Rajnath urges IMF to reconsider its USD 1 billion aid to Pakistan
Defence Minister Rajnath Singh on Friday said Operation Sindoor was not yet over, issuing an open warning to Pakistan to mend its ways when it comes to harbouring terrorism.
Defence Minister Rajnath Singh on Friday said Operation Sindoor was not yet over, issuing an open warning to Pakistan to mend its ways when it comes to harbouring terrorism.
After global ministers of finance and central bankers met for the World Bank/IMF Spring Meetings in Washington at the end of April, the buzz is the future of the international monetary system anchored on the dollar.
India will put forward the country's position at a board meeting of the International Monetary Fund in Washington on Friday, Foreign Secretary Vikram Misri said in response to a query on New Delhi asking for a review of loans to Pakistan.
The Central government on Saturday terminated the services of Dr Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund (IMF) with immediate effect, according to an official release.
Pakistan's Federal Bureau of Revenue (FBR) has been consistently falling short of its targets for the past 10 months, piling up a confounding shortfall of Rs 833 billion during the current fiscal year.
Former Chief Economic Adviser (CEA) Krishnamurthy Subramanian will be the Executive Director for India at the International Monetary Fund (IMF).
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.
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.
The IMF and Pakistan reached a staff-level agreement last week that they hoped would stabilise the country’s economy and depreciating currency.
One of the conditions that would be attached to the loan is the withdrawal of subsidies on fuel, electricity and fertilisers.
