WASHINGTON — India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country’s macroeconomic fundamentals are good. “India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, […]
ISLAMABAD — The International Monetary Fund (IMF) has urged Pakistan to invest one per cent of its GDP annually — equivalent to over Rs 1.24 trillion based on current estimates — in climate resilience and adaptation reforms to prepare for recurring extreme weather events, particularly floods, a media report said on Thursday. In a special […]
ISLAMABAD — Pakistan has paid more than USD 3.6 billion in interest on loans to the International Monetary Fund (IMF) in the last 40 years, the finance ministry of the cash-strapped government has informed Parliament. This was revealed by the government during a meeting of the Senate’s Standing Committee on Economic Affairs on Thursday at […]
ISLAMABAD — Ahead of the next month’s elections, the IMF on Thursday approved a USD 700 million loan tranche for cash-strapped Pakistan under an existing USD 3 billion bailout package after completing its first review of the country’s economic reform programme. The Ministry of Finance announced the completion of the first review by the Executive […]