IMF cuts FBR’s target by Rs895 bn

ISLAMABAD: The International Monetary Fund (IMF) has actually modified the Federal Board of Earnings’s (FBR) target to Rs3,908 billion from Rs48,03 billion, revealing a huge cut of Rs895 billion due to the coronavirus pandemic. The real target of the tax department was Rs5,555 billion for the present , however due to its bad efficiency in […]

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IMF needs to maintain stability of global financial architecture in this difficult time: Nirmala Sitharaman

India On Thursday Said The International Monetary Fund (IMF) Must Continue To Play A Vital Role In Preserving The Stability Of The Global Financial Architecture At A Time When The Entire World Is Coming To Grips With The Coronovrius Pandemic. PTI|Upgraded on: 16 Apr 2020, 10: 42: 23 PM Nirmala Sitharaman (Image Credit: Submit Image) […]

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Bitcoin to Face Stronger Global Recession Than In 2009, IMF Forecast Shows (UPGRADED)

Source: Adobe/Sergey Chayko. The global economy is approximated to come by 3% this year, prior to rebounding by 5.8% in 2021, the International Monetary Fund (IMF) stated today, worrying that “this crisis is like no other.” ( Upgraded at 16: 44 UTC: a brand-new area – “Bitcoin might find its way” – has actually been […]

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IMF Deputy Managing Director Tao Zhang on CBDC Benefits and Risks

Source: Adobe/flydragon. Below is a keynote address on main bank digital currency by Tao Zhang, Deputy Managing Director at the International Monetary Fund London School of Economics, February 28, 2020. ___ TaoZhang Source: imf.org. It’s a real satisfaction for me to be here for this conference on China’s Trade and Financial Globalization. I wish to […]

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IMF delays approval of $450 m tranche for Pakistan

— Fund states concentrated on emergency situation $1.4 bn grant for Pakistan in the middle of COVID-19 pandemic The International Monetary Fund (IMF) has actually delayed the approval of the second review of the $6-billion bailout program, set up for Friday, due to postpone in executing concurred actions by Pakistan, stating, for now, it was […]

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IMF working ‘expeditiously’ on Pakistan’s emergency loan request

ISLAMABAD: The International Monetary Fund (IMF) team is working “expeditiously” to react to Pakistan’s request for financial support to combat the coronavirus. IMF Handling Director Kristalina Georgieva on Pakistan stated the proposition might be thought about by the IMF Executive Board “as soon as possible”. IMF didn’t discuss the quantity of this emergency loan, however […]

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