The meeting on the sidelines of the Global Financing Summit in Paris came with about a week left before the IMF's Extended Fund Facility (EFF) agreed in 2019 expires on 30 June.
The budget is being closely watched by the International Monetary Fund as the South Asian country seeks further bailout money during an economic and balance of payments crisis.
The country is reeling from an economic crisis with inflation surging to 37.97% in May, posting a record for the second consecutive month and also the highest in South Asia.
The staff-level agreement has been delayed since November, with more than 100 days gone since the last staff-level mission to Pakistan, the longest such delay since at least 2008.
Is this a seminal moment in Pakistan’s long-term decline? Ten days of intense negotiations with a visiting team from the International Monetary Fund (IMF)...
In recent years, reliance on the West has been replaced by dependence on close strategic ally China, Saudi Arabia and the Gulf states. This reflects the failure of economic governance.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS