Africa To Get $57 Billion From Official Creditors In 2020

Africa To Get $57 Billion From Official Creditors In 2020

WASHINGTON – Africa To Get $57 Billion From Official Creditors In 2020. The International Monetary Fund and World Bank, on Friday, said that official creditors will give up to $57 billion in loans and grants for Africa in 2020. This will be to aid the continent’s response and recovery from the coronavirus pandemic. According to…

PM Khan Welcomes Global Debt Relief Efforts By G20
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PM Khan Welcomes Global Debt Relief Efforts By G20

ISLAMABAD – PM Khan Welcomes Global Debt Relief Efforts By G20. Prime Minister Imran Khan, on Thursday, appreciated the debt relief measures taken by the world community. This includes the G20 countries, International Monetary Fund and the World Bank. The debt relief is for the developing countries including Pakistan. According to details, a PM Office…

Pakistani Steel Manufacturers To Operate in North America

Pakistani Steel Manufacturers To Operate in North America

ISLAMABAD – Pakistani Steel Manufacturers To Operate in North America. The State Bank of Pakistan SBP, on Friday, has allowed International Industries Limited (ILL) to operate in North America. ILL is one of Pakistan’s largest steel manufacturers. According to details, IIL will be able to operate in North America to promote, market and sell the company’s…

UN Warns Thousands Of Child Deaths Due To Economic Downturn

UN Warns Thousands Of Child Deaths Due To Economic Downturn

NEW YORK – UN Warns Thousands Of Child Deaths Due To Economic Downturn. The United Nations, on Thursday, warned that hundreds of thousands of children could die this year due to the global economic downturn sparked by the coronavirus pandemic. Along with that, tens of millions more could fall into extreme poverty as a result…

US and China Call For Mutual Cooperation Amidst Pandemic

US and China Call For Mutual Cooperation Amidst Pandemic

WASHINGTON – US and China Call For Mutual Cooperation Amidst Pandemic. US Secretary of State, Mike Pompeo and a top Chinese official Yang Jiechi, on Wednesday called for mutual coronavirus cooperation. This can be a signal for putting a lid on the economic hostility between the two great economies. According to details, Pompeo pushed for full…

Putin Believes Russia And US Should Work Together During Pandemic

Putin Believes Russia And US Should Work Together During Pandemic

MOSCOW – Putin Believes Russia And US Should Work Together During Pandemic. Russian President Vladimir Putin, on Thursday, said that the global coronavirus pandemic is an opportunity for Russia to work together with the United States. According to details, Kremlin spokesperson Dmitry Peskov told reporters about this. He said that President Putin believes this pandemic is…

IMF In Favour Of Extension In Post-Brexit Talks

IMF In Favour Of Extension In Post-Brexit Talks

LONDON – IMF In Favour Of Extension In Post-Brexit Talks. IMF head Kristalina Georgieva, on Thursday, suggested that Britain and EU should extend their deadline on post-Brexit deal in the face of coronavirus uncertainty. According to details, the head of the International Monetary Fund warned the global economy faced its worst recession in a century…

IMF Considers Pakistan’s Request For Additional Funds
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IMF Considers Pakistan’s Request For Additional Funds

WASHINGTON DC – IMF Considers Pakistan’s Request For Additional Funds. The International Monetary Fund (IMF) will consider Pakistan’s request for a $1.4 billion loan under Rapid Financing Instrument (RFI). According to details, IMF’s executive board will meet today to consider Pakistan’s request. The RFI has will deal with the economic turmoil in the wake of coronavirus. Government…

UN Supports Imran Khan’s Global Initiative On Debt Relief

UN Supports Imran Khan’s Global Initiative On Debt Relief

NEW YORK – UN Supports Imran Khan’s Global Initiative On Debt Relief. UN Secretary-General Antonio Guterres has supported Prime Minister Imran Khan’s call for a global initiative on debt relief. The call is to provide debt relief for the developing countries in wake of economic meltdown generated by the coronavirus pandemic.  According to details, spokesman…