IMF approves $1.1 billion tranche release to Pakistan

The International Monetary Fund (IMF) Executive Board revived the stalled programme and approved the combined 7th and 8th reviews and release of $1.1 billion tranche under the Extended Fund Facility…

IMF downgrades its outlook for global economy for two years

The International Monetary Fund (IMF) downgraded its outlook for the global economy this year and next due to surging inflation and severe slowdowns in the US and China. “The outlook…