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Muhammad Aurangzeb: From Banking Giant to Pakistans Finance Minister

Muhammad Aurangzeb, the President and CEO of Habib Bank Limited, has been appointed as Pakistan's new finance minister by Prime Minister Shehbaz Sharif....

IMF Projects Robust Growth For India In FY24-25, Revises GDP Estimates Upwards By 20 bps

The International Monetary Fund (IMF) has projected India's economic growth rate of 6.5% for the fiscal year beginning April 1, 2024, and a similar pace for the subsequent year. The announcement comes as part of the IMF's World Economic Outlook released ...

IMF, Others To Provide Regular Updates To G20 On Implementation Of Crypto Roadmap: FM

Finance Minister Nirmala Sitharaman said on Wednesday that global multilateral agencies will provide regular updates to the G20 countries on the implementation of the crypto regulation roadmap, according to a media report. "The G20 has formally adopted the roadmap (for crypto)... The ...

'India Can Expand Subsidies, Rural Employment Programs Without Harming FY24 Goals': IMF

The International Monetary Fund (IMF) delivered a statement that it believes that India has the flexibility to ramp up spending on subsidies and rural employment programs without needing to surpass its fiscal deficit target of 5.9% for the current financial year. ...

IMF Officials Anticipate Continued US Aid to Keep Ukraine's Economy Afloat Amidst Russian Invasion

Despite the recent drop in aid, IMF officials are confident that the U.S. will continue its key role in supporting Ukraine's economy amidst Russia's invasion....

IMF Raises India Growth Forecast To 6.1% For FY24

The International Monetary Fund (IMF) on Tuesday raised India's gross domestic product (GDP) for 2023-24 to 6.1%. "Growth in India is projected at 6.1% in 2023 (fiscal year 2023-24), a 0.2 percentage point upward revision compared with the April projection, reflecting ...

Pakistan's Inflation Soars To Record 37.97% Amid Political, Economic Crisis

Pakistan's annual inflation surged to a record 37.97% year-on-year in May as the country is in the grip of political and economic crisis, as per official data available on Thursday. The country, currently in the throes of a major political as ...

IMF Cuts India's FY24 GDP Growth to 5.9% By 20 Bps

The International Monetary Fund (IMF) cuts its estimate of India's GDP growth for the fiscal year 2023-2024 by 20 basis points to 5.9%. The most recent growth prediction made by the global organisation is considerably lower than the Reserve Bank of ...

Pakistan Tells IMF It Requested China To Roll Over USD 2 Bn Deposits: Report

Cash-strapped Pakistan has communicated to the IMF that it has requested China to roll over its USD 2 billion deposits for another year, a media report said on Tuesday, as the country awaits a much-needed USD 1.1 billion tranche of funding ...

India Can Achieve Its Goal Of Being Carbon Neutral Much Before Its Target Of '2070': IMF MD

India, which has taken it upon itself to be carbon neutral by 2070, could achieve this ambitious goal even earlier, International Monetary Fund Managing Director Kristalina Georgieva has said. Georgieva added that it is so very important that a large country ...

Recession Will Hit A Third Of The World In 2023: IMF

A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the U.S., EU and China will see their economies slow down, according to ...

Former RBI Governor Raghuram Rajan Joins, Congress-Led Bharat Jodo Yatra In Rajasthan

Reserve Bank of India's former governor Raghuram Rajan on Wednesday joined Rahul Gandhi during the Congress-led Bharat Jodo Yatra in Rajasthan. The Bharat Jodo Yatra, which started from Kanyakumari in Tamil Nadu on September 7, is passing through Rajasthan. The yatra ...

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