Tag: IMF
17 Results
-
Power struggles without public purpose
The political discourse today consists predominantly of bitter invective and aggressive rhetoric along with unceasing efforts by political leaders to denigrate opponents. Instead of debating public policy, much of the political conversation involves diatribes and allegations of malfeasance and venality hurled by political leaders against one another. This has spawned a form of issue-less politics, where instead of the country’s challenges being seriously discussed, political narratives are reduced to deriding rivals
February 14, 2023 -
Pakistan and its IMF addiction
The present government under Shehbaz Sharif has defrosted the IMF programme (frozen in March 2022) and is in the throes of negotiations for its speedy resuscitation
February 10, 2023 -
Pak rupees hit new low vs USD, slides to Rs 227.88 a dollar
The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
January 11, 2023 -
Pak banks on Saudi Arabia to avoid default
In what appears to be an alternative to the International Monetary Fund (IMF), Pakistan Finance Minister Ishaq Dar expressed hope to receive a $3 billion second bailout from Saudi Arabia within days, vowing to raise money through sale of assets to beef up the critically-low foreign exchange reserves.
January 5, 2023 -
IMF hails strong economic recovery in Seychelles: Local media
It added that the recovery was accompanied by significant fiscal consolidation and social support for the most vulnerable.
December 4, 2022 -
Pakistan’s total debt surges to Rs 12 trillion in first quarter
In the fiscal year, 2022-2023, in July-September the debt and liabilities stood at Rs 62.46 trillion which is more than the same period of last fiscal year,
November 18, 2022 -
India’s forex reserves fall its two year low to $524.52 billion
India's foreign exchange reserves on Friday fell by $3.85 billion to $524.52 billion for the week ending on October 21, according to the latest data released by the Reserve Bank of India (RBI).
October 28, 2022 -
Banking has become a medium of good governance: PM Modi
Digital economy today is a great strength of our economy, of our startup world, of Make in India and of self-reliant India, said Modi.
October 16, 2022 -
Pakistan urges IMF to ease harsh terms on power tariffs, fuel taxes
Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over the next six months.
September 30, 2022 -
Imran Khan believes fresh election only solution to end instability in Pakistan
Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan on Friday said that a fresh election is the only way to end the instability in the country, local media reported.
September 10, 2022 -
Former CEA K Subramanian appointed as an Executive Director for India at IMF
Former Chief Economic Adviser (CEA) Krishnamurthy Subramanian will be the Executive Director for India at the International Monetary Fund (IMF).
August 26, 2022 -
Pakistan’s days of extracting geopolitical rent are over. What next?
Pakistan has immense latent capabilities to be a valuable partner for its key strategic partners, but its ruling elite must wake up to new realities.
July 30, 2022 -
Better crisis management much-needed for Pakistan
A new generation of policymakers is at the helm, lacking in crisis management experience. Even though they have had to deal with the situation from a handicapped position due to the unfavourable external environment, some of their actions (and a lot of their inaction) has compounded the effects of the crisis on markets and investors.
July 29, 2022 -
Ahsan Iqbal seeks early approval of IMF staff agreement
The IMF and Pakistan reached a staff-level agreement last week that they hoped would stabilise the country’s economy and depreciating currency.
July 21, 2022 -
IMF’S $4.5B loan: Govt now has cold feet
One of the conditions that would be attached to the loan is the withdrawal of subsidies on fuel, electricity and fertilisers.
July 21, 2022 -
Eyeing $4bn from friendly countries this month
Depleting reserves, a widening current account deficit and the rupee’s depreciation against the dollar have left the nation facing a balance-of-payments crisis.
July 18, 2022 -
CB Governor stresses on need to stay the course
Thus, the main task of the Central Bank is to stop hyperinflation. As inflation increases it is mainly the poor, pensioners, and those with fixed incomes that will be most affected, he said.
July 14, 2022