Thursday, November 26, 2020

IMF

IMF: Coronavirus crisis is worst since the Great Depression

The International Monetary Fund's director Kristalina Georgieva said today, Monday, that the crisis, sparked by the spread of the new Coronavirus, is the worst since the Great Depression. The world is rapidly approaching 2.5 million cases of coronavirus infection, according...

Take conscious investment decision

World has changed after 9/11 and recently after COVID-19. Its impact seems to have grave implications. Calculate your risk to protect your assets. Recent Developments IMF agreed to defer loan payments. Is it something to rejoice or raising concerns. At...

World Bank asks bilateral creditors to suspend debt payments from IDA countries

The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries: The coronavirus outbreak is likely to have severe economic and social consequences for IDA countries, home...

G7 warns Facebook against launching Libra before proving safe

A report issued by the Group of Seven (G7) industrialized nations warned that Facebook's Libra should not be launched until the company proves safe and secure. The world's largest economies have warned that cryptocurrencies such as Libra are a...

IMF Staff Concludes Visit to Pakistan

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad and Karachi during September 16–20, 2019 to take stock of economic developments since the start of the Extended Fund Facility (EFF) and discuss progress in the...

Pakistan: Reforms agenda fully on track, no need to renegotiate IMF program

The reforms agenda being pursued by the government with the support of IMF Extended Fund Facility (EFF) is aimed at putting the economy on a sustainable growth trajectory and the progress on nearly all the performance and structural benchmarks during...

Mian Zahid: Loans from IMF, friendly countries aided economy withstand shocks

Former minister Mian Zahid Hussian said that the Loans from IMF, friendly countries helped economy withstand shocks. President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI...

Chinese Yuan devaluation led the ground work for a possible global currency war

Chinese Yuan devaluation led the ground work for a possible global currency war. China has raised fears of international markets by lowering the value of its currency this week,   whose consequences would be heavy. On Monday, China did something...

Regressive taxes keeping many countries poor: Mian Zahid

The President PBIF Mian Zahid said that the regressive taxes keeping many countries poor. tax evasion resulting in poverty, unemployment and illiteracy Loans, grants not a substitute to economic activity. Talking to the business community President Pakistan Businessmen and Intellectuals...

Mian Zahid: Decision to launch Rs200 billion new bonds supported

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain highlighted the role of expatriates in national development. The expatriate...
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Biden appointed Linda Thomas-Greenfield as UN ambassador

US President-elect Joe Biden said that the US Secretary of State, Anthony Blinken, will work to restore US foreign...
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Mozambique and Tanzania launches joint operations against rebels

Mozambique and Tanzania would start joint operations to fight an insurgency, under an agreement that also includes the handover of about 500 suspected militants. The...

US-based Chinese opponents support Trump’s allegation of fraudulent election

Some Chinese opposition activists in the field of human rights residing in the United States, who support Donald Trump's hard-line stance towards Beijing, have...

Systems Limited Wins Forbes Asia’s Best Under A Billion Award 2020

Systems Limited – a next-generation global technology company enabling enterprises to reimagine their businesses through information technology (IT) and business process outsourcing (BPO) services...

Global tax evasion hits $ 427 billion annually

Governments around the world lose about $ 427 billion annually due to fraud and tax evasion as companies and wealthy people divert their money...