[ad_1] Maulana Fazlur Rehman was speaking in the National Assembly Islamabad: Pakistan’s leading right-wing Islamic leader Maulana Fazlur Rehman on Monday came out in support of his erstwhile rival Pakistan Tehreek-e-Insaf, saying the opposition party has the right to hold rallies and even form a government. Rehman, the chief of his faction of the Jamiat…
[ad_1] The executive board of the International Monetary Fund approved $1.1 billion in funding for Pakistan on Monday, the agency said in a statement, amid discussions for a new loan. The funding is the second and last tranche of a $3 billion standby arrangement with the IMF (Reuters/File) The funding is the second and last…
[ad_1] Pakistan’s stock market reached a new all-time high on Monday, with the benchmark index trading at 71,474 points, representing a 0.8% increase. The index surpassed the crucial 71,000 mark earlier in the day, according to data from the Pakistan Stock Exchange website.According to a Reuters report, over the past year, the market has experienced…
[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] 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] WASHINGTON: The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 per cent, citing unexpected “resilience” in major advanced and emerging market economies around the world.The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International Monetary Fund‘s previous forecast in…
[ad_1] DAVOS: Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India governor Shaktikanta Das said at the World Economic Forum in Davos. “When inflation is still above 5.5%, rather close to 6%, our monetary policy has to remain actively disinflationary and it would be…
[ad_1] DHAKA: Bangladesh expects to receive USD 1.1 billion in loans from the International Monetary Fund (IMF) and the Asian Development Bank (ADB) by next month, a central bank spokesperson said on Friday, as it tries to cope with a fall in reserves. “We are hoping to get the amount from the IMF and ADB…
[ad_1] MARRAKECH: International Monetary Fund managing director Kristalina Georgieva on Thursday said the Israel-Hamas conflict was “heartbreaking” and threatened to darken the already tepid global economic outlook. “We are closely monitoring how the situation evolves, how it is affecting, especially oil markets,” Georgieva said. She said there had been some fluctuations in oil prices and…
[ad_1] MUMBAI: India’s foreign exchange reserves fell to an 11-week low of $593.90 billion as of Sept. 8, the Reserve Bank of India‘s (RBI) data showed on Friday.That was a decrease of $5 billion from the previous week. Reserves had risen by $4 billion in the week to Sept. 1.The central bank intervenes in the…
