Wednesday, 26 June 2019

Tag Archives: IMF

Pakistan bracing for austere budget under IMF, finance chief says

ISLAMABAD: Pakistan is preparing a belt-tightening budget to tame its fiscal deficit, the de facto finance minister said on Saturday, adding that both civilian and military rulers agreed austerity measures were needed to stabilize the economy. But Hafeez Shaikh, Prime Minister Imran Khan’s top finance adviser, declined to say whether ...

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Pakistan growth to hit eight-year low as IMF bailout looms

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

KARACHI: Pakistan’s growth rate is set to hit an eight-year low, a government report predicted Friday, with all major indicators down as the country continues negotiating its 22nd bailout from the International Monetary Fund. A report by the National Accounts Committee, released late Thursday, forecast growth of a mere 3.3 ...

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US-China tensions are ‘threat’ to world economy: IMF chief

LONDON: The world’s two biggest economies, the US and China, have been at odds with each other since US President Donald Trump imposed tariffs on $250 billion worth of Chinese goods, citing concerns that Chinese trade practices were hurting American companies while demanding an adjustment to the terms of trade ...

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IMF to block $400 Mn worth of Venezuelan funds until ‘govt recognition’

CARACAS: The international financial body froze Venezuela’s access to its money earlier in January. The International Monetary Fund announced Wednesday it will continue to block Venezuela’s access to approximately $400 million of special drawing rights until the “issue of government recognition” is clarified. The IMF and the World Bank have stated they are ready to move ...

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Christine Lagarde: IMF ready to support Pakistan

NEW YORK: Prime Minister of Pakistan Imran Khan on Sunday met International Monetary Fund (IMF) chief Christine Lagarde in Dubai on the sidelines of the World Government Summit. During the meeting, matters pertaining to bilateral interests came under discussion. The meeting comes at a time when Pakistan is seeking its ...

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Egypt receives $2bn tranche of IMF loan

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

CAIRO: Egypt has received the fifth installment of the International Monetary Fund (IMF) loan, worth $2 billion, an official source at the Central Bank of Egypt (CBE) said, adding that the new batch of the IMF loan will be used to support the state budget and will have positive repercussions ...

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Sri Lanka Asks IMF To Revive Suspended $1.5-Billion Bailout

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

COLOMBO: Sri Lanka has appealed to the International Monetary Fund to revive a $1.5-billion bailout suspended during the island nation’s political crisis late last year, the finance ministry said Wednesday. In October, President Maithripala Sirisena sparked weeks of high political drama, even featuring brawls in parliament, by sacking Ranil Wickremesinghe ...

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Don’t see ‘elements of recession’ in near term: Lagarde

WASHINGTON: Despite some uncertainty and market volatility, the United States is not likely to see an economic contraction in the near term, IMF chief Christine Lagarde said Thursday. On a day when Wall Street dropped three percent before recovering some ground, Lagarde said “there’s a question mark about growth prospects ...

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Pakistan faces IMF’s toughest conditions for bailout package

ISLAMABAD: Pakistan is facing toughest conditions of the history by the International Monetary Fund (IMF) for bailout package. Sources said that the IMF demanded the government to increase General Sales Tax (GST) to 18 percent and also asked the government to withdraw subsidy in phases. The Mission also demanded the ...

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IMF delegation in Pakistan for bailout talks

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

ISLAMABAD: A delegation of the International Monetary Fund (IMF) arrived in Islamabad today for talks on a bailout package. The delegation will be in the country for two weeks. “In the first phase, IMF’s technical team will hold talks with Pakistani officials. Pakistan will inform the money watchdog about the ...

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