After the COVID-19 was declared a pandemic by the World Health Organization (WHO), various international financial agencies have been providing economic and technical assistance to countries in helping combat the economic impact. Accordingly, the International Monetary Fund (IMF) is providing emergency financial assistance and debt relief to member countries facing the economic impact of the … Read More “Pakistan ranks 3rd among Countries received relief from IMF” »
The Executive Board of the International Monetary Fund (IMF) on April 16, 2020 approved an amount of SDR 1.015 billion (USD 1.386 billion) for Pakistan. The request was made by Pakistan under the Rapid Financing Instrument (RFI) lending facility for grant of 50 percent of quota, entitled under the IMF`s COVID response measures. The quota … Read More “IMF approves USD 1.4 billion financial assistance to Pakistan” »
The Rapid Financing Instrument (RFI) is a lending facility of the International Monetary Fund (IMF) under which the IMF provides rapid financial assistance to its member countries facing an urgent balance of payments need. This facility is available to all members unlike the Catastrophe Containment (CC) window of the Catastrophe Containment and Relief Trust (CCRT) … Read More “What is IMF`s Rapid Financing Instrument (RFI)” »
The IMF Executive Board on April 13, 2020, approved immediate debt service relief to 25 of the IMF’s member countries. The debt relief is approved under the Catastrophe Containment (CC) window of the IMF`s Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic. … Read More “IMF Executive Board Approves Immediate Debt Relief for 25 Low Income Countries” »
A social issue is an issue that affects the proper functioning of a society. A situation is considered a social issue when the public recognizes it and when it contradicts the values accepted by society. As we know that Pakistan is a developing country, in this situation, it is facing several social issues and these … Read More “Social Issues In Pakistan And Their Adverse Effects” »
The Monetary Policy Committee (MPC) of SBP decided to reduce the policy rate by 100 basis points during its meeting held today 15th May 2020. The new policy rate will be at 8 percent which was 9 percent earlier. This decision is primarily based on the improved inflation outlook in light of the recent cut … Read More “SBP decides to reduce Policy Rate by 100 basis points” »
Earlier we had share our opinion on the economic impact of coronavirus in Pakistan. The economic situation is changing rapidly given the fact that the world has not been able to contain the coronavirus. Accordingly, we have decided to update our readers about the economic impact of COVID-19 on Pakistan and its direction in light … Read More “Economic direction of Pakistan after COVID-19: A review in light of major economic indicators” »
Do you believe that the words “ھامل ھٰذا کو مطالبے پرادا کریگا” written on the Pakistani currency notes means that the State Bank Of Pakistan (SBP) will give you GOLD equivalent to the face value of currency note? Well here is a reality check. The answer is a big NO. Let’s say if you have … Read More “Truth about “Hamil e Haza ko Mutalbay per Adda Karega” – Myth buster” »
The global economic is on a standstill for the past two months as the novel corona virus has affected almost all the countries around the world. These countries have placed complete or partial lockdown to contain the further spread of virus. While the global leaders and international financial institutions are finding ways to bring this … Read More “Main economic losers of the COVID-19 pandemic” »
Economic activity across the globe has come to a standstill as the COVID-19 pandemic situation is not normalizing. The International Monetary Fund (IMF) has stated that this economic situation will be the worst downturn since the Great Depression. The recovery of this situation will depend on the policy measures taken by the respective governments and … Read More “Policy decisions by Central Banks / Monetary Authorities to combat economic fall-out of COVID-19” »
