Pakistan’s GDP Growth Forecast Reduced to 0.4% by World Bank for FY23-24
The World Bank's latest projection indicates that Pakistan's economy will only grow by 0.4% this year, down from its previous estimate of 2% growth in October.
IMF Approves Ukraine Loan Package Worth $15.6 Billion Amidst Economic Crisis
Out of the total amount approved, almost $2.7 billion is being made available to Ukraine immediately...
America Proposes to Double Economic Support To Pakistan
The agreement with the IMF on the completion of the ninth review of a USD 7 billion loan Extended Fund Facility program — which has been delayed since late last year over a policy framework — would not only lead to a disbursement of 1.2 billion but also unlock inflows from friendly countries..
India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto
The international organizations are expected to present their joint paper during the 4th Finance Ministers and Central Bank Governors Meeting in October 2023
IMF Only Option Available to Sri Lanka to Overcome Economic Crisis, Says Wickremesinghe
"I have no hope of being President for 13 years," Wickremesinghe said, amidst opposition to his hard economic reforms which had triggered utility rate hikes and increased personal taxes.
IMF rejects Pakistan’s circular debt management plan, calls for an increase in electricity tariff
The International Monetary Fund has called the revised CDMP “unrealistic”..
The IMF Predicts 2023 A Recession Year
The IMF president predicted that this year will see a third of the world’s countries in recession and warned that 2023 will be “tougher” than last year due to the slowing of the economies of the US, EU, and China. The head of the (IMF), Kristalina Georgieva, delivered these sobering statements on Sunday during the …
Global Warning: Year 2023 may witness another recession
International Monitory Fund has warned about the decreasing global growth in the times to come. The IMF clearly says “For Many, 2023 Will Feel Like A Recession.” Facing multiple blows, the world economy is deteriorating in its healthy shape. After the jolt by Corona Virus outbreak, there is now war in Ukraine which drives up …
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Another feather in the crown: India now world’s fifth biggest economy
The most awaited news has broken the ice. India has soared to become the numero 5 in the world as one of the top five economies. India has lagged behind Britain to become the world’s fifth biggest economy. On the other hand UK has dropped behind India becoming the sixth largest economy in the global …
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Sri Lanka: ‘’We are grateful to India!’’
Colombo. India is not only known for peace but also for help worldwide. Particularly the neighbourly nations are India’s responsibility –this is exactly what India has been expressing through its deeds. Sri Lanka says thanks to India after India did offer all the support possible to the neighbour. A Sri Lankan envoy presented the feelings …
