Tag: billion

WASHINGTON: The International Monetary Fund has approved an immediate disbursal of USD 1.1 billion to Pakistan as part of a bailout package and said the country needs to take tough measures to bring its economy back on track. A decision in this regard was taken by the International Monetary ...

In a major shift, Australia is significantly upgrading its military capabilities with a record investment of A$50.3 billion over the next decade. Addressing the National Press Club, Deputy Prime Minister and Defense Minister Richard Marles highlighted that the country now faces its “most dangerous security environment” since World War ...

NEW DELHI — On 19 April, Indians will begin choosing a new parliament for the next five years, as Prime Minister Narendra Modi seeks a third consecutive term. Opinion polls put his Bharatiya Janata Party (BJP) and its allies ahead. They are up against the Indian National Developmental Inclusive ...

Mumbai: India’s current account deficit narrowed to USD 10.5 billion or 1.2 per cent of GDP in the October-December quarter as against USD 11.4 billion or 1.3 per cent in the preceding three months ending September, the Reserve Bank said on Tuesday. When compared to the year-ago period, the ...

#Pakistan News The International Monetary Fund (IMF) said Wednesday it had reached a staff-level agreement with Pakistan, which if approved by its board, will pay off $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis. The funds are the final tranche of ...

Source link www.rferl.org PRISTINA -- Kosovar Prime Minister Albin Kurti says he will not suspend a move by the central bank to ban the circulation of the Serbian dinar in parts of the country with Serbian majorities but will accept the forming of an Association of Serb-Majority Municipalities once ...

Pakistan and the International Monetary Fund on Wednesday reached a staff level agreement which, if approved by its board, will disburse $ 1.1 billion for the debt-ridden South Asian economy, the global lender said. The funds are the final tranche of a last-gasp rescue package Pakistan had secured last ...

The European Union announced a €7.4 billion funding package and an upgraded relationship with Egypt on Sunday, part of a push to stem migrant flows to Europe criticised by rights groups. Issued on: 17/03/2024 - 20:07 3 min The agreement lifts the EU’s relationship with Egypt to a “strategic ...

NEW DELHI: Cash-strapped Pakistan is planning to make a formal bailout package request to the International Monetary Fund (IMF) under the Extended Fund Facility (EFF), which facilitates a longer and larger package.According to reports, Islamabad is likely to seek a package of over 8 billion US dollars during the ...

China hikes defence budget by 7.2 per cent to USD 232 billion amid rivalry with US, frictions with neighbours – Kashmir Reader .recentcomments a{display:inline !important;padding:0 !important;margin:0 !important;} Beijing,: China on Tuesday increased its defence budget by 7.2 per cent to USD 232 billion as it continues with the massive ...