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    Sri Lanka settles part of India’s credit line

    by Newsdesk-Top NewsIndia NewsSri LankaMarch 25, 2023March 25, 2023

    State Minister for Finance Ranjith Siyambalapitiya said that $120 million was used to settle the loan taken from India, reports Susitha Fernando Sri Lanka has used the very first tranche…

    IMF in a bind over Pakistan funding sustainability

    by Newsdesk-Top NewsAsia NewsMarch 22, 2023March 22, 2023

    The political situation in Pakistan has become a factor in the deal’s postponement…reports Asian Lite News The International Monetary Fund (IMF) is in a dilemma regarding the sustainability of its…

    Lanka bailout: IMF stresses anti-corruption, governance reforms

    by Newsdesk-Top NewsAsia NewsSri LankaMarch 21, 2023March 21, 2023

    On Monday night, the IMF approved the 48-month extended arrangement under the Extended Fund Facility (EFF) of $2.9 billion….reports Asian Lite News After Sri Lanka secured the $2.9 billion International…

    IMF to approve $2.9 bn bailout package for Lanka

    by Newsdesk-Top NewsAsia NewsSri LankaMarch 19, 2023March 19, 2023

    Sri Lanka started the related negotiations with the international lender in 2022 after the South Asian country was hit by a severe economic crisis….reports Asian Lite News Sri Lankan central…

    Pakistan now turning to ‘Gulf friends’ to unlock IMF loan

    by Newsdesk-Top NewsArab NewsAsia NewsMarch 17, 2023March 17, 2023

    All eyes are now on the UAE, Qatar, and the Kingdom of Saudi Arabia (KSA) to save Pakistan’s struggling economy….reports Asian Lite News Pakistan is now turning to the Gulf…

    Miftah Ismail: IMF doesn’t trust Pak finance ministry

    by Newsdesk-Top NewsAsia NewsEconomyMarch 14, 2023March 14, 2023

    The trust gap between Pakistan and IMF widened unabated after previous authorities contravened the agreed terms…reports Asian Lite News Former Finance Minister of Pakistan Miftah Ismail on Friday said that…

    Pakistan’s IMF bailout in jeopardy

    by Newsdesk-Top NewsAsia NewsEconomyMarch 12, 2023March 12, 2023

    Islamabad has embraced the bitter pill of IMF conditionality because it has come on the verge of default and economic collapse…reports Asian Lite News Amidst political uncertainty saturating and economic…

    US urges Pakistan to stick with IMF for improving economy

    by Newsdesk-Top NewsAsia NewsUSAMarch 9, 2023March 9, 2023

    Pakistani side informed the IMF that Islamabad implemented all harsh measures and both sides should move towards signing the state-level agreement…reports Asian Lite News Washington has encouraged Pakistan to continue…

    Pakistan on its knees before IMF

    by Newsdesk-Top NewsAsia NewsEconomyMarch 2, 2023March 2, 2023

    The cash-strapped country is undertaking key measures to secure a $1 billion tranche from the IMF under the ninth review of the EFF….reports Asian Lite News Desperate to revive the…

    Pakistan irked as IMF ‘shifts goalposts’

    by Newsdesk-Top NewsAsia NewsEconomyMarch 1, 2023March 1, 2023

    The Authorities are extremely annoyed at the latest situation, describing it as ‘maltreatment’….reports Asian Lite News The Pakistan government has been trying to put on a brave face in its…

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