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Tag: IMF

South Asia/Southeast Asia/China

The IMF has approved $1 billion loan for Pakistan

May 10, 2025May 10, 2025 - by cmedia

#International Monetary Fund# IMF# Pakistan# India Washington DC/IBNS_CMEDIA: The International Monetary Fund (IMF) has approved a loan of $1 billion to Pakistan, which is currently engaged in an unprovoked conflict …

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Finance/Business

India to become the world’s fourth largest economy this year

May 6, 2025May 6, 2025 - by cmedia

#India # IMF # GDP # World Economy IBNS-CMEDIA: India is set to overtake Japan as the fourth-largest economy in the world in 2025, as per the latest data shared by the International Monetary …

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News / US

New York city paying $220 million to Pakistan govt-owned Roosevelt hotel, says Vivek Ramaswamy

December 2, 2024December 2, 2024 - by cmedia

#VivekRamaswamy, #NewYork, #RooseveltHotel, #Pakistan, #IMF, #IllegalImmigrants New York/IBNS-CMEDIA: The City of New York is reportedly paying $220 million to rent the Roosevelt Hotel, owned by the Government of Pakistan, to house illegal immigrants. This news, which …

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South Asia/Southeast Asia/China

Debt-ridden Pakistan decides to privatise all state-run enterprises, except strategic ones, says reports

May 14, 2024May 14, 2024 - by cmedia

#Pakistan, #Privatisation, #PakistanEconomy, #IMF, #Economy Islamabad/IBNS-CMEDIA: : Debt-ridden Pakistan has decided to privatise all state-run enterprises, except strategic ones, broadening its earlier decision to offload stakes only in loss-making companies, media reports said. This …

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South Asia/Southeast Asia/China

IMF permits disbursement of 700 mln USD to economic-crisis-hit Pakistan

January 12, 2024January 12, 2024 - by cmedia

#Pakistan, #PakistanEconomy, #IMF IBNS: The Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan’s economic reform program supported by the IMF’s Stand-By Arrangement (SBA), allowing for an …

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South Asia/Southeast Asia/China

International Monetary Fund approves $3 billion bailout package for Pakistan

July 13, 2023July 13, 2023 - by cmedia

#Pakistan, #IMF, #BailoutPackage Islamabad/IBNS: The board of the International Monetary Fund (IMF) has approved a $3 billion bailout package for Pakistan, Reuters reported. As part of this program, approximately $1.2 billion will …

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Health / South Asia

Pak’s economic crisis impacts healthcare due to shortage of essential medicines

February 26, 2023February 26, 2023 - by cmedia

Islamabad/IBNS: The healthcare system in Pakistan has been severely impacted by the ongoing economic crisis, leaving patients in a difficult situation as they grapple to get essential medicines, media reports …

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Canada / Finance/Business

Bank of Canada releases details on interest rate decision in response to IMF’s recommendations

February 9, 2023February 9, 2023 - by cmedia

Toronto/CMEDIA: The Bank of Canada released on Wedneaday a summary of meetings of its Governing Council  made up of six members including Bank of Canada Governor Tiff Macklem and his deputies …

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US

US Representative leads bill in support of Taiwan’s participation in IMF

January 31, 2023 - by cmedia

Washington/IBNS: As first reported in POLITICO, U.S. Representative Young Kim (CA-40), who serves on the House Financial Services Committee and House Foreign Affairs Committee, recently introduced the Taiwan Non-Discrimination Act …

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South Asia

Pakistan’s currency recedes to a record low after govt ends control

January 26, 2023 - by cmedia

Islamabad/IBNS: Pakistan’s currency Thursday fell to a record low of Rs 255 against the US dollar, according to local media reports. The drop comes after Prime Minister Shehbaz Sharif-led coalition …

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