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    IMF in preliminary agreement with Sri Lanka for $2.9 billion loan

    IMF in preliminary agreement with Sri Lanka for $2.9 billion loan

    01 Sep 2022

    Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the international lender said in a statement on...

    Floods, water-related disasters could cost global economy $5.6tr

    Floods, water-related disasters could cost global economy $5.6tr

    29 Aug 2022

    Tariq Butt/ Agencies Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to...

    Pakistan eyes IMF board crucial meeting on bailout package today

    Pakistan eyes IMF board crucial meeting on bailout package today

    29 Aug 2022

    Pakistan is eyeing an important and crucial meeting of the executive board of the International Monetary Fund (IMF), which is to be held on Monday to take a decision on...

    Pakistan central bank holds rates at 15%, to closely watch inflation

    Pakistan central bank holds rates at 15%, to closely watch inflation

    22 Aug 2022

    Pakistan’s central bank on Monday held its main policy rate at 15%, the bank said in a statement, adding it would closely watch inflation data and global commodity prices. “Looking...

    IMF fees on war-torn countries closer to elimination

    IMF fees on war-torn countries closer to elimination

    20 Aug 2022

    The International Monetary Fund is facing pressure to reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine - which is one of the...

    No other option except IMF to avoid default, says Pak minister

    No other option except IMF to avoid default, says Pak minister

    05 Aug 2022

    Federal Finance Minister Miftah Ismail on Friday admitted that Pakistan was close to default when they took power, adding that they had few options other than to go to...

    Nepal governor sees no need for IMF loan as earnings rise

    Nepal governor sees no need for IMF loan as earnings rise

    01 Aug 2022

    Nepal sees no need to approach the International Monetary Fund (IMF) for a fresh loan as pressure on foreign exchange reserves is easing after a pick up in tourism, its...

    Not army chief's job to seek US help in securing IMF loan: Imran

    Not army chief's job to seek US help in securing IMF loan: Imran

    30 Jul 2022

    Tariq Butt, Correspondent Former prime minister and Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan has said that if the news about Chief of Army Staff General Qamar Javed Bajwa contacting...

    Pakistan’s financing needs fully met for this year, says CB chief

    Pakistan’s financing needs fully met for this year, says CB chief

    23 Jul 2022

    Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will...

    Minister blames 'political turmoil' as Pakistani rupee falls record low against US dollar

    Minister blames 'political turmoil' as Pakistani rupee falls record low against US dollar

    20 Jul 2022

    Tariq Butt / Reuters Pakistan's Finance Minister Miftah Ismail on Wednesday blamed the rupee's slide on political turmoil, saying he expects market jitters over the currency's sharp decline to...

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