International Monetary Fund (IMF)
- 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
Pakistan seeks US help to revive IMF deal
Islamabad: Pakistan has sought support from the US for the revival of the International Monetary Fund (IMF) program, as the global lender is yet to agree to a staff level pact despite the…
- Pakistan
Pakistan steeply hikes fuel prices to secure IMF funding
Islamabad: Pakistan’s government has hiked fuel prices by up to 29 per cent, removing fuel subsidies in an attempt to trim the fiscal deficit and secure critical support from the IMF for…
- Pakistan
Pakistan leans on Qatar for LNG amid falling foreign currency reserves
Islamabad: Finance Minister Miftah Ismail said on Saturday that Pakistan will seek a deferred payment plan for liquefied natural gas (LNG) bought under long-term deals with Qatar as the nation’s economy continues…
- World
Sri Lanka PM announces financial safety net for social security
Colombo: Sri Lanka aims to set up a financial safety net of Rs 200 billion to provide social security support to the needy amidst the worst economic crisis in the country, Prime…
- Pakistan
IMF asks Pakistan to reopen CPEC deal ahead of payment to China
Islamabad: Putting Islamabad in a tight spot, the International Monetary Fund (IMF) has asked Pakistan to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around Pakistani rupees 300…
- Business
‘Coin’ in Bitcoin name doesn’t make it money: IMF chief
Davos: IMF chief Kristalina Georgieva on Monday cautioned against confusing crypto products with currencies and said anything not backed by a sovereign guarantee can be an asset class but not a currency,…
- World
US offers strong support to rebuild Pakistan’s economy
New York: Hours after Pakistan Foreign minister Bilawal Bhutto-Zardari arrived in New York for a series of meetings with the US Secretary of state Antony Blinken, a State Department spokesperson assured Islamabad…
- World
Sri Lanka requests IMF for rapid financial aid amidst current economic crisis
Washington/Colombo: Sri Lanka’s Finance Minister Ali Sabry has met IMF Managing Director Kristalina Georgieva in Washington and made a request for a Rapid Financing Instrument (RFI) amidst the unprecedented economic crisis in…
- Business
IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict
Washington: The International Monetary Fund (IMF) Chief said the organisation will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies…
- Pakistan
Pakistani rupee plummets to all-time low against USD
Islamabad: The Pakistani rupee on Tuesday plummeted to an all-time low against the US dollar, trading at 185.40 PKR in the interbank market during intraday trading, up 1.31 PKR from 184.09 on…
- Middle East
International organisations warn of escalating humanitarian crisis in Lebanon
Beirut: The fourth Consultative Group (CG) meeting of the Reform, Recovery and Reconstruction Framework (3RF) has warned against an escalating humanitarian crisis in Lebanon, a statement by the Delegation of the European…
