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.
Maulana Fazlur Rehman of Jamiat Ulema-e-Islam Pakistan (Fazl) criticizes Pakistan's establishment for alleged election rigging and favoritism towards Imran Khan's PTI. He questions the fairness of recent polls and urges the coalition to allow PTI to form the government. Rehman expresses dismay over Pakistan's reliance on international aid, contrasting it with India's progress, and calls for implementing Islamic principles and addressing national debt to avoid stagnation.
#MaulanaFazlurRehman #Jamiat #Pakistannews #Pakistanupdates #ImranKhan #PTI #ShehbazSharif #PakistanEconomy #Worldnews #Oneindia #Oneindianews
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PM Modi revealed on Monday the untold story of how he ensured Pakistan was the first to officially hear about the 2019 Balakot airstrike, linking it to.. IndiaTimes
Pakistan's Foreign Minister Ishaq Dar was appointed Deputy Prime Minister by Prime Minister Shehbaz Sharif-led Cabinet. This move, effective immediately, marks a strategic shift in government leadership. Dar's past role as Finance Minister and a recent stint as Foreign Minister raises questions about his new position. He is currently on an official visit to Saudi Arabia for the World Economic Forum Summit.
#Ishaqdar #PMShehbazSharif #SaudiArabia #IshaqDar #NawazSharif #ImranKhan #Pakistan #Pakistannews #Oneinda #Oneindia news
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Pakistan appoint former Australia pace bowler Jason Gillespie, who led Yorkshire to two County Championship titles, as coach of the men's Test side. BBC Sport
Catch up on the latest updates with PM Modi addressing the issue of deepfake videos involving Home Minister Amit Shah, Bansuri Swaraj's nomination for Lok Sabha elections, controversies surrounding Prajwal Revanna, and more. Stay informed with Oneindia News for the latest developments in Indian politics and beyond.
#AmitShahDeepfake #BansuriSwarajNomination #PrajwalRevanna #DvendraYadav #JDSvsCongress #PiyushGoyal #BhagwantMann #ArvindKejriwal #LokSabhaElections2024 #Oneindia
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Seven Naxalites, including two women, were killed in a clash with security forces in Chhattisgarh's Narayanpur-Kanker forest border. This encounter, the second major strike within 15 days, occurred during an anti-Naxal operation by the District Reserve Guard and Special Task Force. Weapons, including an AK-47 rifle, were seized. With 88 Naxalites killed this year in Bastar region encounters, the state continues its efforts against insurgency.
#Naxalites #NaxalEncounter #Kanker #BaxarRegion #Chattisgarhnews #Chattisgarhencounter #Indianews #Maoists #Oneindia #Oneindianews
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A recent poll highlights the stark differences between supporters of President Joe Biden and former President Donald Trump, based on the media they consume. Join us as we delve into the impact of media preferences on political sentiment and explore how non-political news followers perceive the candidates. Stay tuned for insightful analysis and discussion on this revealing poll data.
#JoeBiden #DonaldTrump #BidenSupporters #TrumpSupporters #USElectionsPoll #USPresidentialElections #BidenvsTrump #USMedia #Oneindia
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The CBI's chargesheet on the Churachandpur incident unveils shocking details: Manipuri women and men sought refuge in a police vehicle but were abandoned when a mob approached. The police driver refused assistance, leading to fatal consequences for one victim.
#CBI #Churachandpur #Manipur #Manipurnews #Kuki #Meitei #ManipurVoilence #ManipurUpdates #Indianews #Oneindia #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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Why does the world need more women in the labour market and managerial positions? Kristalina Georgieva, the International Monetary Fund's Managing Director, shares her thoughts on the Global Conversation.
Credit: euronews (in English) Duration: 08:00Published
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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