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India’s economy surges: IMF raises growth forecast to 6.8%

India’s economy surges: IMF raises growth forecast to 6.8%

16 Apr 2024

The International Monetary Fund (IMF) recently adjusted its growth forecast for India, raising it from 6.5% to 6.8%. This positions India as the fastest-growing major economy globally, surpassing China's projected growth of 4.6%. The IMF's World Economic Outlook attributes India's growth to strong domestic demand and a growing working-age population....

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EVMs Would Have Resolved Election Rigging in an Hour, says Imran Khan

EVMs Would Have Resolved Election Rigging in an Hour, says Imran Khan

17 Mar 2024

According to Dawn, incarcerated former Prime Minister Imran Khan remarked that if electronic voting machines (EVM) had been present it would have swiftly resolved all election rigging concerns within an hour. The founder of Pakistan Tehreek-e-Insaf expressed these views during a discussion with journalists at Adiala jail following updates on...

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IMF : India’s rice exports ban to fuel volatility in global food prices

IMF : India’s rice exports ban to fuel volatility in global food prices

26 Jul 2023

According to IMF Director and Chief Economist Pierre-Olivier Gourinchas, restrictions on the export of some varieties of rice by India are likely to increase global food price volatility. Additionally, they (the export ban on rice) may trigger reprisals. Therefore, we would encourage the removal of these kinds of export restrictions...

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India and China will account for half of global growth in 2023, says IMF

India and China will account for half of global growth in 2023, says IMF

07 Apr 2023

According to the International Monetary Fund (IMF), the global economy will grow by less than 3% in 2023, with India and China accounting for half of global growth that year. Global growth will remain around 3% over the next five years, the lowest medium-term growth forecast since 1990 and well...

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IMF urges Pakistan to take adequate steps to function as country

IMF urges Pakistan to take adequate steps to function as country

20 Feb 2023

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), urged debt ridden Pakistan to take adequate steps to function as a country and avoid finding itself in a dangerous position where it needs debt restructuring. She further added that "My heart goes out to the Pakistani people, who...

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Pakistani currency sees biggest 1-day slump in 20 years

Pakistani currency sees biggest 1-day slump in 20 years

27 Jan 2023

The Pakistani rupee saw its biggest one-day decline in over two decades on Thursday. The country's currency fell 9.6 per cent against the dollar on Thursday, according to the central bank of the South Asian country. The slump was so severe that it prompted the International Monetary Fund (IMF) to...

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Pakistan likely to cut 10 % salaries amid looming economic crisis

Pakistan likely to cut 10 % salaries amid looming economic crisis

26 Jan 2023

Amid growing economic crisis in cash-strapped Pakistan, different proposal are being considered including 10 % salary cut of government employees across the board. Pakistan is grappling with one of the country's worst economic crises in recent years amid dwindling foreign exchange reserves.   As per the reports of Geo news,...

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Pak rupees hit new low against USD, slides to Rs 227.88 a dollar

Pak rupees hit new low against USD, slides to Rs 227.88 a dollar

11 Jan 2023

As the economic crisis continues in Pakistan, the Pakistani rupee has fallen to a new low against USD. It slid to Rs 227.88 against the US dollar in the interbank market, as per the report of The Express Tribune. The latest drop came after the Pakistan government failed to make...

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