Page 36 - Imf

Cash starved Pakistan spends big on military despite financial meltdown

Karachi-based newspaper Dawn said that defence expenditure is budgeted at Rs 1,523 billion, which makes up 17.5 per cent of the total current expenditure

IMF still has concerns over Pakistan's budget, says finance minister

Pakistan's finance minister has asserted that the International Monetary Fund is concerned regarding the recently released Pakistani budget. However the govt is trying to pacify them in the best way

Ukraine war: IMF says is concerned by food, fertilizer export restrictions

It welcomed India's decision recently to relax its originally announced ban on wheat exports, and allow some shipments to proceed

India among 12 economies on currency Monitoring List' of US treasury

According to the report, India (with $569.9 billion) has the fourth largest foreign exchange after China ($3.2 trillion), Japan ($1.2 trillion) and Switzerland ($1 trillion)

IMF hopes to mobilise as much funding as possible to help Ukraine

The Kyiv School of Economics estimated in late May that the physical infrastructure damage already exceeded $105 billion

IMF asks Pak to renegotiate CPEC energy deals before making payments: Rpt

As of now Pakistan has repeatedly been seeking international aid to support its failing economy

Only India providing money, says Lankan PM; urges IMF to 'expedite' bailout

Prime Minister Wickremesinghe said that he has urged IMF chief Georgieva to "expedite" its assistance to Lanka and underlined that no country except India is providing money to the nation for fuel.

LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day

For the past five days, Kerala has been reporting over 1,000 coronavirus cases each day and a total of 48 Covid-related deaths

Crisis-hit Sri Lanka cannot use $1.5-bn China help on IMF concerns

India - creditor and neighbour to Sri Lanka - wants the IMF to treat China on par with other creditors.

Moody's downgrades cash-strapped Pakistan's outlook from stable to negative

The Moody's report added that the country's 'weak institutions and governance strength' had added uncertainty around the future direction of macroeconomic policy

Crisis-hit Sri Lanka seeks to secure around $5 billion for import payments

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April

China agrees to refinance Pakistan with $2.3-bn funding: FM Ismail

"Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves," he added.

Sri Lankan PM Wickremesinghe hopeful of IMF assistance by June end

Wickremesinghe said the government was targeting $ 5 billion this year for repayments, plus a further $ 1 billion to bolster the country's reserves.

IMF may lower India's GDP growth projection for 2022 to below 8.2%

The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April

Tunisia announces measures to cut public sector pay to unlock IMF loan

The Tunisian government has proposed urgent measures to cut the public sector pay in a bid to unlock a loan from IMF

Amid financial crisis, Pakistani rupee set to see worst month in 2 years

The Pakistani rupee has declined about 7% in May, the steepest drop since March 2020, as the country negotiates a bailout package with the IMF and other nations to keep its economy afloat

World Bank to disburse $700 mn to Lanka, re-purpose existing loans: Report

Sri Lanka is nearing bankruptcy and has severe shortages of essentials from food, fuel, medicines and cooking gas.

Pakistan, IMF likely to reach agreement in June, says finance minister

The government is also aiming to boost the country's foreign exchange reserves by USD 5 billion to USD 15 billion next year

Sri Lanka looks to rely more on India's help until IMF funding agreed

Sri Lanka has been plagued by shortages of necessities, power cuts, and rampant inflation, which has triggered calls for the ouster of President Gotabaya Rajapaksa

Pakistan raises fuel prices to meet key condition for IMF bailout

Pakistan raised the cost of gasoline and diesel by 30 rupees a liter each, Finance Minister Miftah Ismail said in a Twitter post