As Pakistan continue to face economic challenges, the International Monetary Fund has made it tougher for the country to manage by rejecting the proposal for any tariff adjustment or provision of additional subsidy, Geo News reported.
“It is not a very serious issue, but political parties are in election mode and using it as a social cause,” the interim prime minister told senior journalists and news anchors on Friday.
The inflation rate for food remained high at 38.5 per cent in August, according to figures from Pakistan's statistics department, despite a minor decline from July's 28.3 per cent rate.
Amid stringent International Monetary Fund (IMF) restrictions, traders from throughout Pakistan joined protesters in a demonstration against a significant increase in electricity tariffs on Thursday, ARY News reported.
The development comes as the Pakistan caretaker government continues to hold talks for the third consecutive day in a bid to find ways to give relief to the protesting people.
As the Pakistani Rupee (PKR) goes down steadily against the US dollar, experts and stakeholders in Pakistan point fingers at the powerful grip of the grey market and the “significant interference” by the International Monetary Fund (IMF) in the country's banking and currency sectors, reporte
Addressing the Indian diaspora in Greece, Prime Minister Narendra Modi pointed out that the theme chosen by India as the chair of the G20 Summit reflects global harmony and added that the country's role before the world is changing rapidly.
Singapore/ Mumbai (Maharashtra) [India], August 24: Farro Ventures, parent company of leading Singapore based multi-family office Farro Capital, announces the establishment of its newest subsidiary - Farro & Co - expanding its comprehensive service portfolio to offer a full suite of tail
Pakistan's total foreign loans increased to USD 2.8 billion in the first month (July 2023) of the current fiscal year as a result of additional USD 2 billion time deposits from the Kingdom of Saudi Arabia (KSA) and USD 508 million in guaranteed loans from China for the Pakistan Air Force to
The monetary policy committee of the Reserve Bank of India is expected to again hold the policy rate in the next meeting, as the central bank awaits a clearer picture on the inflation trajectory, said Crisil in a report.