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.
Inflation, external concerns, and supply disruption are anticipated to have a significant impact on the economy in the future amid heightened recessionary risks.
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.
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
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.
Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources. Sources within the Finance Ministry familiar with the development said that the
According to sources within the Finance Ministry, the incumbent government has decided to seek Washington's help as the majority of the demands of the fund have been completed. "There is no need for further delay in the staff-level agreement."
Pakistan PM Shehbaz Sharif said that the creation of chaos on roads is part of Imran Khan's agenda which aims at "fanning the fire of instability in the country."
New Delhi [India], March 11 (ANI/PRAADIS TECHNOLOGIES PVT LTD): Praadis Education has launched a new campaign called "Knowledge is Power" which aims to empower students with the knowledge they need to navigate the competitive world and stand with their head held high. This campaign is design
Foreign Minister of Pakistan Bilawal Bhutto Zardari has claimed that the International Monetary Fund (IMF) is not being "fair" to Pakistan, as the country is facing serious crises. In an interview with the Associated Press on Friday, Bilawal Bhutto said that Pakistan was facing an economic c
New Delhi [India], March 11 (ANI/ATK): The concept of exclusivity in membership clubs is becoming a thing of the past for one club in Edinburgh. The Morningside Club was the town's best-kept secret and prospective members had to be nominated by two current members just to apply. Sheila Noble