Tag: international monetary fund
Pakistan: Pakistan to launch new military operation against Islamist militants
ISLAMABAD: Pakistan plans to launch a new nationwide operation to root out Islamist militants, the national security committee said on Friday, in a potentially costly…
IMF chief expects less than 3% global economic growth in 2023
The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing…
Pakistan gets Saudi’s approval for $2 billion funding to secure IMF bailout
ISLAMABAD: Cash-strapped Pakistan has received the nod for funding of up to $2 billion from Saudi Arabia, a move that will help the country secure…
Pakistan: Pakistan central bank raises rate 100bps to 21% to curb inflation
KARACHI: Pakistan’s central bank raised its key interest rate by 100 basis points to its highest-ever level on Tuesday, as the cash-strapped country bids to…
Pakistan’s inflation soars to 35.4% in March, highest since 1965
ISLAMABAD: The Consumer Price Index (CPI)-based inflation raced to 35.4 per cent in March, the highest annual rise in prices on record since 1965, driven…
Amnesty: Amnesty: West’s ‘double standards’ fuel Mideast repression
BEIRUT: A leading international rights group on Tuesday decried what it said were double standards by Western countries that have rallied behind a “robust response”…
Global growth slowing to below 3% due to Ukraine war: IMF chief
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed “the need for vigilance” following the recent…
India’s forex jumps $12.8 billion to six-week high of $572.801 billion
India‘s foreign exchange stockpile has jumped $12.8 billion in the week ending March 17, its biggest jump in four-and-a-half months due to revaluation of gold…
IMF’s ‘Pakistan’ dilemma in lending: Report
ISLAMABAD: The International Monetary Fund (IMF) is in a dilemma regarding the sustainability of its funding in Pakistan, which would be difficult to defend in…
Pkr: Pakistan govt raises petrol price to PKR 272 per litre
ISLAMABAD: With only a few days left for Ramzan, the Pakistan government has raised the price of petrol to Pakistani Rupee (PKR) 272 per litre,…