ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar, who is likely to be the next finance minister of the country, says the country’s economy may need more than $12 billion to fend off a looming financial crisis. In an interview…
WASHINGTON: U.S. Secretary of State Mike Pompeo has warned that any potential International Monetary Fund (IMF) bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders. In an interview with CNBC…
LONDON: Britain's Serious Fraud Office said on Tuesday it had charged Barclays bank and four former managers, including a chief executive, with "conspiracy to commit fraud" linked to emergency fundraising from Qatar during the financial…
ISLAMABAD: International Monetary Fund (IMF) chief Christine Lagarde has said that Pakistan still faces economic challenges despite improvements in the sector. Lagarde, in a meeting with Finance Minister Ishaq Dar congratulated Pakistan on…
ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Friday said that protesting Pakistan International Airlines (PIA) employees cannot hold the country hostage.
NICOSIA, CYPRUS: The International Monetary Fund on Wednesday approved the disbursement of 126.3 million euros ($137.4 million) to Cyprus after the Eurozone member passed its ninth and penultimate review of its bailout programme.
BERLIN: Germany wants the International Monetary Fund involved in Greece's new bailout because of the economic rigour it brings more than for any financial help, government sources said on Thursday.
ATHENS: Greece will introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff to a dangerous new level.
NEW YORK: The euro retreated against other major currencies Friday as struggling Greece refused to meet with its international creditors and rejected fresh loans, and the eurozone showed weaker inflation.