February 07, 2023 23:41 (IST)
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Bilkis Bano case: Supreme Court agrees to constitute special bench for hearing | Supreme Court rejects Rana Ayyub's plea | Opposition wants Parliament to function: Congress | Supreme Court refuses to stay swearing-in of advocate Lekshmana Chandra Victoria Gowri | Bilkis Bano case: Supreme Court agrees to constitute special bench for hearing

IMF lays 'tough conditions' to release $1.1 billion to cash-strapped Pakistan

Islamabad: The International Monetary Fund (IMF) has laid a string of “tough conditions” to bail Pakistan out of its spiralling financial crisis, Prime Minister Shehbaz Sharif said, media reported.

US Representative leads bill to support Taiwan’s participation in IMF

Washington: As first reported in POLITICO, U.S. Representative Young Kim (CA-40), who serves on the House Financial Services Committee and House Foreign Affairs Committee, recently introduced the Taiwan Non-Discrimination Act (H.R. 540) with Rep. Al Green (TX-09) to support Taiwan’s participation in the International Monetary Fund (IMF).

IMF approves 4.7 bln USD loans for Bangladesh

Dhaka: The Executive Board of the International Monetary Fund (IMF) has approved 3.3 billion U.S. dollars under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) agreements as well as 1.4 billion dollars under the Resilience and Sustainability Facility (RSF) for Bangladesh.

Pakistan's currency drops to a record low after govt ends control

Islamabad: Pakistan's currency Thursday fell to a record low of Rs 255 against the US dollar, according to local media reports.

Pakistan govt fears losing popularity ahead of polls due to IMF deal

Islamabad: The Pakistani government is fearing that it might lose popularity ahead of the general polls which is keeping it away from finalising a deal with the International Monetary Fund (IMF) that could stabilise the economy.

Pakistan requests IMF to send review mission next week

Islamabad: Pakistan Prime Minister Shehbaz Sharif sent a letter to the International Monetary Fund (IMF) requesting the lender of the last resort to send its review mission to the federal capital next week, media reports said.

IMF approves 3-bn-USD loan to Egypt

Cairo: The International Monetary Fund (IMF) said that its executive board has approved a loan to Egypt of about 3 billion US dollars over 46 months.

China’s stand may deprive Sri Lanka of USD 2.9 bn from IMF in early 2023: CPA chief

Colombo: Executive Director of the Centre of Policy Alternatives (CPA) Dr. Paikiasothy Saravanamuttu has said  China’s unwillingness to accept the proposed debt restructuring might deprive economic-crisis-hit Sri Lanka of the USD 2.9 billion credit facility, from the IMF.

Sri Lanka should have embraced IMF earlier: State Finance Minister

Colombo/UNI: Sri Lanka would not have landed in an economic mess if only previous governments had adhered to the agreements with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said in remarks published on Wednesday.

Pakistan facing severe liquidity crunch

Pakistan, a nation which is facing severe flooding in recent weeks, is reeling under a dollar liquidity crunch, media reports said.

Global economy: Outlook worsens as global recession looms – IMF

New York: Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest report released on Tuesday by the International Monetary Fund (IMF).

Pakistan Finance Minister Miftah Ismail says IMF unhappy with income tax move

Islamabad: Pakistan's Finance Minister Miftah Ismail has said that the International Monetary Fund (IMF) has expressed dissatisfaction over the country's budget, The News reported on Sunday.

Sri Lanka Economic Crisis: Govt announces default on all $51 billion debt

Colombo: Sri Lanka has run out of foreign exchange and its government on Tuesday announced that it will be defaulting on all its external debt $51 billion as a last resort to prevent further deterioration of its financial position.

Will be forced to approach IMF again if exports don't rise: PM Imran Khan

Islamabad/UNI: Pakistan Prime Minister Imran Khan said on Tuesday that his government will be forced to approach the Interna­tional Monetary Fund (IMF) again if the country’s exports did not increase sharply, Dawn reported on Wednesday.

IMF now defers Pakistan's 6th review to release $1 billion under fund facility

Islamabad: After receiving a request from the Pakistani government, the Executive Board of the International Monetary Fund (IMF) has postponed the consideration of completion of the Sixth Review and release of $1 billion tranche under the Extended Fund Facility (EFF) which was set for January 12.