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IMF predicts negative growth for Pakistan in 2020

Web Report The International Monetary Fund (IMF) on Tuesday projected economic recession for Pakistan following the coronavirus-related ‘The Great Lockdown’ that would sharply contract the...

Global economy bows down to Covid-19 outbreak: IMF

Staff Report The International Monetary Fund (IMF) on Tuesday predicted that there will be a great impact of global lockdown across the globe because of...

IMF says UAE economy to rebound next year

Web Report The International Monetary Fund (IMF) on Tuesday predicted that the UAE and other Gulf countries will rebound strongly next year. The Fund's World Economic...

Covid-19: IMF chief says ‘It’s clear we have entered recession’

Web Report The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina...

Pakistani rupee falls to all-time low vs US dollar, UAE dirham

Abdul Basit Pakistani rupee plunged to an all-time low against the US dollar and UAE dirham on Thursday, dragged down by outflow of investment from...

Pakistan $4 billion from lending, aid agencies

Web Report Pakistan has arranged about $4 billion additional financial assistance from multilateral lending and aid agencies to shore up foreign exchange reserves and budgetary...

Pakistan PM Imran urges world to think of ‘debt-write offs’

Web Report Prime Minister Imran Khan has said he feared the new coronavirus would devastate economies of developing nations and warned the developed world economies...

Sheikh Hamdan announces Dubai’s economic outlook

Web Report Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, stressed that the...

Amnesty scheme: Pakistan registers 100,000 new tax filers, nets $450m

Web Report Pakistan's government has confirmed that it has registered around 100,000 new tax filers and expects to have raised about $450 million from a...

IMF okays $6 billion package for Pakistan

Web Report The Executive Board of the International Monetary Fund (IMF) has approved a $6 billion package for Pakistan and immediately released $1bn to ease...
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