Thursday, July 10, 2025

Creating liberating content

MUMBAI: Another large-size IPO is being planned in the current

Piyush Goyal (File photo) New Delhi: Commerce and industry minister

Related News

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

Some sarcomas develop deep inside the body, such as in the abdomen or chest. These may not cause lumps you can feel, but can cause other symptoms like: Abdominal pain

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10%

Piyush Goyal (File photo) New Delhi: Commerce and industry minister Piyush Goyal said on Wednesday that free trade agreements (FTAs) will help domestic farmers with greater market access in. Australia,

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global

Nvidia became the first company in history to achieve a $4-trillion market valuation, cementing its status as a kingpin in the global financial market.Shares jumped 2.8% to $164 on Wednesday

Trending News

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10%

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global

Nvidia became the first company in history to achieve a $4-trillion market valuation, cementing its status as a kingpin in the global financial market.Shares jumped 2.8% to $164 on Wednesday

MUMBAI: The proposed 50% import duty on copper by US President Donald Trump is expected to have minimal impact on India due to its limited exports to America. Hindalco, the

The Defence Research and Development Organisation (DRDO) has signed over 2,000 technology transfer agreements and issued more than 200 production licences so far in 2024, significantly advancing India’s push for

Target where it hurts: India wants Pakistan back on FATF ‘grey list’; to oppose World Bank loans

Word Count: 718 | Estimated Reading Time: 4 minutes


Target where it hurts: India wants Pakistan back on FATF ‘grey list’; to oppose World Bank loans
Pakistan’s removal from the FATF grey list in 2022 had enhanced its standing with financial institutions – a crucial factor for its struggling economy. (AI image)

India is looking to block Pakistan’s source of funds in its fight against the neighbouring country’s state-sponsored terrorism. After opposing the IMF’s bailout package for Pakistan, India is now planning to contest the upcoming World Bank loans to Pakistan as well.Additionally, India plans to urge the Financial Action Task Force (FATF), an international financial crime monitoring body, to reinstate Pakistan on its “grey list”, according to a senior government official quoted by Reiters,Pakistan’s removal from the FATF grey list in 2022 had enhanced its standing with financial institutions – a crucial factor for its struggling economy.A few weeks ago, the IMF had granted the bailout package to Pakistan, citing its improved economic conditions. India had abstained from voting at the International Monetary Fund’s Executive Board meeting, expressing serious concerns about IMF bailout packages for Pakistan.Also Read | ‘Met targets’: IMF defends $1bn bailout package to Pakistan despite India’s pushbackIndia had highlighted Pakistan’s history 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.India had raised doubts about the efficacy of IMF’s support to Pakistan, citing its poor track record. India also raised concerns about the possible use of debt financing resources to support cross-border terrorism through state mechanisms.IMF has justified its bailout package support to Pakistan saying that the country had met all essential criteria to qualify for its most recent loan disbursement.Meanwhile, Prime Minister Narendra Modi has delivered a resolute message following the India-Pakistan ceasefire.. “India’s stand is very clear… Terror and talks cannot go together… Terror and trade cannot go together…. Water and blood cannot flow together,” PM Modi has said.Also Read | All trade routes closed for Pakistan: India scrutinising imports from UAE, Iran & other Gulf countries to spot Pakistani goodsFollowing the Pahalgam terror attack and before Operation Sindoor, India implemented various economic and strategic sanctions against Pakistan, designed to impact its already weakened economy.These measures, ranging from the suspension of the Indus Waters Treaty to comprehensive restrictions on direct and indirect trade relations, continue to remain active.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account