Higher public spending will push Saudi Arabia’s budget deficit to 7 per cent of gross domestic product (GDP) this year, the International Monetary Fund (IMF) said, a forecast well above the government’s own projection. The IMF’s forecast assumes that Saudi oil output will average 10.2 million barrels a day and oil prices
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
Ukraine passed similar legislation in 2015, clearing the way for bailout loans from the IMF, but the constitutional court overturned that bill in February on the grounds that it
Prime Minister Imran Khan has taken parliamentarians of the ruling Pakistan Tehreek-i-Insaf (PTI) and its allies into confidence on the $6 billion bailout package finalised with the International Monetary Fund (IMF) and overall economic policies of the government.
Policymakers from the Group of 20 industrialised countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.
ISLAMABAD: Labour leader and opposition leader in the British House of Commons Jeremy Corbyn has expressed reservations at the deal signed by Pakistan government with the International Monetary Fund (IMF), saying that such agreements don’t benefit ordinary people, according to a report.
Minister of State for Revenue Hammad Azhar on Thursday said that talks with International Monetary Fund (IMF) are at the final stage and its details would soon be shared with the parliament. The senate was informed that remittances this year will increase to $22 billion breaking the stagnant mode of the previous years.
Pakistan has reached an “agreement in principle” with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a Pakistani minister said on Monday. The long-delayed rescue package would be Pakistan’s 13th IMF bailout programme
The government has stated that its reform agenda signed with International Monetary Fund (IMF) is on track and the progress so far on nearly all the performance and structural benchmarks for first quarter of the current fiscal year
The International Monetary Fund (IMF) has indicated that global trade expanded by merely 0.5% in the first quarter of 2019, marking the slowest year-on-year pace of growth since 2012. This certainly comes as disturbing news as there are also signals that a more significant slowdown is possible.