Amid Sri Lanka's economic crisis, IMF in 2023 approved a nearly $3 bn facility to assist its efforts to durably restore macroeconomic stability by restoring fiscal & debt sustainability'.
For the Pakistani economy, the IMF bailout is key to its economy. In the week ending 25 April, Pakistan’s total foreign exchange reserves stood at $15.25 billion.
Pakistan's Punjab govt has tabled legislation that could see rates as high as 45%. Agricultural income tax hikes among measures prescribed to raise revenue under $7bn IMF bailout deal.
In 2023, Pakistan was grappling with the risk of debt default, unprecedented inflation, record-high yields on government bills, and political instability. But 2024 is all set to be a happy new year.
The currency has lost about 6% of its value against the dollar in the first three weeks of Anwaar-ul-Haq Kakar’s tenure, as he faces economic challenges and IMF terms.
Islamabad has taken a slew of policy measures since an IMF team arrived in Pakistan earlier this year, including a revised 2023-24 budget last week to meet the lender's demands.
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 island nation will also be the first in Asia to undergo a 'governance diagnostic exercise' by the International Monetary Fund. First tranche of loan to be released in next few days.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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