Thursday, July 10, 2025

Creating liberating content

Bitcoin climbed to new all-time high on Thursday, building on

X Corp’s CEO Linda Yaccarino looks on during the Senate

Content creator Rachel D’Cruz transformed an Indian sofa cover into

Related News

Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions. The price

X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Nathan Howard

Content creator Rachel D’Cruz transformed an Indian sofa cover into a stunning backless dress, showcasing creativity and patience. The DIY project, initially estimated to take 30 minutes, evolved into a

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage

Omar Marques | Lightrocket | Getty Images Microsoft‘s Outlook email service malfunctioned for several hours Wednesday and Thursday, prompting some people to post on social media about the inability to

RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global

Trending News

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group

Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their

Pakistan gets $1,023 million as second tranche from IMF under extended fund facility

Word Count: 636 | Estimated Reading Time: 4 minutes


Pakistan gets $1,023 million as second tranche from IMF under extended fund facility
The State Bank of Pakistan announced that these funds will reflect in the country’s foreign exchange reserves. (AI image)

Pakistan has obtained the second instalment of special drawing rights amounting to 760 million ($1,023 million) from the International Monetary Fund (IMF) through the extended fund facility programme.The State Bank of Pakistan announced on X (formerly Twitter) that these funds will be incorporated into its foreign exchange reserves for the week ending May 16, according to a Reuters report.Last week, India abstained from voting at the International Monetary Fund’s Executive Board meeting, expressing serious concerns about IMF bailout packages for Pakistan. India highlighted Pakistan’s status as a long-term IMF borrower with poor compliance regarding programme conditions. The substantial financial support has led to Pakistan amassing significant debt, effectively making it a ‘too big to fail debtor’ for the IMF, India said.Also Read | India-Pakistan ceasefire: How India’s punitive measures will continue to hit Pakistan’s fragile economy – explainedDuring the review of Pakistan’s Extended Fund Facility (EFF) programme ($1 billion) and assessment of a new Resilience and Sustainability Facility (RSF) programme ($1.3 billion), India raised doubts about the efficacy of IMF support, given Pakistan’s poor track record. India also raised concerns about the possible use of debt financing resources to support cross-border terrorism through state mechanisms.India highlighted how Pakistan’s military’s deep engagement in economic affairs poses substantial risks to policy execution and long-term reforms. Whilst a civilian government holds office, the armed forces continue to wield considerable control over the nation’s political and economic spheres, according to India’s statement.A UN assessment from 2021 recognised military-linked businesses as Pakistan’s ‘largest conglomerate’. The situation has grown more pronounced with the army now holding a pivotal role in Pakistan’s Special Investment Facilitation Council, India further noted.Also Read | Operation Sindoor: Can Pakistan economically afford a protracted conflict with India as tensions escalate? Here’s a reality check





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account