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IMF Reaches $3 Billion Staff-Level Agreement With Cash Strapped-Pakistan

The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default, reported Reuters. The ...

Will The US Run Out Of Cash By June?

US Treasury Secretary Janet L Yellen highlights imminent concerns of running out of money to pay its bills by June 1 if Congress does not raise or suspend the debt limit. Given below are the details of the concerns. ...

Most people lack awareness about creditworthiness: Survey

NEW DELHI: Most borrowers in the country are unaware about the fallout of defaulting on loan payments as well as presence of systems to rate their creditworthiness, says a survey. As many as 91 per cent of the respondents were ...