Pakistan’s $6 bn IMF loan request to help incoming government repay billions in debt | Oneindia News
Video Credit: Oneindia - Duration: 02:03s - Published
Pakistan’s $6 bn IMF loan request to help incoming government repay billions in debt | Oneindia News
In a bid to address its mounting debt obligations, Pakistan is set to seek a new loan of at least $6 billion from the International Monetary Fund (IMF), according to a report by Bloomberg News.
The announcement comes as the country grapples with the repayment of billions in debt scheduled for this year.
US State Department warns businesses of potential sanctions risks regarding deals with Iran following Iran's engagement with Pakistan. Recent US sanctions target entities aiding Pakistan's ballistic missile program, including Chinese companies. The Pentagon reaffirms positive relations with Pakistan, emphasizing its importance as a regional security partner.
#Biden #JoeBiden #VedantPatel #USSanctions #Sanctionlist #Pakistannews #Irannews #Worldnews #news #Oneinda #Oneindia news
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India indirectly criticizes China for using 'holds' as disguised vetoes in UNSC sanctions committees, hindering the listing of Pakistan-based global terrorists... IndiaTimes
During his visit to Pakistan, Iranian President Raisi issued a stern warning to Israel, cautioning against any attack on Iranian territory, hinting at potentially dire consequences for the "Zionist regime." He highlighted Iran's retaliatory strike on Israel in April and emphasized solidarity with Palestine. Raisi's visit also aimed to strengthen economic ties between Iran and Pakistan, with agreements signed to foster cooperation.
#iranisrael #iranisraelwarnewstoday #iranisraelwarnewstodaylive #iranisraellatestnews #iranisraelattack #iranisraelnewstoday #iranisraelwarnews #Worldnews #Oneinda #Oneindia news
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External Affairs Minister S Jaishankar criticized the previous Congress-led UPA government for choosing not to retaliate after the 2008 Mumbai terror attacks,.. IndiaTimes
Former Pakistani Prime Minister Nawaz Sharif embarked on a discreet five-day visit to China with his grandson and personal staff. The purpose of the trip, kept under wraps by his party, PML-N, sparks speculation, including potential medical check-ups and undisclosed meetings with Chinese companies for Punjab development projects.
#nawazshariflatestnews #nawazsharifnews #nawazsharifspeech #nawazsharif #China #PMShehbazSharif #XiJinping #ChinaPakistan #Worldnews #Oneinda #Oneindia news
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A magnitude 6.5 earthquake struck Japan's Bonin Islands, as reported by the United States Geological Survey (USGS) on Saturday (April 27). The quake occurred at a depth of 503.2 km (312.7 miles). The US National Tsunami Warning Center confirmed that no tsunami warning was issued based on the available data.
#JapanEarthquake #BoninIsland #USGS #Magnitude6.5 #EarthquakeAlert #NaturalDisaster #EmergencyResponse #TectonicActivity #SafetyFirst #DisasterPreparedness
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The HMS Diamond, a UK warship, intercepted a ballistic missile launched by Houthi rebels in Yemen, marking the Royal Navy's first such interception since the Gulf War. Deployed in the Gulf of Aden to protect a commercial vessel, the Type 45 destroyer used advanced Sea Viper missile interceptors. The targeted ship, MV Yorktown, was unharmed. This highlights escalating tensions in the region, with Houthi rebels employing Iranian-origin missiles and drones
#HMSDiamond #UKWarship #HouthiRebels #GulfWar #GulfofAden #IsraelGaza #Gazawar #Worldnews #Oneinda #Oneindianews
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Student protests against Israel's actions in Gaza spread across US campuses, with over 550 arrests. Demonstrators urge universities to sever ties with companies aiding Israel and some call for disengagement from Israel itself. Clashes erupted at various campuses, leading to arrests and cancellations of events.
#studentsprotestforpalestine #studentsprotestisrael #studentsprotestagainstisrael #studentsprotesthamas #Worldnews #IsraelHamas #Oneinda #Oneindia news
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Catch the latest updates from Phase 2 of the elections, including voter turnout in Jammu & Kashmir, PM Modi's remarks on the Supreme Court judgment, the tragic incidents at Kerala booths, and more. Stay informed with Oneindia.
#OneindiaPollPulse #LokSabhaElections #Phase2 #ElectionPhase2 #LokSabhElections2ndPhase #RahulGandhiAmethi #PriyankaGandhi #JammuVotes #KeralaBoothCollapse #KarnatakaForestTheme #Oneindia
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Heavy rainstorms have devastated southern China, claiming lives and causing widespread damage. Rescue efforts are ongoing, with 10 people still missing. Chen Min, vice minister of water resources, has urged stronger flood control measures. Footage shows dramatic scenes of cars being swept away and rescuers evacuating residents. The Central Meteorological Observatory has issued rainstorm warnings, forecasting continued heavy rainfall. Neighboring Jiangxi province is also grappling with floods and crop damage.
#chinarains #chinarainnewstoday #chinafloodslatestnewstoday #chinafloodslatestnewstodaylive #chinafloods #chinafloods2024 #chinafloodsvideo #Oneinda #Oneindia news
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IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports. .
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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Why does the world need more women in the labour market and managerial positions? Kristalina Georgieva, the International Monetary Fund's Managing Director, shares her thoughts on the Global Conversation.
Credit: euronews (in English) Duration: 08:00Published
Nitasha Kaul, a UK-based Indian-origin professor, claimed she was denied entry into India despite being invited by the Karnataka government for a convention. Immigration officials allegedly cited her..
Pakistan plans to seek a $6 billion IMF loan to repay looming debts. The federal budget allocates $2.5 billion from the IMF, as Pakistan faces a $22 billion debt burden with reserves covering just one..
Two political parties in Pakistan have reached a formal agreement to form a new government following an election mired in controversy. The Pakistan Muslim League-Nawaz (PMLN) and the Pakistan Peoples..
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