The International Monetary Fund (IMF) cut Asia’s economic forecasts on Friday as global monetary tightening, rising inflation blamed on the war in Ukraine, and China’s sharp slowdown dampened the region’s recovery prospects.

IMF cuts Asia's economic forecasts & says China slowdown to drag on Asia growth

Asian stocks swing to 3-week high on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in US monetary tightening.

Asia stocks hit 3-week top, dollar near 5 weeks low

Pakistan's Prime Minister Imran Khan is on a two-day official visit to Malaysia where he is likely to seek monetary assistance to minimise cash-strapped Pakistan's dependence on an IMF bailout package.

Imran Khan was given an official welcome at the Dataran Perdana where he was greeted on arrival by Malaysia's Prime Minister Mahathir Mohamad at 9.40am Wednesday (November 21).

Prime Minister Khan is accompanied by Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umer, Information Minister Fawad Chaudhry and Adviser on Commerce Abdul Razak Dawood, Radio Pakistan reported.

This is Khan's first bilateral visit to Malaysia after assuming office in August.

Prime Minister Imran Khan and his Malaysian counterpart Mahathir Mohamad will have a tete-a-tete, followed by the delegation-level talks, the Foreign Office said.

The two countries enjoy warm brotherly relations founded in mutual respect friendship and understanding reinforced by strong cultural and religious affinities, the Foreign Office said in a statement last week.

Mr Khan's visit "would provide an opportunity to further cement the existing friendly and cordial bilateral relations by enhancing economic, trade and commercial ties, for our mutual benefit," the statement said.

(With inputs from PTI)

Pakistan's Prime Minister Imran Khan is on a two-day official visit to Malaysia where he is likely to seek monetary assistance to minimise cash-strapped Pakistan's dependence on an IMF bailout package.

Pakistan's Prime Minister Imran Khan is on a two-day official visit to Malaysia where he is likely to seek monetary assistance to minimise cash-strapped Pakistan's dependence on an IMF bailout package. Imran Khan was given an official welcome at the Dataran Perdana where he was greeted on arrival by Malaysia's Prime Minister Mahathir Mohamad at 9.40am Wednesday (November 21). Prime Minister Khan is accompanied by Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umer, Information Minister Fawad Chaudhry and Adviser on Commerce Abdul Razak Dawood, Radio Pakistan reported. This is Khan's first bilateral visit to Malaysia after assuming office in August. Prime Minister Imran Khan and his Malaysian counterpart Mahathir Mohamad will have a tete-a-tete, followed by the delegation-level talks, the Foreign Office said. The two countries enjoy warm brotherly relations founded in mutual respect friendship and understanding reinforced by strong cultural and religious affinities, the Foreign Office said in a statement last week. Mr Khan's visit "would provide an opportunity to further cement the existing friendly and cordial bilateral relations by enhancing economic, trade and commercial ties, for our mutual benefit," the statement said. (With inputs from PTI)

Pakistan PM Imran Khan arrives in Malaysia on two-day official visit; likely to seek aid

<div>Reserve Bank of India chief Raghuram Rajan on Monday defended his record in fighting inflation, and made a case for the&nbsp;monetary policy reforms he has championed, in his first public appearance since announcing that&nbsp;he will step down at the end of his tenure in September. 
 
In a speech, the outgoing&nbsp;governor of India&#39;s central bank, Reserve Bank of India,&nbsp;addressed critics who have accused him of keeping interest rates too high, saying they cannot &quot;have it both ways, want lower inflation as well as lower policy rates.&quot; 
 
 
&quot;The fact that inflation is fairly close to the upper bound of our target zone today suggests we have not been overly hawkish&nbsp;and were wise to disregard advice in the past to cut more deeply,&quot; Rajan said.</div>

<div> 
Consumer inflation hit a near two-year high of 5.76 per cent in May, or the upper end of the central bank&#39;s inflation target of 2 per cent to 6 per cent. 
 
Rajan also strongly defended the upcoming introduction of a monetary policy panel to set interest rates,&nbsp;a policy he has championed,&nbsp;saying &quot;the rewards will be many&quot;, including a more stable policy framework. 
 
(Reuters)</div>

Tells critics of his monetary policy reforms they can't have it 'both ways'

Reserve Bank of India chief Raghuram Rajan on Monday defended his record in fighting inflation, and made a case for the monetary policy reforms he has championed, in his first public appearance since announcing that he will step down at the end of his tenure in September. In a speech, the outgoing governor of India's central bank, Reserve Bank of India, addressed critics who have accused him of keeping interest rates too high, saying they cannot "have it both ways, want lower inflation as well as lower policy rates." "The fact that inflation is fairly close to the upper bound of our target zone today suggests we have not been overly hawkish and were wise to disregard advice in the past to cut more deeply," Rajan said. Consumer inflation hit a near two-year high of 5.76 per cent in May, or the upper end of the central bank's inflation target of 2 per cent to 6 per cent. Rajan also strongly defended the upcoming introduction of a monetary policy panel to set interest rates, a policy he has championed, saying "the rewards will be many", including a more stable policy framework. (Reuters)

Out not down: Indian central bank governor Raghuram Rajan defends his record

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