Islamabad [Pakistan], September 18 (ANI): The present expenditures of the Pakistan government had gone up to nearly PKR 1.1 trillion, indicating that the funds had turned irrelevant, local media reported.
Islamabad [Pakistan], September 18 (ANI): The International Monetary Fund (IMF) on Sunday said that it will work with the international community to support flood relief and reconstruction efforts in Pakistan following the devastating floods.
New Delhi [India], September 18 (ANI): All is not well in global financial markets. Market participants are not aggressively participating and are largely shying away from making large bets, especially on concerns of aggressive global monetary policy tightening by various central banks to
Lusaka [Zambia], September 18 (ANI): Zambia which is known as a country under "debt distress" from China has finally received a USD 1.3 billion financial loan from the International Monetary Fund, media reports said.
New Delhi [India], September 17 (ANI): The Reserve Bank of India's Monetary Policy Committee (MPC) will take responsible steps to keep inflation in a reasonable range, said Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister.
Washington [US], September 16 (ANI): As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would do them lasti
New Delhi [India], September 16 (ANI): Indian stocks started Friday's trade in the red, extending losses for the third straight session, on concerns of aggressive global monetary policy tightening by various central banks to avert recessionary fears.
New Delhi [India], September 15 (ANI): The European gas crisis, high inflation and the pace of global monetary policy tightening are taking a heavy toll on economic prospects, rating agency Fitch Ratings' September 2022 Global Economic Outlook (GEO) said. European wholesale gas and electrici
Islamabad [Pakistan], September 14 (ANI): Despite support from Saudi Arabia and International Monetary Funds (IMF), Pakistan is on the verge of economic collapse with a lack of funds.
New Delhi [India], September 13 (ANI): Faced with elevated retail inflation in August, the Reserve Bank of India is expected to raise interest rates in the range of 35-50 basis points in its next monetary policy committee meeting, said SBI Research.
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
Colombo [Sri Lanka], September 13 (ANI): A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation to be responsible for future borrowings while agreeing to participate in the re-structuring of Sri Lanka's debt.