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IMF predicts highly uncertain current account outlook in 2020 Aug 04, 2020
4 Aug, 2020
ISLAMABAD- The International Monetary Fund (IMF), in its recent report released on Tuesday, said that the current account surpluses and deficits narrowed modestly in 2019, and the outlook is highly uncertain for 2020 across the world.The fund’s report on “External Sector Report: Global ...
IMF, World Bank to hold fall meetings virtually July 13, 2020
13 Jul, 2020
ISLAMABAD-The IMF and World Bank Group announced that their annual fall meetings will be mostly virtual due to the coronavirus pandemic. IMF Chief Kristalina Georgieva and WBG President David Malpass said they will be "flexible with the format of the meetings in light of developments." "Our goal is ...
IMF predicts recovery in Pakistan's economy during financial year 2021 July 10, 2020
10 Jul, 2020
ISLAMABAD-International Monetary Fund (IMF) has predicted recovery in Pakistan's economy during financial year 2021. In a report titled "Policy Actions Taken by Countries," IMF said a gradual recovery is expected in Pakistan's economy in Fiscal Year 2021 as the economy reopens. The report ...
IMF approves emergency funding for pandemic-hit Myanmar
27 Jun, 2020
ISLAMABAD-Washington,The International Monetary Fund said Friday it will provide Myanmar with $356.5 million in emergency funding, as the southeast Asian country battles an economic slump due to the coronavirus pandemic.The Myanmar economy is being impacted by the outbreak of COVID-19 through a ...
IMF Predicts Sharp Contraction Of 4.5% In Indian Economy In 2020, A Historic Low
24 Jun, 2020
ISLAMABAD-The IMF on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020, a "historic low," citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust six per ...
Pakistan, IMF agree to raise Govt employees’ salaries in budget
10 Jun, 2020
ISLAMABAD-Pakistan and the International Monetary Fund (IMF) have finally reached consensus agreement over the issue of increase in salaries of government employees in the upcoming 2020-21 fiscal year budget. According to details, the third round of budget talks between Pakistan and IMF was held in ...
Federal Board of Revenue to impose Rs.40 billion new taxes on direction of IMF
23 Nov, 2015
ISLAMABAD: Federal Board of Revenue FBR has decided to impose Rs.40 billion new taxes on people of Pakistan. The new taxes will be collected by increasing withholding tax rates on contractor and by the special excise duty on imports. As per details, new taxes will be imposed on the demand of ...
