Imf
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Believe it or not: Domestic cylinder costs over Rs 3,000 in Pakistan amid inflation
World | Oct 04, 2023, 02:02 PM ISTIn September, Pakistan experienced its first inflation increase in four months, driven by government-mandated fuel price hikes aligned with IMF conditions for a $3 billion bailout program.
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Pakistan is begging money from world while India reached moon and hosted G20 summit: Nawaz Sharif
World | Sep 19, 2023, 10:32 PM ISTPakistan's economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked double-digit inflation.
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Did Pakistan sell arms to Ukraine to secure IMF funding? READ
World | Sep 19, 2023, 12:03 PM ISTIn July, the IMF transferred USD 1.2 billion to cash-strapped Pakistan, part of the USD 3 billion bailout programme for nine months to support the government’s efforts to stabilise the country's ailing economy.
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RBI Governor pitches for expeditious completion of quota review at IMF
Business | Aug 11, 2023, 05:00 PM ISTShaktikanta Das was speaking at a seminar on the global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI) in the national capital.
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Indian economy to grow at 6.1 per cent in 2023, projects IMF
Business | Jul 25, 2023, 08:43 PM ISTThe IMF projected a growth rate of 6.1 per cent for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection.
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'Very inspiring click’: PM Modi applauds Nirmala Sitharaman’s picture with IMF’s Gita Gopinath
India | Jul 17, 2023, 11:49 PM ISTIt is worth mentioning India is currently holding meetings of G20 and currently top IMF officials and other leaders are in Gujrat's Gandhinagar to attend the meeting of the third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting.
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'Very inspiring click’: PM Modi applauds Nirmala Sitharaman’s picture with IMF’s Gita Gopinath
India | Jul 17, 2023, 05:19 PM ISTIt is worth mentioning India is currently holding meetings of G20 and currently top IMF officials and other leaders are in Gujrat's Gandhinagar to attend the meeting of the third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting.
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Cash-strapped Pakistan set to become 4th biggest debtor of IMF: Report
World | Jul 03, 2023, 01:01 PM ISTOther Asian countries that borrowed from the IMF, including Sri Lanka, Nepal, Uzbekistan, the Kyrgyz Republic, Armenia (West Asia) and Mongolia, are far behind Pakistan in terms of taking loans from the global lender.
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Near economic collapse, Pakistan reaches $3 billion staff-level pact with IMF
World | Jun 30, 2023, 12:46 PM ISTPorter also highlighted policy missteps in Pakistan, such as "shortages from constraints on the functioning of the FX market", that have stalled the country's economic growth.
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Pakistan: Countdown begins for economic collapse; desperate PM Shehbaz pleads IMF for $6B bailout
World | Jun 28, 2023, 09:11 AM ISTInterestingly, discussions between Islamabad and the IMF stalled in December after the global lender delayed the release of a crucial tranche of $1.1 billion from the bailout
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IMF raises issues with Pakistan's FY23-24 budget; calls it 'missed opportunity' | FULL DETAILS
World | Jun 15, 2023, 01:10 PM ISTIMF on Pakistan Budget: The government unveiled a Rs 14.4 trillion budget for 2023-24 in the National Assembly last week as it battled to fend off a looming default due to shrinking foreign reserves.
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IMF exudes confidence in India for economic revival; projects 'Asia-Pacific to grow 4.6 pc in 2023'
Business | May 02, 2023, 01:20 PM ISTInternational Monetary Fund: From 3.8 per cent in 2022, the growth in the dynamic Asia-pacific is projected to hike to 4.6 per cent in 2023.
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Indian economy to grow at around 6.5 pc in FY24 despite US, Europe bank crisis: NITI Aayog
Business | Apr 30, 2023, 11:56 AM ISTRecently, the World Bank and the Asian Development Bank projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.
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Crypto issue requires immediate attention, says FM Sitharaman at IMF event
Business | Apr 15, 2023, 11:43 AM ISTIssues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector.
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IMF massively cuts Pak economic growth projection, forecasts over 20% inflation for next 2 years
World | Apr 12, 2023, 05:24 PM ISTFacing the brunt of the economic crisis, Pakistan is witnessing power, food, and fuel shortage further adding to the vows of the people.
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IMF cuts India's growth forecast for FY24 to 5.9% from 6.1%
Business | Apr 12, 2023, 06:11 AM ISTIMF growth forecast is lower than projections by the Reserve Bank of India (RBI). RBI sees a 7 per cent GDP growth in 2022-23 and a 6.4 per cent in the current fiscal that started on April 1. The government is yet to release full-year GDP numbers for 2022-23.
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IMF report hails India's digital infrastructure as a model for other nations to follow
Business | Apr 07, 2023, 02:28 PM ISTThe IMF applauds India's digital infrastructure and highlights a building block approach and innovation-fostering practices as a model for other nations experiencing a digital transformation.
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India one of the bright spots in crisis-ridden world economy: IMF chief
Business | Apr 07, 2023, 01:17 PM ISTKristalina Georgieva, the MD of the International Monetary Fund (IMF), said that the sharp slowdown in the world economy last year due to the pandemic and Russia’s invasion of Ukraine would continue this year.
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India, China to account for half of global economic growth in 2023: IMF chief
Business | Apr 07, 2023, 08:52 AM ISTInternational Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
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Rich people in Pakistan to pay Rs 100 more for petrol, says report
World | Mar 21, 2023, 06:02 PM ISTAccording to reports, the extra money which will be charged by rich people in Pakistan would be used as funds to subsidise fuel for low-income people.