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Thursday, February 25, 2021

IMF

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....

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....

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...

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...

China To Narrowly Avoid Recession In Virus-Hit 2020

SHANGHAI - China To Narrowly Avoid Recession In Virus-Hit 2020. The International Monetary Fund, on Tuesday, has forecasted that China is likely to narrowly avoid recession this year. Chinese economy is likely to bounce back strongly in 2021 if the coronavirus...

Eurozone Economy To Crash In 2020

BRUSSELS - Eurozone Economy To Crash In 2020. The International Monetary Fund IMF, on Tuesday, have drastically slashed its growth estimates for the eurozone. This comes as Coronavirus lockdowns decimated the European economy. According to details, IMF said the eurozone economy would...

Middle East Region To See Worst Economic Fall In Decades

DUBAI - Middle East Region To See Worst Economic Fall In Decades. The International Monetary Fund IMF, on Tuesday, said that the Middle East and North Africa economy will contract by 3.3 percent this year. This is the biggest...

IMF Warns Worst Economic Fallout Since The Great Depression

WASHINGTON - IMF Warns Worst Economic Fallout Since The Great Depression. Managing Director of International Monetary Fund, Kristalina Georgieva, on Thursday, said that the global coronavirus pandemic is causing an economic crisis unlike any other in the past century. According...

Coronavirus Expenses Not Included In Fiscal Deficit Target

ISLAMABAD - Coronavirus Expenses Not Included In Fiscal Deficit Target. Advisor to Prime Minister on Finance, Hafeez Shaikh has said that government expenses to combat the coronavirus outbreak will not be in the fiscal deficit target. According to details, Sheikh...

Policy Level Negotiations Between Pakistan & IMF

ISLAMABAD - Policy Level Negotiations Between Pakistan & IMF. After the conclusion of talks on technical issues, Pakistan will begin policy level negotiations with the International Monetary Fund. The talks wil start from next week, as Pakistan seeks third...
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Latest News

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,...
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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...

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)...

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...

Apple Launches New iPhone For Low-Budget Users

SAN FRANCISCO - Apple Launches New iPhone For Low-Budget Users. The tech giant Apple, on Wednesday, unveiled a new entry-level iPhone. It aims to appeal...