The Pakistan Stock Exchange (PSX) opened sharply lower on Thursday after India imposed a series of tough diplomatic measures on Pakistan, following the Pahalgam terror attack that killed 26 people. The benchmark KSE-100 index dropped 2.12%, or 2,485.85 points to 114,740.29 within the first five minutes of trading, as investors reacted to the escalating geopolitical … Read more
“We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,” says Viktor Shvets, Macquarie Capital.Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that … Read more
Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China as the cash-strapped country has already used the existing 30 billion yuan (USD 4.3 billion) Chinese trade facility, a media report said on Sunday. Finance Minister Muhammad Aurangzeb, who met with China’s Vice Minister of Finance Liao Min on the sidelines … Read more
The View from Washington: Who are Trump and Harris appealing to? | Video Credit: The Hindu In the third episode of The View from Washington, as the campaigning in the US elections heats up, we look at the gender divide among supporters of Kamala Harris and Donald Trump, the ethnic groups they have been targeting, … Read more
Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India’s enormous investment opportunities. Sitharaman addressed a roundtable on “Investment Opportunities in India” at the New York Stock Exchange (NYSE), the world’s oldest and … Read more
International Monetary Fund’s (IMF) first deputy managing director Gita Gopinath said that the global body prefers a progressive tax structure. In an interview, Gopinath, who is in India, said there should be better implementation of what’s there in terms of capital income taxes, property taxes can be encoded into the tax system properly. “With wealth … Read more
Hyderabad: India has the potential to become a USD 55 trillion economy by 2047 if state and central governments work hard to implement policies that will take the country’s growth from “what has been historically 7 % to 8% (in rupee terms)”, Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on … Read more
Julie Kozack. File | Photo Credit: Photo: X/@IMFSpokesperson “Sri Lanka’s macroeconomic policy reforms have started to “bear fruit” and the country is expected to reach agreements with external commercial creditors soon,” the IMF has said ahead of the second review of its $2.9 billion bailout programme to the cash-strapped country. Addressing a press conference on … Read more
The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report. “History suggests, and empirical evidence confirms, that governments tend to spend more and or tax less in election year,” Vitor Gaspar, the head of … Read more
The International Monetary Fund‘s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. “The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in … Read more