BML 5.10 Increased By ▲ 0.09 (1.8%)
BOP 11.81 Decreased By ▼ -0.06 (-0.51%)
CNERGY 7.16 No Change ▼ 0.00 (0%)
CPHL 88.40 Decreased By ▼ -0.89 (-1%)
DCL 14.10 Increased By ▲ 0.29 (2.1%)
DGKC 168.19 Increased By ▲ 2.19 (1.32%)
FCCL 46.58 Increased By ▲ 0.23 (0.5%)
FFL 16.07 Increased By ▲ 0.09 (0.56%)
GCIL 27.88 Decreased By ▼ -0.57 (-2%)
HUBC 141.92 Decreased By ▼ -1.06 (-0.74%)
KEL 5.13 Decreased By ▼ -0.01 (-0.19%)
KOSM 6.34 Increased By ▲ 0.05 (0.79%)
LOTCHEM 21.43 Increased By ▲ 0.50 (2.39%)
MLCF 85.25 Increased By ▲ 0.62 (0.73%)
NBP 121.31 Increased By ▲ 1.04 (0.86%)
PAEL 42.88 Decreased By ▼ -0.42 (-0.97%)
PIAHCLA 21.16 Increased By ▲ 0.01 (0.05%)
PIBTL 9.07 Increased By ▲ 0.44 (5.1%)
POWER 13.85 Decreased By ▼ -0.16 (-1.14%)
PPL 172.67 Decreased By ▼ -0.83 (-0.48%)
PREMA 43.80 Decreased By ▼ -1.11 (-2.47%)
PRL 33.35 Increased By ▲ 0.18 (0.54%)
PTC 25.44 Increased By ▲ 1.43 (5.96%)
SNGP 120.69 Decreased By ▼ -0.40 (-0.33%)
SSGC 46.53 Increased By ▲ 0.58 (1.26%)
TELE 8.37 Increased By ▲ 0.32 (3.98%)
TPLP 10.72 Increased By ▲ 1.00 (10.29%)
TREET 23.81 Decreased By ▼ -0.48 (-1.98%)
TRG 57.94 Decreased By ▼ -0.49 (-0.84%)
WTL 1.60 Increased By ▲ 0.05 (3.23%)
BR100 13,549 Increased By 1.7 (0.01%)
BR30 39,814 Increased By 71.2 (0.18%)
KSE100 133,403 Increased By 33 (0.02%)
KSE30 40,651 Decreased By -53.9 (-0.13%)

BENGALURU: US Treasury Secretary Janet Yellen stepped up calls on Thursday for increased financial support for Ukraine to help it battle the year-old Russian invasion as the United States readies an additional $10 billion in economic assistance.

Yellen, speaking at a news conference in India on the eve of the first anniversary of Russia’s invasion, said it was critical for the International Monetary Fund to “move swiftly” towards a fully financed loan programme for Ukraine.

“As President Biden has said, we will stand with Ukraine in its fight – for as long as it takes,” she said. “Continued, robust support for Ukraine will be a major topic of discussion during my time here in India.”

Yellen is to join other finance ministers and heads of central banks from the Group of 20 nations on Friday for a meeting at a resort near the tech hub of Bengaluru. It is the first major meeting of India’s year-long presidency of the bloc, which includes wealthy G7 democracies as well as Russia, China, Brazil and Saudi Arabia.

In a joint statement, the G7 finance ministers said the bloc hoped Ukraine and the IMF could agree on a loan programme by March, adding that they had increased financial aid for Ukraine for this year to $39 billion. German Finance Minister Christian Lindner said his country was already supporting Ukraine and now other nations had to do their part.

Comments

Comments are closed.