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.
Pakistan govt may impose more taxes to meet IMF targets
Pakistan's Advisor to Prime Minister on Finance and Revenue Shaukat Tarin recently hinted that more taxes may be imposed to meet the annual tax collection target after completion of talks with the International Monetary Fund (IMF).
IMF says its funds for Afghanistan is 'on hold'
The International Monetary Fund (IMF) recently announced a $650 billion Special Drawing Rights (SDR) allocation for member countries but Afghanistan, a nation now controlled by Taliban, will not be allowed to access the fund, media reports said.