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International Monetary Funds Special Drawing Rights

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Pak gets $1 bn IMF loan despite India's strong objection

 The International Monetary Fund has approved the immediate disbursement of about USD 1 billion to Pakistan under the ongoing Extended Fund Facility. IMAGE: A Pakistan Ranger stands guard before......

RBI sells special drawing rights to control fiscal deficit

 The Reserve Bank of India (RBI) has sold special drawing rights (SDRs) to the International Monetary Fund (IMF) for interim payment to the government for meeting the fiscal deficit target of 4.8......

Pakistan's Economy On Tenterhooks

 With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance,......

India's forex kitty jumps $10.47 bn to $636.09 bn

 India's forex kitty jumped by $10.47 billion to $636.09 billion for the week ended March 8, the Reserve Bank said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the......

Forex reserves drop $462 mn to $590.32 bn

 India's forex kitty decreased by $462 million to $590.32 billion for the week ended November 10, the Reserve Bank said on Friday. Photograph: Mohamed Abd El Ghany/Reuters In the previous reporting......

India's clout in IMF grows

The International Monetary Fund has roped in India as a member of its financial transactions plan.The plan includes around 30 countries, which contribute up to 40 per cent of their membership quota......

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