Search For "monetary"
Pakistan to lock deal with IMF tomorrow
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 26 (ANI): Pakistan's Finance Ministry on Sunday said that their deal with International Monetary Funds (IMF) will be sealed by tomorrow as the organization plan to hand over the economic and financial policy for the renewed deal providing economic relief package to
Read More
On IMF demands, Pakistan raises tax rates for salaried class
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 25 (ANI): Owing to the demand of the International Monetary Fund (IMF) withdrawing relief given on June 10, Shehbaz Sharif government on Friday increased the tax rates for the salaried class.
Read More
RBI imposes monetary penalty on Indian Overseas Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.
Read More
Gold trading in narrow range on high inflation, rising interest rates: Rep
Updated : 3 years, 8 months ago IST
New Delhi [India], June 23 (ANI): Gold prices are expected to trade in a narrow range until some clarity arises in the key interest rates and other monetary policy measures in the US, said financial services firm Emkay Wealth Management in a report.
Read More
Pakistan left with no choice but to accept IMF-dictated budget: Minister
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 23 (ANI): Pakistan Federal Minister for Climate Change Sherry Rehman on Wednesday accused the Imran Khan's policies of bringing the country on the verge of bankruptcy and said that they are left with no choice but to accept the budget on the terms of International
Read More
RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
Read More
Sri Lankan PM Wickremesinghe says economy has collapsed, will hold talks w
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], June 22 (ANI): Prime Minister of crisis-ridden Sri Lanka on Wednesday said that he will hold discussions with the International Monetary Fund (IMF) and arrive at an agreement to obtain an additional credit facility.
Read More
Pakistani currency dives to Rs 211 per US dollars, losing over Rs 2 during
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 21 (ANI): Owing to quarter-end payments and delay in the revival of the International Monetary Fund (IMF) programme, the Pakistani rupee on Tuesday breached 211-a-US dollar, losing Rs 2 during intra-day trading.
Read More
Global crude oil prices decline on fears of recession, weak demand outlook
Updated : 3 years, 9 months ago IST
New Delhi [India], June 21 (ANI): International crude oil prices have come off their recent highs and declined on fears of the possibility of a recession in the global economy following aggressive monetary policy tightening by central banks and the likelihood of weak demand outlook for th
Read More
US to help Pakistan revive IMF deal
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 20 (ANI): The United States has agreed to help Pakistan negotiate a deal with the International Monetary Fund (IMF) amidst unprecedented economic instability in the country, reported local media, citing diplomatic sources.
Read More
Bearishness in equity far from over, likely to continue next week
Updated : 3 years, 9 months ago IST
New Delhi [India], June 18 (ANI): After having closed this week on a negative note, Indian domestic equity benchmark indices are likely to trade with a downside bias next week as the aggressive monetary policy stance by the US Fed potentially triggered the fear of a recession.
Read More
Govt left with no choice, says Pak PM Shehbaz Sharif blaming Imran Khan's
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 16 (ANI): Pakistan Prime Minister Shehbaz Sharif on Thursday said that the Government was 'left with no choice' but to raise fuel prices while blaming the previous Imran Khan-led PTI government for signing the 'worst ever deal' with the International Monetary Fund
Read More