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The IMF has pressed Pakistan to improve tax revenue collection and bolster foreign currency reserves. (Photo:AP)

Pakistan likely to secure IMF bailout to stave off monetary crisis

Talks with the IMF began soon after Imran Khan's government was appointed but a package has been held up since.

12 Feb 2019 11:30 AM

The powerful heir to the oil-rich kingdom is expected to arrive in Pakistan this week. (File Photo)

5 Trucks carrying Mohammed Bin Salman's personal amenities reach Pakistan

The Crown Prince's belongings, including his exercise equipment and furniture, reached Islamabad in five trucks.

12 Feb 2019 11:02 AM

India to grow at a faster pace; could be second-largest economy by 2030: PM

India has shown tremendous resilience as an anchor of the world economy, says PM Modi.

11 Feb 2019 12:32 PM

Gita Gopinath the first woman to occupy the top IMF post. (Photo: AFP)

Gita Gopinath joins IMF as its first female chief economist

Gopinath would like the IMF to continue to be a place that provides intellectual leadership on important policy questions.

08 Jan 2019 10:13 AM

Reserve Bank of India (RBI) has massive Rs 9.59 lakh crore reserves and the government, if reports are to be believed.

Important for Indian govt to heed RBI's message on financial stability: IMF Chief

Central bank does have to be intimately concerned with financial stability to some degree and with the payment system.

10 Dec 2018 2:24 PM

Noting that there has long been a legacy of corporate debt associated with bad infrastructure projects in India, Obstfeld said it has been very concentrated in banking system. (Photo: File)

IMF chief economist lauds Modi govt for 'very solid' growth, GST

'India under the government of Prime Minister Narendra Modi has carried out some really fundamental reforms,' IMF chief said.

10 Dec 2018 7:59 AM

Despite rapid advancements in digitisation, nearly 70 pc of the country’s population is still facing troubles in terms of easy Access to Finance. (Photo: Pixabay)

Tech-enabled alternative lending bridging the gaps in India’s credit systems

Indian economy has been on an upward growth trajectory over the past few years and is now pegged at $2.6 trillion.

07 Dec 2018 2:13 PM

In the previous week, the reserves had increased by USD 568.9 million to USD 393.580 billion. (Photo: PTI)

Forex reserves down by USD 795 million to USD 392.78 billion

The country's reserve position with the IMF also jumped by USD 6.2 million to USD 2.630 billion.

30 Nov 2018 6:00 PM

The country's reserve position with the IMF also declined by USD 12.3 million to USD 2.495 billion.

Forex reserves down by USD 942 million to USD 393.523 billion

Forex reserves had touched a record high of USD 426.028 billion in the week to April 13, 2018.

26 Oct 2018 6:08 PM

Imran Khan attended a Saudi investment conference, boycotted by others over Khashoggi's killing. (Photo: AFP)

Saudi Arabia offers USD 6 billion to Pakistan amid economic crisis

The USD 6 billion total exceeds forecasts by analysts and will likely reduce the size of any bailout Pakistan receives from the IMF.

24 Oct 2018 8:16 AM

Khan is in Saudi Arabia for the second time this month seeking to shore up financial aid as the country reels from a looming balance of payments crisis. (Photo: File)

Will reach out to India again after 2019 elections, says Imran Khan

Imran Khan said he had tried to extend hand of peace to India, had not received a response, but hoped to resume efforts to improve ties.

23 Oct 2018 4:18 PM

Khan said his government was in touch with some 'friendly countries' and has sought cooperation to address the mounting balance of payments deficit and dwindling foreign currency reserves. (Photo: File)

Pak may not seek IMF bailout, seeking help from ‘friendly countries’: Khan

Though he did not name any countries, Pak media has reported that govt was consulting allies like China and Saudi Arabia for financial help.

19 Oct 2018 2:54 PM

After the new government took over in Pakistan, China has agreed to extend the CPEC projects to Balochistan province to address criticism that only the dominant Punjab province grabbed most of Chinese investments. (Photo: AFP | File)

As Pakistan negotiates IMF bailout, China says more corridor projects planned

Cash-strapped Pakistan has approached the International Monetary Fund for a bailout package as it faces a serious economic crisis.

16 Oct 2018 5:47 PM

The IMF team, Umar said, was scheduled to arrive in Pakistan on November 7 to negotiate the programme, likely to span over a three-year period. (Photo: File)

Ready to share details of CPEC debts with IMF for bailout: Pakistan

IMF MD Lagarde has made it clear that IMF would require transparency on Pak's debts, including those owned by China under CPEC.

14 Oct 2018 7:43 PM

Story Type Required Source Required Byline Optional Title Required 150 Characters Remaining Alias: Strap Required Maximum 150 Characters Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Structural reforms helping India in building resilience to global shocks: Garg

The World Bank ranked India 115th among 157 countries in its first-ever Human Capital Index (HCI).

13 Oct 2018 4:46 PM

Escalating trade frictions and higher borrowing costs threatened to knock global growth. (Photo: AFP)

IMF members pledge to avoid using currencies as trade weapon

No formal talks to try to resolve the trade dispute have taken place since Aug 23.

13 Oct 2018 1:27 PM

Khan said Pakistan is burdened due to debts incurred by the previous government and his government is constrained to borrow more money to pay back those debts. (Photo: File)

Will approach both friendly countries, IMF: Pak PM

Khan said he will present a roadmap before the nation listing steps the government will take to stabilise the economy.

11 Oct 2018 3:09 PM

Pakistan began exploring the possibility of yet another loan package with the IMF while the Pakistan Muslim League (Nawaz) PML-N was still in power and the exploratory talks continued under the interim government as well. (Representational Image)

Pak seeks largest loan package from IMF: report

IMF said that it would listen to Pak's request for financial support 'very, very attentively', as it did with any member with good standing.

11 Oct 2018 1:47 PM

The United States wants to pressure China to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy practices. (Photo: AP | File)

Trump says China not ready for deal, will 'absolutely' slap new tariffs

Last month Donald Trump imposed tariffs on nearly USD 200 billion of Chinese imports and then threatened more levies if China retaliated.

10 Oct 2018 6:05 PM

The IMF is very much stressing that global debt at USD 182 trillion in 2017 is at a new record high. (Photo: AFP)

India's debt lower than best, emerging market economies: IMF

India private debt in 2017 was 54.5 per cent of the GDP and the general govt debt was 70.4 per cent of the GDP.

10 Oct 2018 1:36 PM

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Sanjeev Ahluwalia