Why are Sri Lanka and Pakistan facing major macroeconomic risks? How does currency devaluation and price rise affect an economy? What is the International Monetary Fund? Why does the IMF impose certain conditions before lending money to countries? Source link
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Pakistan’s Prime Minister Shehbaz Sharif. | Photo Credit: Reuters Pakistan has decided to seek U.S. help for the revival of the stalled IMF loan programme, following the delay in the staff-level agreement with the International Monetary Fund, ARY News reported. According to sources within the Finance Ministry, the incumbent government has decided to seek Washington’s […]
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Honda Atlas Cars Pakistan Ltd has announced the longest plant shutdown to date in the current economic crisis amongst the country’s automakers, which are struggling to obtain raw materials due to import difficulties. The company, a unit of Japanese car giant Honda Motor Co Ltd , said its plant would shut from March 9, 2023, […]
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People buy pulses and grains at a wholesale market in Karachi on February 1, 2023. – The Sensitive Price Index, used to measure short-term inflation, rose to 38.42% on a year-on-year basis in Pakistan. | Photo Credit: AFP The yearly inflation hit a new high of 38.42% in the outgoing week in cash-strapped Pakistan as […]
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The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The IMF’s executive board will meet on August 29 to approve a bailout […]
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