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News Reports

Pakistan seeking $7 billion from IMF, they could have asked us, PM Modi has given more to J&K for PF package: Rajnath Singh in...

ANI - 22 September, 2024

Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven-billion-dollar bailout package, and PM Narendra Modi has given more than this for the PF package for J&K.

World

Pakistan economy is very fragile: Global financial report on the country facing economic collapse

ANI - 21 July, 2024

The analysis made some dire predictions for the Pakistan economy saying that it remains extremely fragile and that growth was weighted to the downside.

News Reports

‘Skyrocketing public debt’: Maldives at ‘high risk’ of external and overall debt distress, says IMF

OpIndia Staff - 8 February, 2024

"Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress", the IMF stated in its report.

News Reports

Pakistan receives $700 million from International Monetary Fund as part of bailout programme after govt implemented IMF-prescribed measures

ANI - 17 January, 2024

Under the bailout deal, the IMF also got Pakistan to raise USD 1.34 billion in new taxation to meet fiscal adjustments

Economy and Finance

IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24

ANI - 20 December, 2023

The current account deficit is anticipated to improve to 1.8 per cent of GDP in FY2023/24, supported by resilient services exports and lower oil import costs.

Economy and Finance

India to account for 18% of global growth by 2028, says IMF; Here’s how India has economically grown stronger after 2014

Siddhi Somani - 26 October, 2023

IMF said that India’s GDP is projected to grow by 6.3 per cent in the current fiscal year, up by 20 basis points from it’s last forecast in July

News Reports

Pakistan’s economy hits rock bottom, but President Alvi focuses on increasing his salary, complains that Chief Justice is getting more

OpIndia Staff - 31 August, 2023

Pakistan's President is seeking a salary rise when the country is seeing its economy hit a historic low.

News Reports

Cash-Strapped Pakistan signs concession agreement with UAE-based company to lease out berths in Karachi Port for 50 years

OpIndia Staff - 24 June, 2023

Pakistan leases a part of Karachi port to UAE's company AD Ports group for $220 million deal.

News Reports

China will save Pakistan from bankruptcy, Imran Khan to blame for the current financial crisis: Pakistan PM Shehbaz Sharif

OpIndia Staff - 27 May, 2023

Pakistan PM Shehbaz Sharif stated that China has shown its support for Pakistan's growth by rolling over its commercial debt.

World

Pakistan’s economic growth rate plummets to 0.3 percent under the Shehbaz Sharif government

ANI - 25 May, 2023

The government has inflicted heavy losses on the economy by devaluing the rupee and increasing the utility prices in the hope of getting a deal from the International Monetary Fund (IMF).

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