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Pakistani rupee falls as market removes artificial cap

25 Jan 2023

The Pakistani rupee weakened by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, saying it caused “artificial” distortions for an economy in desperate need of...

IMF chief expects to keep 2023 global growth forecast steady

15 Jan 2023

The International Monetary Fund is not likely to downgrade its forecast for 2.7 per cent growth in 2023, the head of the global lender said, noting that a feared oil...

Pakistan to take fiscal measures set by IMF to meet budgetary targets: Minister

11 Jan 2023

Pakistan will take fiscal measures set by the International Monetary Fund (IMF) to meet its budgetary targets for the 2022-23 financial year, Finance Minister Ishaq Dar said on Wednesday....

Pakistan’s finance minister to meet IMF in Geneva

08 Jan 2023

An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva, a spokesperson of the lender said on Sunday, as Pakistan struggles...

IMF approves $3 billion support package for Egypt

17 Dec 2022

The International Monetary Fund (IMF) has approved a deal that will provide a $3 billion support package to Egypt over a period of almost four years, with the agreement expected...

Pakistan expects multibillion-dollar support package from Saudi Arabia

12 Dec 2022

Pakistan will likely secure a multibillion-dollar financial support package from long-time ally Saudi Arabia this month, two sources said, as the country's ninth review of a $7 billion IMF...

China’s zero-Covid policy shift will revive global growth: IMF

09 Dec 2022

Global economic leaders on Friday hailed China’s move away from its hardline zero-Covid policy, with the IMF chief saying the “decisive actions” would help revive growth both in the country...

IMF can’t dictate Pakistan, says FM

03 Dec 2022

At a time when Pakistan, under the current coalition government of Prime Minister Shehbaz Sharif, is facing a towering challenge of reviving its economic and financial conditions and prevent from...

IMF’s Georgieva flags inflation, China slowdown as risks to Asia

02 Dec 2022

International Monetary Fund (IMF) Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook, calling on policymakers to rebuild their buffers against...

IMF head urges China to end mass lockdowns

29 Nov 2022

It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread...

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