International Monetary Fund

The Sri Lankan crisis provides a stage for a nimble response from India that would not only bring immediate stability to our neighbourhood but also win the hearts of the Sri Lankan people. Prakash Chawla explains why.

The Pakistan Democratic Movement, an alliance of opposition MPs, has been attempting to entice Khan's coalition partners, some of whom were ready to quit him. The proposal will be debated in the House on Thursday, and a vote will be made within seven days.

A week ago, I had the opportunity to visit one of the beautiful and green country but witnessed the hardships that people are facing. Within a week, the currency exchange of 1 dollar equals to 200 Lankan rupees rose to 280 Lankan rupees.

The World Economic Outlook predicted that the Indian economy would grow at 9 per cent in 2022 but could dip to 7.2 per cent in 2023.

According to reports, it is said that monetary tightening and currency rate depreciation resulted in more significant inflation, public debt, and debt payments.

In a statement, the finance ministry said that the meeting approved an overarching Revised Circular Debt (power sector debt) Reduction Plan worth Rs 952 billion for the current fiscal year that would also involve an additional budget subsidy of about Rs 335 billion to meet another condition.

Iqbal informed the media that the nation has been importing tea by accepting loans. According to the federal budget document for the current fiscal year, Pakistan imported Rs13 billion (USD 60 million) more tea than the previous fiscal year.

Pakistan's currency fell to a record low of Rs 255 against the US dollar on Thursday, according to local media reports. The tumble comes after the cash-strapped government relaxed its grip on the exchange rate to win much-needed loans from the International Monetary Fund (IMF).

India's economic achievements and the positive outlook from the IMF underscore the country's determination to navigate challenges and pursue sustainable growth in the coming years.