Imf

IMF Dissatisfied With Pakistan's Fiscal Policies: Reports

World News | Press Trust of India | Tuesday November 13, 2018

The IMF has expressed dissatisfaction at the current state of Pakistan's tax collection as the cash-strapped government sought a bailout package of up to $6 billion from the multilateral lender to overcome the economic challenges, media reports said today. The cash-strapped Pakistani government led by Prime Minister Imran Khan is facing grave econo...

IMF Not Changing Saudi Recovery Forecast Over Khashoggi: Senior Official

World News | Reuters | Tuesday November 13, 2018

The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said.

Forex Reserves Jump By Over $1 Billion To $393 Billion In A Week

Business | Press Trust of India | Friday November 9, 2018

Total reserves had dropped by $1.444 billion to $392.078 billion for the previous reporting week. After a long gap, gold reserves rose by $366.5 million to $20.888 billion, according to the latest RBI data.

China Expected To Give $6 Billion Aid To Pakistan Amid Crisis: Report

World News | Press Trust of India | Friday November 2, 2018

China on Friday reportedly agreed to provide USD 6 billion in aid to cash-strapped Pakistan to minimise its dependence on an IMF bailout package as Prime Minister Imran Khan on a maiden visit held talks with Chinese President Xi Jinping.

Project Through PoK, IMF Bailout Tops Agenda As Imran Khan Reaches China

World News | Press Trust of India | Friday November 2, 2018

Imran Khan arrived in Beijing today in what is termed as the most significant visit to China by a Pakistani Prime Minister in recent years as the all-weather allies grapple to iron out differences over the multi-billion dollar so-called 'China-Pakistan Economic Corridor' or 'CPEC'. The two nations will also discuss financial aid for Pakistan. Islam...

RBI Row: IMF Against Government Interference Of Any Kind In Central Banks

India News | Press Trust of India | Friday November 2, 2018

The International Monetary Fund or IMF said today that it was closely monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to any move that compromises the independence of central banks anywhere in the world.

Tata Trusts Clarify Ratan Tata Did Not Meet UK Prime Minister Theresa May

World News | Reuters | Wednesday October 24, 2018

Ratan Tata, patriarch of the Indian Tata family, did not meet Prime Minister Theresa May a few weeks ago, Tata Trusts said in a statement, after a government source told Reuters last week that the pair and business minister Greg Clark had recently met."The Tata Trusts clarify that Mr. Ratan N. Tata did not have any meetings with the Prime Minister ...

Saudi's $6 Billion Help Will Relieve Pressure On Pakistan Government

World News | Press Trust of India | Wednesday October 24, 2018

Saudi Arabia's $6 billion assistance package of loans and deferred payments to Pakistan will immediately relieve pressure on the cash-strapped government and improve its negotiating position during the tough bailout negotiations with the IMF, media reports said today. In the deal announced on Tuesday after Prime Minister Imran Khan called on Saudi ...

Pakistan To Seek IMF Bailout Despite $6 Billion Rescue Package From Saudi

World News | Reuters | Wednesday October 24, 2018

Pakistan still plans to seek a bailout from the International Monetary Fund (IMF) despite Saudi Arabia agreeing to offer a $6 billion rescue package, Pakistan's finance ministry said on Wednesday.

Saudi Arabia Offers $6 Billion To Pakistan Amid Economic Crisis

World News | Reuters | Wednesday October 24, 2018

Saudi Arabia has agreed to give Pakistan $6 billion in foreign currency support for a year and a further loan worth up to $6 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan's government said on Tuesday.

Will Reach Out To India Again After 2019 Elections, Says Imran Khan

India News | Reuters | Tuesday October 23, 2018

Pakistan is hoping to resume efforts to improve ties with India after the national elections in India next year, the country's Prime Minister Imran Khan said on Tuesday.

May Not Want Bailout, We're Seeking Help From "Friendly Counties": Pak PM

World News | Press Trust of India | Friday October 19, 2018

Pakistan may not have to approach the IMF for loans as it has received "positive" responses from some "friendly countries", Prime Minister Imran Khan has said, days after Islamabad formally approached the global lender for a bailout to tide over the economic crisis.

As Pak Negotiates IMF Bailout, China Says More Corridor Projects Planned

World News | Press Trust of India | Tuesday October 16, 2018

China on Tuesday said there will be more projects planned under the $60 billion China-Pakistan Economic Corridor or CPEC project amid concerns over Pakistan's rising debt and a bailout move by the global lender IMF.

As Pak Calls On IMF For Bailout, China Has Advice For Global Lender

World News | Press Trust of India | Monday October 15, 2018

China today said the global lender IMF should "objectively and professionally" evaluate its planned investments in Pakistan to ensure that any financial package does not affect close ties between Beijing and Islamabad. Cash-strapped Pakistan has approached the International Monetary Fund or IMF for a bailout, and has agreed to share the details of ...

Ready To Share Debt Details Of China Trade Corridor With IMF, Says Pak

World News | Press Trust of India | Sunday October 14, 2018

Pakistan is ready to share details of the debt related to the China-Pakistan Economic Corridor (CPEC) with the IMF, Finance Minister Asad Umar has said while rejecting the US' view that China-funded projects were to blame for the cash-strapped country's current economic woes.