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Sri Lankan President expresses gratitude to IMF for approving Sri Lanka's
Updated : 3 years, 2 months ago IST
"I thank the IMF for approving Sri Lanka's program under the Extended Fund Facility. We are committed to full transparency in our efforts to achieve sustainable levels of debt and our reform agenda. The IMF program is critical to achieving this vision," the Sri Lankan President tweeted on M
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Is Pakistan prepared as IMF swings towards inclusive growth?
Updated : 3 years, 2 months ago IST
Pakistan has had a low labour force participation rate over the past 20 years, and its investment rate has been at 15 per cent of GDP, significantly below the strongest performers in the area, The Express Tribune reported.
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US Centcom chief expresses trust in Pakistan's nuclear agenda amid politic
Updated : 3 years, 2 months ago IST
The US general's statement is a relief ahead of Finance Minister Ishaq Dar's remarks last week in the Senate regarding the International Monetary Fund (IMF) bailout programme.
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RBI imposes monetary penalty on IGH Holdings over non-compliances
Updated : 3 years, 3 months ago IST
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 11.25 lakh on IGH Holdings Private Limited, Mumbai (the company) for some non-compliance with the provisions of RBI Act, among some others.
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Pakistan's economy now depends on Gulf states to bail out crisis
Updated : 3 years, 3 months ago IST
The International Monetary Fund's (IMF) condition that Pakistan secure confirmation from bilateral partners of the Gulf region to bridge the gap of USD 6 billion is simply an attempt to ensure its credibility. Non-materialisation may result in Islamabad sliding into default. The IMF review m
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Indian stocks close week in green; Focus now on US monetary policy next we
Updated : 3 years, 3 months ago IST
Benchmark stock indices in India settled in the green on Friday, tracking positive cues from overseas markets which improved after the recent slump -- following the collapse of Silicon Valley Bank and aftereffects on some other banks.
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Pakistan wait for nod from Gulf states to unlock IMF loan: Report
Updated : 3 years, 3 months ago IST
All eyes are now on the UAE, Qatar, and the Kingdom of Saudi Arabia (KSA) to save Pakistan's struggling economy
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Chinese bank to refinance USD 500 million loan for Pakistan
Updated : 3 years, 3 months ago IST
The Pakistani authorities are running from pillar to post to get 100 per cent confirmation from friendly donor countries and multilateral creditors before moving toward striking a staff-level agreement with the International Monetary Fund (IMF). It was an unwritten condition from the IMF tha
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Chinese investors hesitant to finance new projects in Pakistan amid its di
Updated : 3 years, 3 months ago IST
Beijing is not happy with the strict conditions of the International Monetary Fund (IMF) for the resumption of the USD 6 billion bailout package program, which may exacerbate Pakistan's economic troubles and draw scrutiny to Chinese loans.
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Is Pakistan about to see its worst recession?
Updated : 3 years, 3 months ago IST
Inflation, external concerns, and supply disruption are anticipated to have a significant impact on the economy in the future amid heightened recessionary risks.
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Pakistan PM Shehbaz Sharif says fears of default have "ended" owing to gov
Updated : 3 years, 3 months ago IST
Shehbaz Sharif's statement was contrary to over a dozen economists who believe that Pakistan faces the renewed risk of recession amid a deepening political and economic crisis and a delay in the revival of the International Monetary Fund's (IMF) bailout programme.
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Shriram Finance offers recession proof products to Streamline Finances for
Updated : 3 years, 3 months ago IST
Mumbai (Maharashtra) [India], March 15 (ANI/PRNewswire): According to the IMF, global GDP will decelerate to 2.9 per cent in 2023, down from 3.4 per cent in 2022. The International Monetary Fund (IMF) expects India to grow at a rate of 6.0-6.5 per cent, down from a predicted rate of 7 per ce
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