In a matter of just less than three years, India has taken another stride, pipping Japan to become the fourth-largest economic powerhouse. In September 2022, India had surpassed the UK …
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IMF
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India’s Gross Domestic Product (GDP) has doubled in size over last ten years, according to the latest data released by the International Monetary Fund (IMF). The data highlighted that the …
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The International Monetary Fund (IMF) has rejected Pakistan’s proposed sales tax exemption on electric vehicles (EVs), stressing that the tax rates should remain in line with standard policies, The Express …
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Pakistan is facing a revenue shortfall of PKR 385 billion for the period between July and December 2024, ARY News reported on Wednesday, citing sources. According to ARY News, the …
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Pakistan is relying on assurances from Saudi Arabia and China to address a USD 5 billion external financing gap, with hopes of securing a debt rescheduling agreement with China and …
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India
FM Sitharaman, World Bank President discuss issues related to private capital participation in Global Public Goods
by ANIby ANIUnion Finance Minister Nirmala Sitharaman held a meeting with World Bank President Ajay Banga on the sidelines of the World Bank and International Monetary Fund (IMF) Annual Meetings 2024, in …
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India
India provided financial support to its neighbours much before IMF: Nirmala Sitharaman
by ANIby ANIUnion Finance Minister Nirmala Sitharaman has said that India provided financial support to its neighbours in times of distress with no conditions attached much before the International Monetary Fund (IMF) …
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Awaiting the approval of a USD 7 billion bailout from the IMF’s executive board, the Shahbaz Sharif government faced a weak start by securing just USD 436.4 million in foreign …
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The Shehbaz Sharif-led Pakistan government unveiled a three-year economic plan, which aims to increase the share of provinces in the federal budget from 39.4 per cent to 48.7 per cent …
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Economy
IMF raises forecast for India’s GDP growth in 2023 to 6.1%, keeps China at 5.2%
by IN Bureauby IN BureauThe International Monetary Fund (IMF) has raised its forecast for the growth rate of India’s economy to 6.1 per cent in 2023 which is 0.2 percentage points higher than its …
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Economy
IMF chief sees India as bright spot while world economy is expected to slow in 2023
by IN Bureauby IN BureauThe IMF chief Kristalina Georgieva on Thursday said that the world economy is expected to grow at less than 3 per cent this year but Asia remains a bright spot …
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Notwithstanding the external risks, India’s growth continues to be resilient, the World Bank in its latest India Development Update has said. The report noted that despite rising global challenges, which …
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Economy
IMF says India still a bright spot as global growth seen slowing to 2.9% in 2023
by IN Bureauby IN BureauIndia remains a bright spot with the country’s growth in 2023 pegged at 6.1% while the global growth rate is expected to slow to 2.9%, according to the IMF’s latest …
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Economy
Pakistan hikes fuel prices under IMF pressure, more taxes on way
by Rahul Kumarby Rahul KumarPakistan’s economic meltdown, with foreign exchange touching $3.67 billion, is finally making its political class realise that imposing harsh taxes is the only way out to acquire an International Monetary …
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As part of its Neighbours-First policy, India has taken the lead in backing Sri Lanka’s request for finance and debt restructuring from the International Monetary Fund. While China is expected …
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India has surpassed the UK to become the fifth-biggest economy of the world in the last three months of 2021, according to calculations made by leading financial news agency Bloomberg …