Pakistan has recently reached a significant agreement with the International Monetary Fund (IMF) for a USD 7 billion loan, yet many citizens express frustration over the country's persistent economic struggles.
Pakistan's Finance Minister Muhammad Aurangzeb recently warned that the country will face "transitional pain" after the International Monetary Fund (IMF) agreed to loan Pakistan USD 7 billion, which the Prime Minister Shehbaz Sharif-led government has pledged would be the last from the Washi
Union Defence Minister Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven billion dollar bailout package, and Prime Minister Narendra Modi has given more than this in the PF package for J&K.
The current fiscal year's tax-laden budget and the Supreme Court's ruling on reserved seats have shifted the focus of politics to the economy, further posing doubts over Pakistan's ability to meet the new International Monetary Fund (IMF) conditions for a USD 7 billion loan, reported Dawn.
Country Garden, one of China's property developers, said that it has faced a loss of USD 7 billion during the first six months of 2023. The property developer company said that it could default on its debts, CNN reported.
Pakistan last week signed a USD 3 billion loan programme with the IMF, following the revival of the USD 7 billion programme that was officially ending prematurely the same day.
More than 43 million people across Ethiopia, Kenya and Somalia continue to suffer through one of the worst droughts in recent history, caused by five consecutive seasons of poor rains.
The International Monetary Fund (IMF) has "welcomed" Pakistan's confirmation of having secured crucial bilateral support from key partners and said it looked forward to receiving further "financing assurances as soon as possible", which would help conclude the much-delayed ninth review of a
Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the economy. While the visiting IMF delegation is asking for several reforms and compliance with its conditionality.
The discussion will revolve around Pakistan's plan for taking additional taxation measures to fetch over Rs 200 billion through a presidential ordinance, rationalizing expenditure, and hiking both electricity and gas tariffs for erasing the monster of the circular debt.
The agreement was signed between the officials of Uttar Pradesh and Austin University, Texas, which included Austin University President Ashraf Al Moustafa. Uttar Pradesh Minister Suresh Khanna, former minister Sidharth Nath Singh, Additional Chief Secretary for Infrastructure and Industrial
Kabul [Afghanistan], September 16 (ANI): Taliban have accused the United States of having usurped the Afghan assets after they announced to release USD 3.5 billion of frozen money of Afghanistan as humanitarian aid for the poverty-stricken country.