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International Monetary Fund

IMF to launch new form of aid — with no money

WASHINGTON: The International Monetary Fund announced on Wednesday it will launch a new tool to support governments in financial trouble -- but one that involves no money -- formalizing a step it took last week for Greece. Instead of…

Pakistan’s trade deficit widens to historic high

ISLAMABAD: The trade deficit of the country has widened to a historic level in first nine months of the current fiscal year (FY2016-17) by showing enormous increment in the country’s imports and reduction in its exports, ARY News reported.…

Sri Lanka says it secures $1.34 bn World Bank loan

COLOMBO: Sri Lanka has secured $1.34 billion in loans from the World Bank to boost the cash-strapped island's economy over the next three years, the finance ministry said Saturday. The loans would be at concessionary rates and repayments…

Qatar to spend $13bn on ‘mega projects’ in 2017

DOHA: Qatar will invest up to $13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices, the Gulf state's finance minister said on Tuesday. Ali Shareef al-Emadi predicted growth…