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Pak to approach IMF for 2nd bailout package ​ Wed, Apr 7 2021 12:06 IST | ​ 3 Views Pak to approach IMF for 2nd bailout package.. Image Source: IANS News Islamabad, April 7 : In a major decision aimed at curbing the worsening financial and economic situation of Pakistan due to the Covid-19 pandemic, Prime Minister Imran Khan has announced that his government will reach out to the International Monetary Fund (IMF) again, seeking a second relief package. The announcement by the premier came during the launch ceremony of the UN Development Programme's (UNDP) Pakistan National Human Develo...

Daily Times Pakistan to approach IMF for second Covid relief package * PM says every year, $1 trillion leaves developing countries for tax havens and $7 trillion are laundered out of poor countries April 7, 2021 Prime Minister Imran Khan Tuesday said that his government would approach the International Monetary Fund (IMF) for second relief package as third Covid-19 wave has gripped the country with its services sector hit badly. “We are going to speak to IMF because we see disruptions ahead. Just when our economy was recovering and all the indicators were positive, unfortunately we will hav...

Lifting people out of poverty my govt's main concern: PM Imran Khan tells UNDP By Tuesday Apr 06, 2021 Prime Minister Imran Khan addresses a meeting with members of the United Nations Development Programme, in Islamabad, on April 6, 2021. — YouTube PM Imran Khan thanks UNDP for human development report, says it will help the government "fine tune its policies". Says Pakistan to undertake new Ehsaas Programme effort, and provide incentive packages, for which it will seek the International Monetary Fund's help. Premier says stolen wealth parked in tax havens "leading to more deaths, poverty...

‘Half of Pakistan’s income is owned by 20% of its population’ Speakers at session on human development, inequality call for redressal of systemic flaws April 05, 2021 KARACHI: The issues of inequality must be understood in terms of wealth and ownership in our economy, and discourse on fighting inequality must be along the lines of foreign influences, gender disparity and social mobility. These views were expressed by panelists at a session titled, Human Development and Inequality, on the second day (Saturday) of the first international conference on economics and sustainable development...

ADB chief economist says regional economy will grow in current year Karachi April 4, 2021 Due to the Covid-19 pandemic, the regional GDP contracted by 0.2 per cent in 2020 with East Asia faring much better. After a sharp contraction last year, growth in South Asia will rebound in 2021 but the recovery will be uneven. Yasuyuki Sawada, the chief economist at the Asian Development Bank (ADB), said this on Saturday as he delivered the opening address on the second day of the 1st International Conference on Economics and Sustainable Development held by the Institute of Business Administration’...