Pakistan formally requests an IMF bailout package ranging from USD 6 to 8 billion

20 Apr 2024

Pakistan has formally requested a new bailout package from the International Monetary Fund (IMF), seeking between USD 6 billion to USD 8 billion. The country has also proposed the possibility of additional funding through climate financing. The request includes asking the IMF to send a review mission next month to...

India’s foreign exchange reserves decline by USD 2.8 billion

27 Jan 2024

According to the latest data released by the Reserve Bank of India (RBI), India's foreign exchange reserves witnessed a decline of USD 2.795 billion, reaching USD 616.143 billion for the week ending on January 19, 2023. The central bank's weekly statistical data revealed that during the same period, the country's...

India to support clean water project at school in Tuvalu with 700,000 USD

06 Aug 2023

According to a statement from India's Permanent Mission to the UN, the country will contribute 700,000 USD from the India-UN Development Partnership Fund to the Tuvalu project to store and provide clean water in schools. Notably, the only public school in Tuvalu is called "Motufoua Secondary School." With a 760...

Pakistan lost USD 8.3 billion in remittances, exports in previous fiscal year

16 Jul 2023

According to Dawn, Pakistan lost USD 8.3 billion in remittances and exports during the previous fiscal year because the Pakistan Muslim League-Nawaz (PML-N)-led coalition government decided to satisfy the International Monetary Fund (IMF) for a USD 1.2 billion tranche. Due to a failure to pay attention to these two large...

Pakistan spending 66 per cent of forex on fuel imports

06 Nov 2022

Energy prices are on a surge worldwide due to Russia-Ukraine war and the economy is deteriorating due to inflation and its depreciating currency. Amid this, Pakistan is forced to spend 66 per cent of its forex reserve on fuel imports. According to reports, Pakistan presently spends over USD 21.43 billion...

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Pakistan formally requests an IMF bailout package ranging from USD 6 to 8 billion

India’s foreign exchange reserves decline by USD 2.8 billion

India to support clean water project at school in Tuvalu with 700,000 USD

Pakistan lost USD 8.3 billion in remittances, exports in previous fiscal year

Pakistan spending 66 per cent of forex on fuel imports

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