IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet
Pakistan seeks another long-term IMF programme to support its ailing economy but experts say the focus must be on reforms.
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Pakistan seeks another long-term IMF programme to support its ailing economy but experts say the focus must be on reforms.
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Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans.
The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia.
Sonal Varma is chief economist at Nomura for the Asian region excluding Japan.
Support for the currency follows a years-long slide that even Japan’s first interest rate hike since 2007 and broad optimism about the economy has failed to arrest.
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