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IMF
‘Skyrocketing public debt’: Maldives at ‘high risk’ of external and overall debt distress, says IMF
"Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress", the IMF stated in its report.
Pakistan receives $700 million from International Monetary Fund as part of bailout programme after govt implemented IMF-prescribed measures
ANI -
Under the bailout deal, the IMF also got Pakistan to raise USD 1.34 billion in new taxation to meet fiscal adjustments
IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24
ANI -
The current account deficit is anticipated to improve to 1.8 per cent of GDP in FY2023/24, supported by resilient services exports and lower oil import costs.
India to account for 18% of global growth by 2028, says IMF; Here’s how India has economically grown stronger after 2014
IMF said that India’s GDP is projected to grow by 6.3 per cent in the current fiscal year, up by 20 basis points from it’s last forecast in July
Pakistan’s economy hits rock bottom, but President Alvi focuses on increasing his salary, complains that Chief Justice is getting more
Pakistan's President is seeking a salary rise when the country is seeing its economy hit a historic low.
Cash-Strapped Pakistan signs concession agreement with UAE-based company to lease out berths in Karachi Port for 50 years
Pakistan leases a part of Karachi port to UAE's company AD Ports group for $220 million deal.
China will save Pakistan from bankruptcy, Imran Khan to blame for the current financial crisis: Pakistan PM Shehbaz Sharif
Pakistan PM Shehbaz Sharif stated that China has shown its support for Pakistan's growth by rolling over its commercial debt.
Pakistan’s economic growth rate plummets to 0.3 percent under the Shehbaz Sharif government
ANI -
The government has inflicted heavy losses on the economy by devaluing the rupee and increasing the utility prices in the hope of getting a deal from the International Monetary Fund (IMF).
Amid deepening economic crisis, Pakistan hikes luxury import tax to secure IMF deal
In an effort to secure IMF deal, Pakistan hiked taxes on a number of luxury goods and upscale services.
IMF forces bankrupt Pakistan to increase taxes drastically in order to secure a financial bailout
The stringent terms needed for a desperately needed financial bailout by the International Monetary Fund (IMF) have pushed the ruling coalition led by PM Shehbaz Sharif to impose greater tax rates, contributing to the already heavy burden on the Pakistani populace.
