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Pakistan secures IMF staff-level accord, aims for economic growth

Pakistan secures IMF staff-level accord, aims for economic growth

ISLAMABAD – Pakistan’s economic landscape is showing signs of recovery as Minister Shamshad Akhtar announced a staff-level agreement with the International Monetary Fund (IMF), signaling a positive shift following comprehensive stabilization measures. The country has been grappling with macroeconomic instability due to a combination of delayed reforms, political disruptions, and external pressures such as rising…

Pakistan finance minister calls for urgent debt management reforms

Pakistan finance minister calls for urgent debt management reforms

ISLAMABAD – Pakistan’s Finance Minister Dr. Shamshad Akhtar highlighted the critical need for comprehensive fiscal reforms at an Islamabad event today, stressing that managing the country’s unsustainable debt levels should top the national reform agenda. Speaking at a Sustainable Development Policy Institute gathering, Akhtar detailed the challenges posed by high servicing costs, which have consumed…

Singapore’s Q3 GDP tops initial estimates on financial services, tourism

Singapore’s Q3 GDP tops initial estimates on financial services, tourism

© Reuters. A view of the city skyline in Singapore December 31, 2020. Picture taken December 31, 2020. REUTERS/Edgar Su/ File Photo By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of risks to the…