Washington, United States – AFP Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister has said. The South Asian nation is nearing the end of a nine-month, $3 billion loan program with the International Monetary Fund designed to tackl...
KARACHI, Pakistan (AA) – Pakistan is expected to receive the second tranche of a $3 billion bailout package from the International Monetary Fund (IMF), the loaning agency’s Managing Director Kristalina Georgieva has said. “I expect an agreement of the review to come within this week,” Georgieva told Bloomberg Television in an inter...
Riyadh, Saudi Arabia – – AFP The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Israel’s neighbours are feeling the effects, especially those that rely on tourism, Kristalina Georgiev...
Marrakesh, Morocco — AFP Israel’s war on Gaza has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings that it has darkened the outlook for an already sluggish global economy. The global lenders are holding their gathering, which brings together finance ministers and central bankers from around the world,...
KARACHI, Pakistan (AA) – The International Monetary Fund (IMF) has urged cash-strapped Pakistan to increase its income through taxing the country’s rich, and protect the vulnerable in order to ensure economic stability. The call was reiterated by IMF Managing Director Kristalina Georgieva who met Pakistan’s caretaker Prime Minister...
RABAT, Morocco (AA) – The International Monetary Fund (IMF) will provide Morocco with a $1.3 billion loan following the Sept. 8 earthquake that killed thousands in the North African country. “The IMF concluded a staff-level agreement with Morocco to provide $1.3 billion in financing over the long term,” IMF Managing Director Krista...
Islamabad, Pakistan — AFP Traders across Pakistan shuttered their shops on Saturday, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections. Decades of mismanagement and instability have hobbled Pakistan’s economy, and this summer Islamabad was forced into a deal with the Internationa...
KARACHI, Pakistan (AA) – Thousands took to the streets across Pakistan on Sunday to protest rising power bills, some violently, forcing the power companies to seek police security. Interim Prime Minister Anwar-ul-Haq Kakar summoned an urgent meeting with power authorities to “review” the situation after angry protesters block...
