International Monetary Fund (IMF)
- 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…
- Pakistan
IMF expresses concern over possibility of Pak opposition creating hurdles in govt’s hard economic decisions
Islamabad: The IMF has expressed concern that Pakistan’s opposition parties might create hurdles in the way of implementing the tough economic decisions of the cash-strapped Shehbaz Sharif-led government, media reports said on…
- World
After India, China gives financing assurances to Sri Lanka for IMF bailout package
Colombo: China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island…
- India
India’s debt ratio projected to be 84 per cent of its GDP: IMF
Washington: India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little…
- World
Ukraine war has affected Asian economy; risk of fragmentation worrisome: IMF
Washington: The war in Ukraine has affected the Asian economy broadly in terms of trade and financial market uncertainties and inflation, a top IMF official said on Tuesday, warning that going forward…
- World
‘The worst is yet to come’: IMF on global economy
London: The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world, media reports said. “The worst is…
- Pakistan
Will IMF continue its loan programme under Pakistan’s new finance minister?
New Delhi: As Pakistan is now set to get a new finance minister – senior member of Pakistan Muslim League – N (PML-N) Ishaq Dar will soon assume charge, the moot question…
- World
US to participate in Sri Lanka’s debt restructuring
Colombo: The US has agreed to cooperate with Sri Lanka’s debt restructuring as prescribed by the IMF in its staff-level agreement for a USD 2.9 billion bailout package to help revive the…
- Pakistan
IMF revives Pakistan’s EFF programme, approves USD 1.17bn bailout fund
Islamabad: Pakistan has secured a much-needed bailout package from the IMF, which will help the cash-starved country avert an imminent default, amidst the persisting political uncertainty and the devastating floods that has…
- India
IMF slashes India’s 2022 growth forecast to 7.4%
Washington: The International Monetary Fund (IMF) on Tuesday slashed its annual growth projection for India by 0.8 percentage points to 7.4 per cent for 2022 and forecast “increasingly gloomy developments” for the…
- World
Bangladesh requests loan from IMF; economists say reforms in financial sector needed
Dhaka: Bangladesh has formally requested for a USD 4.5 billion loan from the Washington-based multilateral lender IMF to combat the ongoing financial crisis in the country, according to a media report. The…
- World
Russian gas shutdown would send some EU countries into recession: IMF
London: A total shutdown of Russian gas supply would reduce GDP in the most vulnerable EU countries by as much as 6 per cent and send them plunging into recession, the International…
- World
IMF closely monitoring situation in Sri Lanka
Colombo: The IMF on Sunday said that it was closely monitoring the ongoing developments in Sri Lanka and hoped that the political crisis will be resolved soon to allow for the resumption…
