International Monetary Fund (IMF)
- Pakistan
Collect more taxes from rich and protect the poor: IMF tells Pakistan
Islamabad: Cash-strapped Pakistan, which is surviving on an emergency financial arrangement by the IMF (International Monetary Fund) and trying to revive its crippling economy through taxes reform mechanism, has been told to…
- Business
Pakistan tops as world’s best performing stock market
Karachi: The Pakistan Stock Exchange (PSX) experienced an impressive rally for the second consecutive week after Eid, earning the title of the “world’s best performing market” on a weekly basis, according to…
- World
India commits to support Sri Lanka amid financial crisis
Colombo: India has reiterated its willingness to play “a constructive role” in supporting Sri Lanka’s efforts for recovery from the worst economic crisis. Addressing the inauguration ceremony of the Construction, Power and…
- World
Sri Lanka’s parliamentary committee approves amended debt restructuring plan
Colombo: Sri Lanka’s parliamentary oversight committee comprising members from both government and opposition on Friday approved the proposed domestic debt restructuring (DDR) plan with certain amendments, as part of the efforts to…
- Pakistan
Pakistan seeks IMF loan to revive economy: Report
Islamabad: Pakistan Prime Minister Shehbaz Sharif has expressed interest in securing a new loan from the IMF during his talks with its chief Kristalina Georgieva though there are slim chances for the…
- Pakistan
Pakistan seeks China’s bailout amid persistent IMF deadlock
Islamabad: Pakistan is now looking for a ‘Plan B’ for averting full fledge eruption of the balance of payment crisis if the International Monetary Fund (IMF) continues to delay the revival of…
- World
Sri Lanka’s debt restructuring likely to be complete by September: IMF
Colombo: The IMF has expressed hope that Sri Lanka’s debt restructuring process would be completed by September, which is also the time for the global lender’s formal review of the bailout facility…
- World
China’s global influence on downward drift as its lender role turns toxic
United Nations: China’s influence at the world body — a barometer of its global clout — measured by a recent secret electoral vote has shown a downward drift even as it maintains…
- Pakistan
Pakistan forex reserves fall to less than a month’s import cover
Islamabad: As Pakistan struggles to secure external financing to pull the country out of the economic crisis, foreign exchange reserves held by the State Bank of Pakistan (SBP) reversed their course, snapping…
- Pakistan
No compromise on Pak’s nuclear programme despite delay in IMF deal: Fin min Dar
Islamabad: Pakistan’s Finance Minister Ishaq Dar on Thursday assured Parliament that the government would not make any compromise on the country’s nuclear and missile programme despite tough economic conditions and hurdles to…
- Pakistan
Pak finance minister hopeful of signing bailout deal with IMF this week
Islamabad: Pakistan’s Finance Minister Ishaq Dar vowed on Thursday that the government was “absolutely committed” to completing the current USD 7 billion bailout programme with the IMF, once again indicating that the…
- World
Sri Lanka’s only solution to economic crisis is turning to IMF, says Wickremesinghe
Colombo: Sri Lankan President Ranil Wickremesinghe on Tuesday emphasised that seeking the IMF bailout package was the only option available to the debt-ridden country to overcome the ongoing economic crisis. “When a…
- Pakistan
Pak govt drops another inflation bomb; petrol up by Rs 22
Islamabad: The Pakistan government under Prime Minister Shehbaz Sharif dropped another bomb of inflation on the masses on Thursday as it jacked up petrol price by Rs 22.20 per litre and increasing…
- Pakistan
Pakistan govt calls emergency session of parliament; introduces bill to raise Rs 170 billion taxes
Islamabad: The cash-strapped Pakistan government on Wednesday introduced a money bill in parliament to raise Rs 170 billion in taxes by June this year as part of conditions by the IMF to…
- Pakistan
IMF, Pakistan fail to strike deal on bailout package
Washington: Cash-strapped Pakistan and the IMF have failed to reach a staff-level agreement on a much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. After 10 days…
