IMF
- Pakistan
IMF positive about Pakistan’s proposal for lowering electricity prices: PM
Islamabad: Prime Minister Shehbaz Sharif on Wednesday said the International Monetary Fund chief is positive about Pakistan’s proposal regarding lowering electricity prices. In a cabinet meeting about his interaction with IMF Managing…
- World
IMF projects weaker Indian economy in 2025
Washington: The Indian economy is expected to be “a little weaker” in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of…
- News
India remains largest growing economy globally: IMF
Washington: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country’s macroeconomic fundamentals are good. “India is said to remain…
- World
IMF warns of geopolitical tensions
Washington: The International Monetary Fund (IMF) has maintained its global growth forecast in 2024 at 3.2 per cent, consistent with its projection in July, according to its newly released World Economic Outlook…
- Pakistan
Pakistan cuts 1.5 lakh jobs, dissolves 6 ministries as part of IMF deal
Islamabad: To minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolition of about 150,000 government posts, closing six ministries, and merging two others, as part of reforms agreed upon with the…
- World
IMF board approves $7bn bailout for Pakistan
Islamabad: The International Monetary Fund’s board (IMF) on Wednesday approved a USD 7 billion Extended Fund Facility (EFF) for cash-strapped Pakistan, providing a critical boost to the country’s struggling economy. The development…
- World
Sri Lanka’s President appoints 3-member cabinet
Colombo: Sri Lankan President Anura Kumara Dissanayake appointed a new Cabinet of Ministers on Tuesday evening, with Prime Minister Harini Amarasuriya, lawmaker Vijitha Herath and himself taking on Cabinet portfolios. Dissanayake will…
- News
Bangladesh clears 1.37 Bn USD bimonthly ACU payments
Dhaka: Bangladesh has cleared 1.37 billion US dollars in bimonthly payments with the Asian Clearing Union (ACU), an arrangement for settling payments for intra-regional transactions among its members. After the ACU payment,…
- India
Open to exploring more ways to increase India’s collaboration with IMF: FM
New Delhi: India is open to exploring more ways to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said during a meeting with IMF’s First Deputy Managing…
- Business
IMF raises India’s GDP growth forecast to 7 pc for 2024-25
New Delhi: The International Monetary Fund (IMF) on Tuesday raised India’s GDP growth forecast for 2024-25 to 7 per cent from 6.8 per cent projected earlier on the back of “improving private…
- Pakistan
Pakistan will continue to seek IMF bailouts if it fails to boost tax revenue
Islamabad: Pakistan Finance Minister Muhammad Aurangzeb has warned that the cash-strapped country will continue to seek IMF bailouts if it fails to boost tax revenue, according to a media report on Monday.…
- World
PM Sharif vows to end Pakistan’s dependency on foreign aid & IMF bailouts
Islamabad: Prime Minister Shehbaz Sharif has pledged to end Pakistan’s dependency on foreign aid and IMF bailouts and surpass neighbouring nations in economic activity, as he outlined a series of bold reforms…
- World
Sri Lanka Prez calls for cross party support for economic transformation bill
Colombo: Sri Lanka’s President Ranil Wickremesinghe on Sunday urged all political parties to support the economic transformation bill in Parliament as an urgent measure to help the crisis-hit island nation sustain its…
- World
IMF says ‘significant progress’ made in talks with Pakistan on new bailout package
Islamabad: The IMF has said that “significant progress” has been achieved during talks with Pakistani officials towards reaching a staff-level agreement for an extended fund facility for the cash-strapped country. Pakistan has…
- Pakistan
Pakistan, IMF to hold talks on fresh bailout package
Islamabad: Pakistan, seeking a fresh USD 6 billion to USD 8 billion loan package from the IMF, will hold talks with officials from the Washington-based lender to discuss the terms of the…
