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3 mins read

Amid growing political uncertainty in Pakistan, IMF expresses concern over its financial stability

The IMF noted that despite a coalition government formed by the alliance of Pakistan Muslim League-…

ANI   


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2 mins read

RBI sees price of India's crude oil imports at $85 a barrel in FY25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…

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2 mins read

De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says

Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…

Jennifer Sor   


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3 mins read

India's economic narrative brighter; takes charismatic lead in global economic evolution: K M Birla

"With a government-led push to infrastructure investments and pragmatic policies such as the pr…

PTI   


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2 mins read

Upside risks for inflation sizable, central banks must stay resolute: IMF's Gita Gopinath

She said central banks must remain resolute in keeping policies tight and recognize that insufficie…

ANI   


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2 mins read

Huge growth in an 'opaque' corner of global finance could be a risk to broader market stability, IMF warns

"The migration of this lending from regulated banks and more transparent public markets to the more…

Filip De Mott   


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4 mins read

Global inflation to drop this year amid subpar economic growth: IMF

In most economies, amid the cost-of-living crisis, the priority remains to achieve sustained disinf…

ANI   


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1 min read

A Russian gas cutoff would send Europe into recession unless nations around the world pooled their dwindling supplies together, IMF says

Under a best-case scenario, the EU's economy would contract by 0.4%, but shrink by more than 2% in …

Phil Rosen   


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1 min read

The IMF is about to slash its global growth forecast for the 2nd time in 3 months as high inflation, China lockdowns, and war in Ukraine hammer economies

World leaders need to unite and foster closer ties to boost global economic growth, the IMF's Krist…

Brian Evans   


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2 mins read

Inflation in India expected to come down to 5 pc in 2023 and 4 pc in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending Marc…

PTI   


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3 mins read

Indian economy retains its crown as a bright spot: IMF report

India's economy has retained the crown of "a bright spot" in the International Monetary Fund's late…

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1 min read

Pakistani rupee sees highest one-day fall in 20 years

The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This …

ANI   


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3 mins read

Inflation may be past peak but cost of living crisis is far from over, say experts

Gita Gopinath, Deputy Managing Director of the International Monetary Fund, said, "we do believe th…

PTI   


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1 min read

Fragmentation can cost 7% of the global GDP, will face risk if we don't unite now: IMF chief

Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fra…

PTI   


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2 mins read

Pakistani rupee hits a new low, slides to 227.88 a dollar

The fresh drop came after the government failed to make any headway in its talks with the Internati…

ANI   


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1 min read

Third of global economy will be in recession this year, says IMF

International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global …

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1 min read

Forex reserves fall to $562 billion during period ending Dec 23: RBI data

India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, accor…

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2 mins read

The IMF slashes its 2022 global growth forecast as the Russia-Ukraine war inflicts significant economic damage

The IMF sees Ukraine's economy contracting by 35% and Russia's economy shrinking by 8.5% in 2022.

Carla Mozée   


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2 mins read

Pakistan's FDI plunges 52% in four months says a Dawn report

On Monday, the Pakistan State Bank issued the latest data, showing the FDI fell to USD 348.3 millio…

ANI   


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2 mins read

Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says

Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0.4 percentage points …

Filip De Mott