Saudi Arabia completes its $3 billion support to Pakistan, offering short-term relief as debt repayments, IMF conditions, and global pressures continue to test the country’s fragile economy.
India’s position in the global GDP rankings has slipped from fifth to sixth, according to the latest IMF estimates.
International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday said India's growth rate is more than two times higher than the average global growth.
IMF sees India as a key growth driver even as global expansion weakens, with strong policy frameworks and domestic demand helping cushion external shocks and energy price pressures.
Pakistan has drawn up a tight repayment schedule to return $3.5 billion to the UAE this month, even as rising outflows and weaker exports add pressure on its economy.
Sharif also announced a reduction in commodity prices of industrial units by Rs 7.59 during a special event attended by cabinet members and business community on Thursday.
Several ambassadors and top diplomats from Islamic nations attended a 'Sadhbhavana Iftar' hosted by the Indian Minorities Federation (IMF) in New Delhi on Thursday evening, lauding India's cultural heritage, harmony and Prime Minister Narendra Modi's commitment to 'Sabka Saath, Sabka Vikas, Sabka Vishwaas' initiative to reach all communities.
To celebrate the holy month of Ramzan, Indian Minorities Federation (IMF) hosted the 'Sadbhavana Iftar' event for the ambassadors of 19 Muslim nations in India, which was held at the residence of Rajya Sabha MP and IMF Convener, Satnam Singh Sandhu, in the national capital.
Among modern economists, the person who completely revolutionized economic thinking and practice during the Great Depression of 1930s had been John Maynard Keynes whose unconventional ideas contained in his book, The General Theory of Employment, Interest and Money, brought new hopes of salvaging war-ravaged European economies.
In today’s world, next to the politicians, the most powerful men and women have been the group of people who call themselves ‘economists’.
