IMF Urges Crisis-Hit Sri Lanka To Decide On Debt Restructuring, Including With China: Report

Colombo: The International Monetary Fund has urged crisis-hit Sri Lanka to decide on debt restructuring, including with China, by October this year in order to obtain the applied bailout fund of USD 2.9 bn from the IMF, Daily Mirror reported.According to Daily Mirror, China’s delaying tactics clearly indicate that without their assistance, an IMF bailout would be impossible for Sri Lanka, Daily

May 27, 2023
Read More >>

Pakistan’s GDP Growth Rate For Current Fiscal Year Reaches 0.29 Pc

Islamabad: The statistics of the growth rate of the national economy of Pakistan during the current fiscal year released by the National Accounts Committee are shocking. The target of GDP growth rate for the current financial year was set at 5 per cent. However, the actual growth has been reported to be at 0.29 per cent, Pakistan vernacular media Dunya Daily reported.The growth target of the

May 27, 2023
Read More >>