Saturday, Jul 02, 2022
Outlook.com

Debt-Ridden, Sipping Less Tea: Is Pakistan The Next Sri Lanka?

Debt-Ridden, Sipping Less Tea: Is Pakistan The Next Sri Lanka?

Pakistan is relying on donkeys and asking people to drink less tea to sail through the crisis

01 July 2022
Pakistan: Hike In Petroleum Prices Part Of IMF's Preconditions

Pakistan: Hike In Petroleum Prices Part Of IMF's Preconditions

The steep rise in the price of petroleum in Pakistan is part of the structural adjustment conditions set by the IMF.

01 July 2022

Pakistan Steeply Hikes Petroleum Prices Under Deal With IMF To Revive Bailout Programme

Prices of all petroleum products went up by about Rs14-19 per litre after the decision came into effect from midnight on Thursday

Forex Reserves Dip By $5.87 Billion To $590.588 Billion

Forex Reserves Dip By $5.87 Billion To $590.588 Billion

In the reporting week, the forex reserves fell due to a dip in foreign current assets (FCAs), a major component of the overall reserves, and also in gold...

24 June 2022

EXPLAINED: Why Sri Lanka's Economy Collapsed And What's Next

Prime Minister Ranil Wickremesinghe, who took office in May, was emphasising the monumental task he faces in turning around an economy he said is heading for...

Advertisement
23 June 2022
Indian Delegation Discusses Sri Lanka Economic Crisis With Country’s Top Leadership

Indian Delegation Discusses Sri Lanka Economic Crisis With Country’s Top Leadership

Sri Lanka is facing the worst economic crisis since independence in 1948 which has led to an acute shortage of essential items like food, medicine, cooking gas...


22 June 2022
Cash-Strapped Pakistan Secures Deal With IMF To Restore Stalled $6 Billion Aid

Cash-Strapped Pakistan Secures Deal With IMF To Restore Stalled $6 Billion Aid

The IMF mission will finalise monetary targets with the State Bank over the next couple of days and, in the meantime, share the draft of a Memorandum of...


22 June 2022
Pakistan And IMF Reach Agreement To Restore USD 6 Billion Stalled Aid Deal

Pakistan And IMF Reach Agreement To Restore USD 6 Billion Stalled Aid Deal

The deal is a signal of hope for a financially fragile Pakistan.


10 June 2022
Why Global Ratings Agencies Are Revising India's GDP Forecast Downwards

Why Global Ratings Agencies Are Revising India's GDP Forecast Downwards

Given the implications of larger global and domestic issues on India’s GDP, several ratings agencies have revised India’s growth outlook


10 June 2022
IMF Planning To Send In-Person Mission To Crisis-Hit Sri Lanka: Spokesperson

IMF Planning To Send In-Person Mission To Crisis-Hit Sri Lanka: Spokesperson

International Monetary Fund Spokesperson Gerry Rice said the global financial body was committed to support Sri Lanka at this difficult time, in line with the...


Advertisement

10 June 2022
Concerned By Food, Fertilizer Export Restrictions, Welcome India's Decision To Relax Wheat Export Ban: IMF

Concerned By Food, Fertilizer Export Restrictions, Welcome India's Decision To Relax Wheat Export Ban: IMF

Last month, India announced that it was banning wheat exports in a bid to check high prices amid concerns of wheat output being hit by the scorching heat...


10 June 2022
Ukraine War: IMF Concerned Over Food, Fertilizer Export Restrictions

Ukraine War: IMF Concerned Over Food, Fertilizer Export Restrictions

As countries around the world curtail exports of commodity goods with the initiation of the Russia-Ukraine war, the International Monetary Fund, has expressed...


23 May 2022
Pandemic Creates New Billionaire Every 30 hours: Oxfam At Davos

Pandemic Creates New Billionaire Every 30 hours: Oxfam At Davos

Oxfam Group's new report released in Davos that with the cost of essential goods rising, billionaires in the food and energy sectors are increasing their...


20 May 2022
Forex Reserves Down By $2.676 Billion To $593.279 Billion

Forex Reserves Down By $2.676 Billion To $593.279 Billion

According to an article 'State of the Economy', published in the RBI's Bulletin for May, foreign exchange reserves at $596 billion as on May 6 were equivalent...


04 May 2022
Growth To Be In Range Of 7% To 8.5% Given Global Uncertainties: CEA Nageswaran

Growth To Be In Range Of 7% To 8.5% Given Global Uncertainties: CEA Nageswaran

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India.


24 April 2022
IMF To Support Sri Lanka’s Efforts To Overcome Economic Crisis

IMF To Support Sri Lanka’s Efforts To Overcome Economic Crisis

The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading...


Advertisement

22 April 2022
India Extends Swap Facility Duration Worth $400 Million With Crisis-Hit Sri Lanka

India Extends Swap Facility Duration Worth $400 Million With Crisis-Hit Sri Lanka

This was the first extension of an international debt instrument to Sri Lanka after the government led by President Gotabaya Rajapaksa on April 12 temporarily...


22 April 2022
Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related...


21 April 2022
India’s High Growth Rate Positive News For World: IMF Managing Director

India’s High Growth Rate Positive News For World: IMF Managing Director

The IMF, early this week, projected a “fairly robust” growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world,...


20 April 2022
IMF Cuts India’s GDP Forecast To 8.2% For Current Financial Year 

IMF Cuts India’s GDP Forecast To 8.2% For Current Financial Year 

It has projected India’s growth to slow to 6.9% in 2023-24 from 7.2% estimated earlier. 


19 April 2022
Nirmala Sitharaman Urges To Regulate Cryptocurrencies At Global Level To Check Money Laundering, Terror Funding

Nirmala Sitharaman Urges To Regulate Cryptocurrencies At Global Level To Check Money Laundering, Terror Funding

The Finance Minister said that as long as the non-governmental activity of the crypto assets was through unhosted wallets, the regulation was going to be very...


17 April 2022
Sri Lankan Delegation Heads To US To Seek $4 Billion Bailout Package From IMF

Sri Lankan Delegation Heads To US To Seek $4 Billion Bailout Package From IMF

The delegation led by newly-appointed finance minister Ali Sabry will hold talks with the International Monetary Fund (IMF) between April 19 and April 24.


14 April 2022
IMF Chief: Ukraine War And Inflation Threaten Global Economy

IMF Chief: Ukraine War And Inflation Threaten Global Economy

IMF Managing Director Kristalina Georgieva said the consequences of Russia's invasion was contributing to economic downgrades for 186 countries, although most...


12 April 2022
Crisis-Hit Sri Lanka Announces Debt Default

Crisis-Hit Sri Lanka Announces Debt Default

The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement...


31 March 2022
India Has Safeguards In Place To Mitigate Risks From Capital Flows: IMF

India Has Safeguards In Place To Mitigate Risks From Capital Flows: IMF

India, which has received a record number of foreign direct investment during the last few years despite COVID-19 crisis, has quite a few safeguards in place...


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement