IMF approves $650b aid to fight corona
August 4, 2021
ISLAMABAD: International Monetary Fund (IMF) Tuesday approved the biggest resource injection in the Fund’s history, with $650 billion meant to help countries deal with mounting debt and the fallout from the COVID-19 pandemic, foreign media reported.
The creation of the reserve assets known as special drawing rights is the first since the $250 billion issued just after the global financial crisis in 2009, with Managing Director Kristalina Georgieva billing it as “a shot in the arm for the world” that will help boost global economic stability. The SDR allocation will be effective on Aug 23, the IMF said in a statement.
Pakistan FDI plunges by 28.9 pc in FY21, trade deficit grow
ANI
04 Aug 2021, 15:55 GMT+10
Islamabad [Pakistan], August 4 (ANI): Owing to the outbreak of the COVID-19 pandemic, Pakistan s net Foreign Direct Investment (FDI) has been decreased by 28.9 percent in the financial year 2021, as well as its trade deficit widened by 81.4 per cent.
Minister In-charge of the Prime Minister s Office in written replies to the questions of the members told the National Assembly during the question hour session on Monday that the net FDI stood at USD 1.847 billion during the period of 2020-21, reported Business Recorder.
He said that since, the outbreak of the COVID-19 pandemic, the global economy toppled and overall FDI flows across the world went down by 35 per cent in 2020 and this also affected the FDI inflows into Pakistan due to which net FDI decreased by 28.9 per cent in the financial year 2021.
ANISH CHAND
3 August, 2021, 10:46 am
Berenadeta Buliruarua
at the Nadi International
Airport departure drop-off
area. Australian taxpayers
will guarantee a loan
of $106 million to Fiji
Airports Ltd for its capital
works projects.
Picture: FILE/ BALJEET SINGH
Australian taxpayers will guarantee a loan of $106 million to Fiji Airports Ltd for its capital works projects.
The Australian Infrastructure Financing Facility for the Pacific (AIFFP) that is administered by the Department of Foreign Affairs and Trade has guaranteed the loan through the ANZ Bank.
“The total financing facility is $106 million with no foreign exchange exposure for Fiji Airports,” said Fiji Airports Ltd communications and public relations manager Christopher Chand.
August 3, 2021
ISLAMABAD: The government informed the National Assembly on Monday that Pakistan would soon come out of the FATF [Financial Action Task Force] grey list, as it had largely addressed its 26 out of 27 action items.
Responding to a question during the Question Hour, Minister of State for Parliamentary Affairs Ali Muhammad Khan said that Pakistan undertook enormous work to strengthen its anti-money laundering and combating the financing of terrorism regime and addressed the strategic counter-terrorist financing related deficiencies.
He said all 10 action items pertaining to the financial sector and border controls had been addressed. The minister said action items related to the UN designated persons was partially addressed and Pakistan was dealing with the matter as per its own laws.
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