Geopolitical Chessboard, Emerging Titans
The current global era is often considered the “Era of Blocs.” Worldwide, new blocs are emerging, and old blocs are expanding. Recent summits of global blocs mark the beginning of…
Turkiye pushes interest rates up to the highest level since 2003
ANKARA (Agencies): The Turkish Central Bank has, once again, hiked interest rates in the country, pushing its policy rate up five points to 30 percent, in a continued effort to…
India to help African nations develop digital payment systems
NEW DELHI (Agencies): India is in talks with a number of African countries, including Namibia, Mozambique and Kenya, to help them develop their own instant payment systems similar to that…
Use of euro in global payments nosedives – data
– SWIFT cross-border transactions in the single currency hit a historic low in July, according to RIA Novosti analysis LONDON (Agencies): The use of the euro for international settlements dropped…
Key BRICS Declaration Unveiled, Emphasizing Inclusive Multilateralism
Johannesburg (Agencies): A joint statement released on Wednesday at the 15th annual BRICS summit in South Africa underscores the commitment of member nations to advocate for inclusive multilateralism and addresses…
Pakistan’s PM thanks IMF MD for assistance in concluding $3 bln agreement
ISLAMABAD (APP): Prime Minister Muhammad Shehbaz Sharif had a telephonic conversation with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Friday and conveyed profound gratitude to her…
Tumbling US dollar a boon to risk assets across the globe
NEW YORK (Reuters): Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a…
Pakistan and IMF Agree on $3 Billion Stand-By Arrangement
ISLAMABAD (Agencies): Pakistan and the International Monetary Fund (IMF) have reached an agreement at the staff level for a $3 billion stand-by arrangement. This decision brings relief to Pakistan, which…
Pakistan finance minister says IMF deal expected within 24 hours
LAHORE (Reuters): Pakistan’s finance minister said late on Thursday that a staff level agreement for a crucial bailout deal with the International Monetary Fund was “very close” and expected in…