Skip to main content

Posts

Pakistan economic slowdown, govt predicts increased inflation. "ECONOMIC BOOMB"

  The strapped for cash According to a media source on Saturday, the Pakistani government has warned of increased inflation and a downturn in the economy and has laid the blame for the escalating financial crisis on the failure to sign the vital agreement with the IMF. According to The Express Tribune newspaper, the Finance Ministry stated in its monthly outlook report released on Friday that political unrest has begun to fuel the high expectations for inflation. According to the ministry, inflation in March "may continue at the top bound as witnessed in February, when it reached 31.5 percent." Despite not providing a number this time, the market. The ministry also warned that the International Monetary Fund (IMF) program's USD 1.1 billion tranches of funds was taking longer than expected to finalize than expected. Even the State Bank of Pakistan's (SBP) contractionary monetary policies, according to the Finance Ministry, were unable to control inflation.

IMF board approves $15.6 billion loan for Ukraine

  As Russia's invasion entered its second year, the executive board of the International Monetary Fund on Friday approved a $15.6 billion financial package for Ukraine over four years as part of a $115 billion overall international support package, according to the IMF. The decision is anticipated to mobilize significant amounts of concessional financing from Ukraine's international partners and donors to assist in resolving the country's balance of payments issue, achieving medium-term external viability, and reestablishing debt sustainability. Good News IMF-board-approves-15-6-billion-loan-for-Ukraine

Imran Khan massive statement against BCCI for targeting Pakistan cricketers (31-3-2023)

 Imran Khan, a former captain of Pakistan, called the cricketing alliance between India and Pakistan a "sad affair" and denounced it. Khan accused India of acting haughtily and like a superpower in the world of cricket. The Board of Control for Cricket in India (BCCI), he continued, makes decisions on which nations to play against based on their capacity to support international cricket, and he added that this behavior is motivated by India's wish to maintain its position as a superpower. "The relationship between Pakistan and India is a sad and unhappy one. The way India today conducts itself as a superpower in cricket is incredibly arrogant. Due to their capacity for producing large sums of money,