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Russia Urges BRICS To Create Alternative To IMF And World Bank Amid Sanctions

11 Oct 2024

Ahead of the upcoming BRICS summit, Russia has urged its partners within the bloc to establish an alternative financial institution aimed at reducing reliance on Western-controlled financial bodies. The proposal, put forward by Russian Finance Minister Anton Siluanov, was discussed at a meeting of BRICS finance and central bank officials...

Pakistan’s Economic Boost: Financial Aid From China, UAE, Saudi

27 Sep 2024

Pakistan has secured substantial financial backing from China, Saudi Arabia, and the United Arab Emirates as part of a recent arrangement with the International Monetary Fund (IMF). According to an IMF official, this support extends beyond the $12 billion in bilateral loans that Islamabad already owes these nations. Financial Assurances...

European Nations Protest IMF’s Plan To Reopen Dialogue With Russia

14 Sep 2024

On Friday, finance ministers from nine European countries—Lithuania, Latvia, Estonia, Finland, Sweden, Iceland, Denmark, Norway, and Poland—voiced strong objections to the International Monetary Fund’s (IMF) plans to resume missions to Russia. They conveyed their dissatisfaction in a letter to IMF Managing Director Kristalina Georgieva, arguing that such a move could...

74% Of Pakistanis Struggle With Expenses; 10% Taking On Multiple Jobs, Report Finds

10 Aug 2024

Amid economic distress, the financial difficulties faced by urban Pakistani households have soared by 14 per cent over the past year. As a result, a staggering 74 per cent of the urban population in the country is unable to meet their monthly expenses with their current income, ARY News reported....

Pakistan Struggles With IMF Deal Amid Escalating Political Pressures

21 Jul 2024

The current fiscal year's tax-laden budget and the Supreme Court's ruling on reserved seats have shifted the focus of politics to the economy, further posing doubts over Pakistan's ability to meet the new International Monetary Fund (IMF) conditions for a USD 7 billion loan, reported Dawn. A senior researcher said,...

Pakistan Nears $6 Billion IMF Bailout Deal Amidst Budget Challenges

03 Jul 2024

Pakistan has successfully met all requirements set by the International Monetary Fund (IMF) in its annual budget, aiming to secure a bailout package exceeding $6 billion to stabilize its economy and avert a financial crisis. The ambitious revenue targets set in the budget are seen as crucial in gaining IMF...

Pakistan Grapples With Surging Inflation And Growing Wage Inequality

30 Apr 2024

Pakistan is currently grappling with its highest inflation rate in nearly half a century. In recent months, inflation has surged to as high as 38 percent, marking the highest rate in South Asia. Food inflation has spiked to 48 percent, hitting its highest level since 2016, as per Dawn's report....

IMF Gives Nod To Last $1.1 Billion Installment For Pakistan’s Bailout Deal

30 Apr 2024

The International Monetary Fund's (IMF) executive board has given approval for a USD 1.1 billion loan tranche for Pakistan, marking the conclusion of the second bailout package, as reported by Media. This latest funding constitutes the third and final installment of a USD 3 billion standby arrangement with the IMF....

Pakistan Tehreek-e-Insaf’s Founder Imran Khan declared As “Certified Liar”

21 Mar 2024

Pakistan's Minister for Information and Broadcasting, Ata Tarar, recently made strong statements regarding Pakistan Tehreek-e-Insaf's (PTI) founder, Imran Khan, following revelations made during a US Congressional hearing. According to a report by ARY News, Tarar stated that Imran Khan was labeled a "certified liar" during the hearing, exposing what Tarar...

Nirmala Sitharaman, World Bank chief discuss empowering women leaders

14 Apr 2023

Union Minister Nirmala Sitharaman took part in a panel discussion on 'Empowering Women as Entrepreneurs and Leaders' in Washington DC on Thursday (local time). The panelists included World Bank Group President David Malpass and Goldman Sachs CEO David Solomon. During the IMF/World Bank Spring meetings, Sitharaman, who is on a...

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international monetary fund

Russia Urges BRICS To Create Alternative To IMF And World Bank Amid Sanctions

Pakistan’s Economic Boost: Financial Aid From China, UAE, Saudi

European Nations Protest IMF’s Plan To Reopen Dialogue With Russia

74% Of Pakistanis Struggle With Expenses; 10% Taking On Multiple Jobs, Report Finds

Pakistan Struggles With IMF Deal Amid Escalating Political Pressures

Pakistan Nears $6 Billion IMF Bailout Deal Amidst Budget Challenges

Pakistan Grapples With Surging Inflation And Growing Wage Inequality

IMF Gives Nod To Last $1.1 Billion Installment For Pakistan’s Bailout Deal

Pakistan Tehreek-e-Insaf’s Founder Imran Khan declared As “Certified Liar”

Nirmala Sitharaman, World Bank chief discuss empowering women leaders

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