pakistan Finance Minister Ishaq Dar cancels trip to US amid 'domestic stat
Updated : 3 years, 2 months ago IST
Pakistan's Minister for Finance and Revenue Ishaq Dar has cancelled his visit to the United States despite Islamabad making efforts to pursue the International Monetary Fund (IMF) to release a loan tranche, The Express Tribune reported.
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Pakistan's politicians are failing their most vulnerable people
Updated : 3 years, 2 months ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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IMF chief says India, China to account for half of global growth in 2023
Updated : 3 years, 2 months ago IST
The International Monetary Fund (IMF) has said the global economy is estimated to grow less than 3 per cent in 2023, with India and China expected to account for half of global growth during the year.
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World Bank reduces Pakistan's growth forecast to 0.4 per cent
Updated : 3 years, 2 months ago IST
Increasing interest rates and uncertainty in financial markets have further enhanced pressure on Pakistan's economy, with future economic prospects heavily reliant on structural reform.
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Here's how experts reacted to RBI keeping repo rate unchanged after 250 bp
Updated : 3 years, 2 months ago IST
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent, to assess the effects of the policy rate tightening done so far.
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 3 years, 2 months ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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Pakistan raises benchmark interest rate to 21 pc
Updated : 3 years, 2 months ago IST
On Wednesday, the State Bank of Pakistan's Monetary Policy Committee increased the benchmark interest rate by 100 basis points, to 21 per cent.
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RBI surprise helps key equity indices extend gains for fifth day
Updated : 3 years, 2 months ago IST
BSE Sensex went up 143 points to settle at 59,832.97 while NSE Nifty surged 42 points to end at 17,599.15 on Thursday.
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RBI applies brake on repo rate hike; here's what analysts have to say
Updated : 3 years, 2 months ago IST
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent.
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