IMF

The International Monetary Fund (IMF) has advised taking on less debt to tackle the rise in fuel oil prices in the global market and to reform the revenue sector by moving away from conventional practices. At the same time, the organization has said to ensure the quality of spending and to protect ordinary people.IMF Managing Director Kristalina Georgieva said this at a press conference on Wednesday at the Queen Sirikit National Convention Center in Bangkok. A separate briefing on fiscal policy...

As many as 36 percent of educated young people in Bangladesh are unemployed. In other words, 36 out of every 100 educated young people have no job. This information has emerged in a report by the International Monetary Fund (IMF). The report was published in the September issue of the IMF’s Finance & Development magazine.The IMF says youth unemployment is high across Asia, with the highest rates recorded among those with higher levels of education.According to the IMF report, AI can boost gr...

Pakistan’s Defence Minister Khawaja Asif has said that the country’s economy has “come out of the ICU.” Speaking in the National Assembly, he said that Pakistan, which was once at risk of defaulting on its debt, is gradually recovering and could achieve 6 to 7 percent growth within the next one to t...

Electricity prices have gone up paving the way for other products to hike their prices. Research shows that a proportional increase in electricity prices leads to an approximately fourfold increase in overall expenses. According to this calculation, a 16.68 percent average price hike at the consumer...

The economic fallout from the Iran war took a toll on European factories last month, dampening demand for manufactured goods while driving up raw material costs at the fastest pace in four years. Meanwhile, surveys released on Monday showed that Asian factories experienced growth, largely due to sto...