Cash strapped Pakistan is still hopeful of an international monetary fund package. And in a last ditch effort to secure the loan, it is planning to introduce new taxes to appease the international fund. Pakistan plans to introduce new taxes and raise revenue by $750 million, just days before the new financial year begins on July 1. With the new tax proposals, Pakistan expects to secure at least 1.1 billion dollars in funding.

Pakistan's last-ditch effort for an IMF loan

Pakistan to introduce new taxes to appease IMF

Pakistan's dire economic crisis has forced it to take actions as per International Monetary Fund's conditions as the South Asian nation made tax-related announcements earlier this week.

Pakistan races against time with extreme tax measures to secure $1.1bn from IMF

Pakistan has changed its budget for the financial year starting on July 1, Finance Minister Ishaq Dar said on Saturday, including the latest fiscal tightening measures dictated by International Monetary Fund in a final effort to clinch a stalled rescue package.

Pakistan changes budget as dictated by IMF to clinch stalled funds

Pakistan's economy is facing a severe crisis, with no signs of financial relief in sight. Prime Minister Shehbaz Sharif met with the IMF Chief during the Global Financial Summit in Paris, making a last effort to secure the release of $1.1 billion in funding. Political instability, devastating floods, and shrinking foreign exchange reserves have hindered the negotiations for a loan renewal.

IMF disappointed with Pakistan's annual budget

Pakistan's IMF deal deadline is near and there is no signs of breakthrough. Frustration regarding this is now visible on Pakistani government. Pakistan's Finance Minister, Ishaq Dar lost his cool and allegedly engaged in a physical tussle with journalist over the question asked about the deal.

Pakistan's Finance Minister snaps at reporter when asked about IMF deal

The CBDC or the Central Bank digital currency is all set to go global, thanks to the International Monetary Fund, which is working on a global platform for CBDC transactions. The IMF wants countries to agree on a common framework for digital currencies for easy global transactions.

IMF looking at global platform for digital currencies

Pakistan Prime Minister Shehbaz Sharif is waxing lyrical about China as International Monetary Fund (IMF) continues to delay the release of bailout funding. Sharif hailed Beijing for "outstanding" financial support amid the 'inordinate' delay by the monetary body.

'China came to our help...': Pakistan PM waxes lyrical about Beijing as IMF delays bailout package

In a bid to foster efficient and fairer international transactions, the International Monetary Fund (IMF) is actively developing a global platform for Central Bank Digital Currencies (CBDCs), Reuters reported.

IMF backs a global central bank-backed digital currency network

The International Monetary Fund has expressed its disappointment over Pakistan's recent annual budget, calling it "insufficient" to meet the aims of its aid programme for the cash-strapped country.

IMF criticises Pakistan's budget, red flags new tax policies

One organization is clearly miffed with the Pakistan budget. That's the international monetary fund, with which Pakistan is in a deadlock over getting more funds. The IMF has called the budget "Insufficient" to meet the aims of its aid program for Pakistan. The criticism comes just weeks ahead of the July 31 deadline to review a 6.7 billion dollar IMF loan program.

IMF miffed with Pakistan budget

Pakistan is on the precipice of default, Moody's has warned. The credit ratings agency said time is running out for Pakistan to convince International Monetary Fund (IMF) to release the remaining tranche of the $2.

Pakistan running out of time, could default, says credit rating agency Moody's

Kristalina Georgieva, managing director of the international monetary fund, said her homeland, Bulgaria, was destined to enter the Eurozone despite political deadlock over the past three years... That deadlock has hampered the nation’s bid to join Europe’s single currency. Bulgaria, along with Croatia, joined the Euro-area’s waiting room, known as ERM-2, in 2020. But unlike Croatia, which adopted the Euro in January, Bulgaria, in recent years, has been plagued by political upheaval.

IMF chief backs Bulgaria's Euro zone integration plan

The International Monetary Fund (IMF) said it was working towards holding a board meeting with Pakistani authorities before a financing programme expires at the end of June.

IMF in touch with Pakistan for board meeting before finance deal collapses

Pakistan's Finance Minister Ishaq Dar said on Sunday (May 28) that his government would share the details of the upcoming budget with the International Monetary Fund (IMF) to unlock stalled funds.

Pakistan to share upcoming budget details with IMF to unlock stalled funds

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world economy would not have to wait until the 11th hour for a solution on the US debt ceiling.

IMF chief hopes US debt ceiling deal will come before '11th hour'

Egypt is in an economic crisis, its the worst in several decades. The cash-strapped land of pyramids needs to decide whether it wants to go for another round of currency devaluation or attract investments from West Asia before securing a $3 billion IMF loan.

Egypt's IMF package hits roadblock | World Business Watch

Ghana’s Central Bank paused its steepest phase of monetary tightening after securing a 3 billion dollar lifeboat from the International Monetary Fund. It expects the downward trend in inflation to continue. Ghana has maintained the policy rate at 29.5%

Ghana's inflation rate takes a dip at 41.2% in April

In the midst of its worst economic crisis in years, ghana receives a much-needed boost with the approval of a $3 billion, three-year loan program from the international monetary fund (IMF). The loan aims to help Ghana overcome immediate policy and financing challenges, revitalize growth, and reduce the country's debt burden.

Ghana's debt drama unfolds; IMF to the rescue

Ghana on Wednesday secured a $3 billion bailout from the International Monetary Fund (IMF), as per a Reuters report. "Congratulations to President @NAkufoAddo & his team on the $3 billion IMF-supported program approved by our Executive Board.

IMF comes to Ghana's aid with $3 billion loan

The International Monetary Fund says Sri Lanka's crisis-hit economy is expected to begin bouncing back in 2024. The country took a dent of 3% this year, amid its worst economic crisis since independence. An IMF team is currently visiting Sri Lanka until May 23 as part of regular consultations with the officials.

Sri Lanka economy crisis: IMF review team in the country until May 23

The International Monetary Fund stated that Pakistan's bailout money requirements had not altered, and the IMF's resident representative in Pakistan categorically refuted media claims to the contrary.

IMF: No change in Pakistan's financial requirements

Tunisia and Egypt are on the brink of major debt crises, with Tunisia facing a political crisis and uncertainty over IMF support. Egypt's debt-to-GDP ratio is reaching critical levels, compounded by currency devaluations and dwindling reserves. The countries' fiscal strains could have far-reaching consequences for the region. The involvement of gulf allies and the potential impact on global financial markets further intensify the gravity of the situation.

Drowning in debt: North Africa braces for impact

The US debt limit standoff makes the world nervous as IMF asks the Republicans and the Democrats to come to a consensus as delaying it would lead to serious consequences especially is US ends up defaulting. It might further lead to higher interest rates and broader instability.

IMF: Serious consequences if the US Lawmakers don't reach consensus on US debt limit

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