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Amid deepening economic crisis, Pakistan hikes luxury import tax to secure IMF deal

In an effort to secure IMF deal, Pakistan hiked taxes on a number of luxury goods and upscale services.

IMF forces bankrupt Pakistan to increase taxes drastically in order to secure a financial bailout

The stringent terms needed for a desperately needed financial bailout by the International Monetary Fund (IMF) have pushed the ruling coalition led by PM Shehbaz Sharif to impose greater tax rates, contributing to the already heavy burden on the Pakistani populace.

Pakistan-IMF meeting over bailout package fails as IMF does not trust Pakistan completely due to credibility crisis, talks to continue

Pakistan and IMF failed to reach staff-level agreement needed to release $1.1 billion under a bailout package to debt-ridden Pakistan

IMF Managing Director Kristalina Georgieva hails the Indian economy as “a bright spot in a dark horizon”

IMF Managing Director Kristalina Georgieva asserted that India will leave a mark in the areas of digitalization and digital money

IMF hails India’s digital cash transfer scheme as a ‘logistical marvel’

For a country like India, owning Digital platforms and payment like this, is a great feat in itself.

High fuel prices, unprecedented inflation, and socio-political tensions could spark protest and instability in Pakistan, warns IMF

IMF has warned of demonstrations and unrest in Pakistan as inflation reaches a 47-year high of more than 27% in August.

Petrol price hike in Bangladesh triggers chaos as China woos the nation, reignites fears that Sri Lanka crisis could repeat in India’s neighborhood

Despite being one of the fastest growing economies in the world, Bangladesh has witnessed a sharp dip in its foreign exchange reserves.

India receives the highest annual FDI inflow of USD 83.57 billion in FY21-22, IT sector bags the largest share

In 2014-2015, India received 45.15 billion USD in FDI compared to the highest ever inflow for the fiscal year 2021-22.

IMF, which predicted India cannot become a $5 trillion economy before 2028-2029, changes its forecast: Reports

The contentious claim that Bangladesh has overtaken India in terms of GDP per capita has also been revised by IMF.

FM Nirmala Sitharaman opens up about crypto, says Money Laundering and Terror Funding are the biggest concerns

Speaking at IMF seminar, FM Sitharaman said Money Laundering and Terror Funding are the biggest concerns when it comes to crypto transactions

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