IMF
- Pakistan
Pakistan enslaved by IMF, laments PM Shehbaz Sharif
Peshawar: Pakistan Prime Minister Shehbaz Sharif on Thursday questioned the kind of independence enjoyed by the country when the nation is “economically enslaved” by the International Monetary Fund (IMF), media reports said.…
- Pakistan
Pakistan to sell assets in desperate attempt to prevent default
Islamabad: In a desperate attempt to save the country from default through emergency sale of state’s assets to foreign countries, the Pakistan federal cabinet has approved an ordinance to bypass all the…
- World
Pakistan assures IMF over CPEC energy deals: Report
Islamabad: Pakistan has assured the International Monetary Fund (IMF) that it would try to receive concessions from the Chinese investors participating in the China-Pakistan Economic Corridor (CPEC) power plants in the shape of…
- World
SL to present debt restructuring programme to IMF by August: PM Wickremesinghe
Colombo: Sri Lanka will present a debt restructuring programme to the IMF by August to secure a bailout package, Prime Minister Ranil Wickremesinghe told Parliament on Tuesday, but acknowledged that negotiations with…
- Pakistan
Pakistan secures deal with IMF to restore stalled USD 6 bn aid
Islamabad: Cash-strapped Pakistan has secured a deal with the International Monetary Fund to restore the stalled USD 6 billion assistance package and unlock doors for financing from other international sources, according to…
- World
In a first, Pakistan rupee slumps to 205 threshold
Karachi: The Pakistani rupee on Tuesday broke all records against the US dollar after shedding 4 PKR in the open market as it surpassed the 205 threshold for the first time in…
- World
World Bank to disburse USD 700 million to crisis-hit Sri Lanka: Report
Colombo: The World Bank is planning to disburse USD 700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented…
- Pakistan
Pakistani rupee drops to all-time low as IMF talks fail
Karachi: Pakistan’s rupee hit a historic record on Thursday of 202.01 against the US dollar in the interbank market, below the previous close of 201.92, after the failure of talks with the…
- World
Sri Lanka to take steps to stabilise economy
Colombo: Sri Lankan Treasury Secretary Mahinda Siriwardana said on Monday that the country will take steps to stabilise the economy, including strengthening public finance. Siriwardana made the remarks as the Sri Lankan…
- Middle East
IMF, Lebanon reach $3bn funding deal
Beirut: The International Monetary Fund (IMF) has reached a staff-level agreement with Lebanon to provide the country with $3 billion in a 46-month financing programme. The agreement is subject to approval by…
- World
Sanctions against Russia could undermine global dominance of US dollar: IMF
Moscow: Sanctions against Russia could undermine the global dominance of the US dollar, according to Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF). “The dollar would remain…
- World
Price shocks due to war in Ukraine will have impact worldwide: IMF
New Delhi: Energy and commodity prices-including wheat and other grains-have surged due to the war in Ukraine, adding to inflationary pressures from supply chain disruptions and the rebound from the Covid-19 pandemic,…
- World
IMF approves USD 1 billion loan tranche for Pakistan
Islamabad: The International Monetary Fund has approved the completion of the sixth review of its stalled USD 6 billion programme for Pakistan, paving the way for an immediate disbursement of about USD…
