[ad_1] The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible upward revision in its outlook for China.Asia is set to expand 4.5% in 2024 from the prior year, 0.3 percentage points higher than the October regional outlook but…
[ad_1] Inflation is steeply rising in Pakistan, causing citizens to struggle to afford essential items to provide basic meals for their families, news agency ANI reported. People in the country’s Karachi city have stated that the increasing rates of basic amenities are adversely affecting the common public. A kilo of flour now stands at 800…
[ad_1] NEW DELHI: The Pakistan government borrowed more than PKR 650 billion from banks to address its increasing expenses within a week, as reported by Dawn on Saturday. The government’s borrowing from commercial banks hit a historic high of PKR 5.5 trillion from July 1, 2023, to April 5, 2024 against PKR 2.95 billion in…
[ad_1] ACCRA: The International Monetary Fund on Saturday said it had validated a fresh tranche of aid of $360 million for Ghana as the country seeks to exit an economic crisis.The latest aid comes as part of a second review of the IMF‘s $3 billion assistance package to Accra, which was approved in May last…
[ad_1] ISLAMABAD: Pakistan‘s central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund. The bond, launched in 2014 and repaid on Friday, was maturing this month. “The payment was made to the agent bank for…
[ad_1] War of Words! Krishnamurthy Subramanian, the Executive Director at the International Monetary Fund has said that the IMF’s GDP growth forecasts for India have been consistently ‘INACCURATE’. In contrast, he claimed that his predictions of India’s GDP growth have been accurate. The issue stems from IMF spokesperson Julie Kozack recently stating that Krishnamurthy Subramanian’s…
[ad_1] ISLAMABAD: The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country. The Washington-based lender’s apprehension comes from a sluggish economic growth rate of 1.8 per cent, coupled with soaring inflation, a…
[ad_1] BEIJING: The head of the International Monetary Fund on Sunday called on China to implement “a comprehensive package of pro-market reforms” to boost a sluggish economy beset by a housing market crisis, low domestic demand and persistently high youth unemployment. Chinese policymakers have so far resisted calls to juice the economy through massive government…
[ad_1] South Sudan has severely limited economic growth and development. The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP). While GDP is a measure of a country’s total economic output, PPP takes into account the cost of living, providing…
[ad_1] Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official. Pakistan Prime Minister Shehbaz Sharif(Reuters) The country will seek to negotiate an Extended Fund Facility with…
