Sunday, November 28, 2021

IMF

Pakistan and IMF reaches agreement to revive $6 bln funding programme

Pakistan and the International Monetary Fund reached an agreement Monday to revive a stalled $6 billion funding program for Pakistan which is facing mounting economic challenges. The International Monetary Fund said - in a statement - that "the Pakistani authorities...

IMF approves history’s biggest funding of $650 billion

International Monetary Fund (IMF) funding approved to mitigate crisis risen after the pandemic. Allocation will provide additional liquidity to the global economic system. This would help countries to improve their foreign exchange reserves. Moreover, this would help to pay expensive...

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...
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Latest News

Pakistan: Construction industry chaos, ABAD chairman questions fed and province, whom to get approvals?

Chairman of Association of Builders and Developers (ABAD) Mohsin Sheikhani has demanded from the federal and provincial governments to...
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