As the IMF's $3 billion stand-by arrangement initiated its first review on Thursday, the Pakistani rupee experienced a declining trend against the US dollar, casting uncertainty on future prospects, Dawn reported on Thursday.
According to a report by S&P Global, this term refers to economies characterized by sluggish growth and low inflation despite adopting accommodative monetary policies and fiscal stimulus.
The annual growth rate of the broad monetary aggregate M3 stood at -1.2 per cent in September 2023, showing a marginal improvement from -1.3 per cent in August.
The Sharjah Islamic Bank (SIB) announced the completion of the integration process for its financial and banking operations in the field of payments with the Arab Regional Payments Clearing and Settlement Organization (Buna), a centralised cross-border payment system owned by the Arab Moneta
This development has prompted a special meeting of the Economic Coordination Committee (ECC) to convene, where discussions will revolve around a remarkable 3,900 per cent surge in fixed monthly charges and a substantial 194 per cent hike in consumer rates for natural gas.
Emerging Asian economies grapple with an array of challenges in conducting monetary policy, from the impacts of COVID-19 shocks to the ripple effects of unconventional monetary policies in advanced nations, fluctuations in capital flows, shifts in commodity prices, and the surge of digital f
Georgieva expressed her appreciation for Nancy Onyango's dedication and contributions during her six-year tenure, emphasizing the importance of Onyango's role in ensuring transparency and accountability within the Fund.
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
Mumbai (Maharashtra) [India], October 20: Legendary pace bowler Zaheer Khan was a surprise guest at the prestigious Axel Springer awards that honoured Microsoft Chairman and CEO, Satya Nadella's visionary entrepreneurship. The non-monetary award is a recognition offered to outstanding person
A delegation from the Executive Office of Anti-Money Laundering and Counter Terrorism Financing and the Executive Office for Control and Non-Proliferation has visited Washington, DC, and met with officials from the US government, the World Bank Group, the International Monetary Fund, the Ins
London [UK], October 19: Design Your Climate Action is an International competition developed by humanitarian educational initiative BE OPEN and its partners. It is open to all students, graduates and young professionals who specialise in the fields of design, architecture, engineering and m