Pakistan’s $6 bn IMF loan request to help incoming government repay billions in debt | Oneindia News
Video Credit: Oneindia - Duration: 02:03s - Published
Pakistan’s $6 bn IMF loan request to help incoming government repay billions in debt | Oneindia News
In a bid to address its mounting debt obligations, Pakistan is set to seek a new loan of at least $6 billion from the International Monetary Fund (IMF), according to a report by Bloomberg News.
The announcement comes as the country grapples with the repayment of billions in debt scheduled for this year.
India, a major CO2 emitter, faces high climate risk per Verisk Maplecroft. The analysis ranks India third, even in best-case scenarios. Other high-risk countries.. IndiaTimes
Seven workers were tragically killed in a terrorist attack in Pakistan's Gwadar port city on May 9. The assailants, unidentified gunmen, targeted a residential area near Gwadar Fish Harbour, leaving seven dead and one injured. Despite the severity of the incident, no group has claimed responsibility. Balochistan Chief Minister Sarfraz Bugti and Home Minister Mir Zia Ullah Langau condemned the attack, vowing to bring the perpetrators to justice. The government is conducting a thorough investigation into the incident. This tragic event follows a recent escalation of violence in Balochistan, including the abduction of nine bus passengers by militants in Nushki district and a foiled attack on the Gwadar Port Authority colony. The government remains committed to combating terrorism and ensuring the safety of its citizens.
#PakistanAttack #GwadarPort #TerroristAttack #BarbersExecuted #Balochistan #GwadarMassacre #PakistaniTragedy #GwadarTerror #BarbersMurdered #GwadarCrisis #TerrorInPakistan #BarberShopAttack #GwadarViolence #BarberCommunity #PakistanSecurity
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Join us as External Affairs Minister S Jaishankar unveils a startling revelation: Every political party in India is committed to reclaiming Pakistan-Occupied Kashmir (PoK). Explore the implications of this bold assertion and the impact of Article 370's revocation on India's stance. Stay informed and engaged with the latest developments in Indo-Pak relations!
#SJaishankar #JaishankaronPoK #PoK #PakistanOccupiedKashmir #JammuKashmir #IndiaPakistanTensions #IndiaPakistan #Oneindia
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Responding to Navneet Rana's remarks that the vote given to AIMIM and Congress directly goes to Pakistan, AIMIM leader Asaduddin Owaisi claimed that the BJP.. DNA
India is the origin of the largest number of international migrants - nearly 18 million, with large diaspora in UAE, US and Saudi Arabia. And it continues its.. IndiaTimes
Watch Uttar Pradesh Chief Minister Yogi Adityanath's scathing critique of Congress leader Sam Pitroda's divisive remarks on citizens and the Ram temple. Adityanath demands an apology from the Congress for perpetuating a politics of division and rebukes Pitroda's comments. Pitroda's controversial statements on diversity also face widespread condemnation. Stay informed with the full video of CM Yogi's critique.
#YogiAdityanath #CMYogi #SamPitroda #SampitrodaRemark #SamPitrodaRacialRemark #SamPitrodaResigns #CongressvsBJP #LokSabhaElections2024 #Elections2024 #Oneindia
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The recent missile attack on Ukrainian energy infrastructure represents a significant escalation in tensions, with devastating consequences for civilians and critical facilities alike. According to local authorities, Russian forces unleashed a "massive" aerial assault utilising 76 air attack weapons, including 55 missiles and 21 drones, originating from both Russian territory and areas under Russian control. Ukrainian Air Force Commander Mykola Oleshchuk (MEE-koh-lah Oh-LESH-chook) reported the destruction of at least 59 of these weapons in response.
#RussiaUkraineWar #CarpetBombing #MissileAttack #ShahedDrones #Conflict #WarZone #UkraineUnderAttack #MilitaryAssault #InternationalCrisis #PeaceNegotiations
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Step into the world of high fashion with our exclusive coverage of the Met Gala 2024! From Alia Bhatt's stunning Sabyasachi saree to innovative interpretations of the time-themed attire, delve into the glitz, glamour, and groundbreaking fashion moments from one of the most anticipated events of the year. Explore the red-carpet highlights, inside the museum's 'Sleeping Beauty: Reawakening Fashion' exhibition, and more. Join us for a night of unparalleled elegance and creativity at the Met Gala 2024!
#MetGala #MetGala2024 #MetGalaEvent #MetGalaCelebrities #GardenofTime #AliaBhattMetGala2024 #KendellJennerMetGala2024 #TylaMetGala #EntertainmentNews #Oneindia
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Sam Pitroda, Indian politician and close aide to the Congress party, has sparked yet another controversy with his recent remarks. In a statement, Pitroda commented on the appearance of people from the East, drawing criticism from the BJP. This comes after Pitroda's earlier controversial statement regarding inheritance tax in the United States. Stay tuned for more updates on this developing story.
#SamPitroda #SamPitrodaControversy #SamPitrodaCongress #CongressvsBJP #SamPitrodaRacistComment #SamPitrodaControversialRemark #SamPitrodaOversees #CongressUnitedStates #OneindiaNews
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IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports. .
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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On Thursday, the spokesperson for the Ministry of External Affairs, Randhir Jaiswal, emphasised the sovereignty of India's decision-making process regarding the entry of foreign nationals. This..
Nitasha Kaul, a UK-based Indian-origin professor, claimed she was denied entry into India despite being invited by the Karnataka government for a convention. Immigration officials allegedly cited her..
Pakistan plans to seek a $6 billion IMF loan to repay looming debts. The federal budget allocates $2.5 billion from the IMF, as Pakistan faces a $22 billion debt burden with reserves covering just one..
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