International Monetary Fund

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.

Pakistan FM Miftah Ismail said on Monday that the government will not remove subsidies on power and fuel as per the commitment made by the previous government with the IMF.

Members of the global elite are back in Davos after a two-year hiatus due to the pandemic

The International Monetary Fund will be assisting with the package, German Finance Minister Christian Lindner, the host of the meeting, told reporters.

In the previous reporting week, forex reserves stood at $595.95 billion.

CEA disputed IMF's earlier projections that showed goal to be achieved by 2028-29

Pakistan is under considerable pressure from the International Monetary fund (IMF) to cut down on the fuel subsidies for taking the bailout package discussions further

The current debt wave is the world's fourth since 1970, the World Bank says

The IMF raised the yuan's weighting to 12.28 per cent from 10.92

In the previous reporting week, the overall reserves had declined by $2.695 billion to $597.728 billion, falling below the $600 billion mark

As per Pakistan Tehreek-i-Insaf spokesperson on finance Muzzammil Aslam, the IMF has deferred a meeting with Pakistan authorities until May 18 as they are seeking a hike in petrol and diesel prices

The Express Tribune reported that the IMF has informed the country's government that it could send a mission to Doha for one week on May 18

"We have to run the country and not ruin it by taking dictations," said the former Finance Minister, reported Geo News

The International Monetary Fund (IMF) announced it will begin the next round of technical discussions with Sri Lanka from May 9-23

Nepal, a landlocked country between China and India, has banned luxury goods imports until mid-July to rein in capital outflows

"Timely implementation of agreed-upon reforms is vital to obtaining the much-needed funding from the international community," said IMF Managing Director Kristalina Georgieva

Months of lengthy blackouts and acute shortages of food, fuel and pharmaceuticals have triggered widespread protests calling for the government's resignation

Sri Lanka has already missed coupon repayments on some of its bonds and its bailout discussions with the IMF include a possible bridge loan, Governor Nandalal Weerasinghe said