IMF poised to release $70 million in funding for Niger WASHINGTON: The International Monetary Fund said Saturday it had reached a preliminary agreement with Niger on... Published 02 Jun, 2024 11:06am
Pakistan Pakistan farmers pin poor mango crop on climate change TANDO ALLAHYAR: Pakistan’s mangoes are normally a source of national pride and much-needed income, but farmers are... Published 31 May, 2024 01:44pm
World Sri Lanka holds rates to manage inflation, foster economic stability COLOMBO: Sri Lanka’s central bank held interest rates steady on Tuesday to ensure inflation pressures remain in... Published 28 May, 2024 11:01am
World IMF maintains Nigeria growth forecast at 3.3% for 2024 ABUJA: The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria’s economy for... Published 09 May, 2024 07:47pm
Pakistan PSO proposes swapping debt for stake in public sector companies Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against PSO’s receivables, says CEO Syed Muhammad Taha Updated 09 May, 2024 10:28pm
Business & Finance Majority stake in PIA: not yet bidders, clarifies Arif Habib Corp in PSX notice Arif Habib Corporation Limited (AHCL), one of Pakistan’s leading business groups, clarified that submitting an... Updated 09 May, 2024 09:19pm
Business & Finance Asia Pacific economies headed for ‘soft landing’, says IMF SINGAPORE: Rapid disinflation and resilient growth will help Asia Pacific achieve a “soft landing” even though... Published 30 Apr, 2024 10:51am
World IMF revises down Mideast growth outlook on war, trade disruptions DUBAI: The International Monetary Fund said on Thursday Middle East economies would grow at a slower pace this year... Published 19 Apr, 2024 06:47pm
World IMF ready to support Sri Lanka’s discussions with bondholders COLOMBO: The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international... Published 18 Apr, 2024 11:08am
World IMF raises 2024 GDP growth forecast for Spain to 1.9% from 1.5% MADRID: The International Monetary Fund raised its forecast for Spain’s economic growth this year to 1.9% from 1.5%... Published 12 Apr, 2024 06:42pm
World World Bank chief pushes internal reforms at spring meetings WASHINGTON: World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements... Updated 12 Apr, 2024 11:10pm
World IMF chief sees inflation dropping further in 2024, not yet fully defeated Will create conditions for central banks in major advanced economies to begin cutting rates in the second half of the year, she says Updated 12 Apr, 2024 09:27am
World IMF calls for ‘strong financial sector reforms’ in Switzerland BERN: Switzerland needs “strong financial sector reforms” in the wake of the state-engineered rescue takeover of... Published 28 Mar, 2024 05:51pm
Business & Finance Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth COLOMBO: Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as... Published 26 Mar, 2024 10:51am
World Sri Lankan prime minister arrives in China for state visit BEIJING: Sri Lankan Prime Minister Dinesh Gunawardena arrived in China Monday for a visit during which he will meet... Published 25 Mar, 2024 02:27pm
World China could grow faster with pro-market reforms, IMF managing director says BEIJING: With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo... Updated 24 Mar, 2024 09:29pm
World Treasury’s Yellen says funding bill allows lending of $21bn to IMF trust WASHINGTON: A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion... Published 23 Mar, 2024 01:16pm
Business & Finance IMF’s Georgieva urges central bank independence amid election-year rate-cut pressures WASHINGTON: International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that central banks... Published 21 Mar, 2024 03:23pm
Pakistan IMF team arriving in Pakistan for bailout review, sources say ISLAMABAD: An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last... Published 13 Mar, 2024 12:36pm
Business & Finance EU Finance Ministers back Georgieva for second term at IMF BRUSSELS: European Union Finance Ministers supported on Tuesday International Monetary Fund Managing Director... Published 12 Mar, 2024 02:31pm
World Germany backs Georgieva for second term as IMF chief FRANKFURT: Germany, Europe’s largest economy, voiced its backing Monday for a second term for International Monetary... Published 11 Mar, 2024 05:26pm
Business & Finance Larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal account, IMF says CAIRO: The International Monetary Fund said on Sunday that larger declines in oil prices or extended OPEC+ cuts... Published 03 Mar, 2024 01:32pm
Pakistan Pakistan’s next finance minister: race heats up with several names being reported ISLAMABAD: Pakistan’s newly-formed ruling alliance is yet to finalise its finance minister, the person who has to... Updated 01 Mar, 2024 08:26pm
Pakistan China rolls over $2bn loan to Pakistan, says caretaker finance minister ISLAMABAD: China has rolled over a $2-billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed... Updated 29 Feb, 2024 11:13pm
Pakistan In letter to IMF, PTI urges lender to consider Pakistan’s ‘political instability’ in talks: report Pakistan is currently enrolled in a $3-billion Stand-By Arrangement with the IMF with one review pending Updated 28 Feb, 2024 10:29pm
World IMF chief Georgieva says focused on job at hand, not future role SAO PAULO: With just seven months to go in Kristalina Georgieva’s five-year term as head of the International... Published 28 Feb, 2024 12:05pm
Business & Finance Yellen says global economy remains resilient, lauds US as growth driver SAO PAULO: Strong US economic growth has been a “key driver” of better than expected global growth, US Treasury... Published 27 Feb, 2024 10:36am
Markets Rupee slips marginally against US dollar Currency settles at 279.36 against US dollar in inter-bank market Updated 23 Feb, 2024 06:32pm
Markets IMF refrains from commenting on Imran Khan’s ‘letter’, says keen on working with new govt Lender says caretaker authorities 'have maintained economic stability' Updated 23 Feb, 2024 10:49pm
World IMF approves $880 million for Ukraine WASHINGTON: The International Monetary Fund said Thursday it will disburse $880 million to Ukraine in the third... Published 23 Feb, 2024 09:47am