Wednesday, 17 October, 2018

Pakistan has formally requested for financial assistance

Pakistan       by Usman Arshad | Published Pakistan by Usman Arshad | Published
Jean Garcia | 11 October, 2018, 23:03

Lagarde said she would meet Pakistani officials on Thursday, with expectations that Islamabad will request a bailout over a looming balance-of-payments crisis, with Prime Minister Imran Khan saying this week his country needs $10-12 billion.

Moreover, the International Monetary Fund is now projecting the budget deficit to widen from 5.7 percent of GDP in 2017 to 6.5 percent of GDP in 2018 and 6.9 percent of GDP in 2019.

A bull run has taken USA equities to record highs this year.

Obstfeld said he was not concerned about the Chinese government's ability to defend its currency against further weakening but told a news conference that Beijing would face a "balancing act" between actions to shore up growth and ensuring financial stability.

Trump has led the escalating trade war because of what he believes are bad policies he said have created an $800 billion USA trade deficit.

The United States has become increasingly impatient with what it sees as a lack of support from nuclear-armed Pakistan in quelling a Taliban insurgency that US -led forces are fighting in neighboring Afghanistan.

Mr Khan said that the country was burdened due to debts incurred by the previous government and his government was constrained to borrow more money to pay back those debts.

It had warned how the United States and China was making the world a "poorer and more risky place" as the nations remain locked in a tit-for-tat trade conflict, slapping strings of tariffs on each other.

"It's tempting to be a bit depressed about this perspective but I'm actually hopeful because there is a clear appetite to improve and expand trade", she said.

Seann Walsh: Seann Walsh Speaks About Strictly Scandal
Katya had previously apologised via Twitter, saying: "I'm so sorry about any offence or hurt I may have caused with my actions". Seann, who was in a relationship with Rebecca Humphries at the time, told Zoe Ball: "I'm sorry for the hurt that I've caused".

He said the talks would be held for "such a programme, a stabilisation, a recovery programme, on which basis we could overcome this financial crisis".

Further threats to global economy include "unsettled" politics and the escalating trade tensions between the U.S. and China.

The downgrade reflects a confluence of factors, including the introduction of import tariffs between the United States and China, weaker performances by eurozone countries, Britain and Japan, and rising interest rates that are pressuring some emerging markets with capital outflows, notably Argentina, Brazil, Turkey, South Africa, Indonesia, and Mexico.

Kim said the World Bank has launched a "human capital index" to help rank countries by the level of their investments in such areas as education and health care.

On Tuesday, the International Monetary Fund said that it would listen to Pakistan's request for financial support "very, very attentively", as it did with any member with good standing.

Thursday's magnitude 6.0 quake offshore north of Bali shook the area where the IMF-World Bank delegates are meeting, but there were no signs of significant damage.

Pakistan is one of the biggest borrowers in China's global Belt and Road initiative, taking out billions of dollars in loans in recent years for infrastructure projects.

Finance Minister, Zainab Shamsuna Ahmed who is the leader of the Nigerian delegation to the Annual General Meeting is expected to be part of the meeting.

"If they don't want to ever hear our voices, what kinds of projects are we expecting?" said Joan Salvador, a member of a Philippine women's group.

Recommended

  • All US F-35s grounded worldwide

    All US F-35s grounded worldwide

    The engines of the aircraft will be checked for suspected faulty tubes and replacements made where necessary. The crash in SC involved an F-35B, which is able to land vertically and costs around $100m (£75m).
    Samsung launches phones with quad, triple cameras

    Samsung launches phones with quad, triple cameras

    A 3.5mm headphone jack is included on the bottom of the device, along with this phone's loudspeaker, and a charging port. Samsung's Android UI also looks considerably different compared to stock Android, so keep note of that too.

    Lancet report: Mental health disorders on the rise in India

    Half of all mental illness starts by the age of 14 with most cases undetected and untreated, according to the World Health Organisation's (WHO).
  • The battle of the Wilder - fury in jeopardy: we know why

    The battle of the Wilder - fury in jeopardy: we know why

    But Goodman said, "VADA has not been contacted to conduct testing (beyond the WBC Clean Boxing Program) leading up to this upcoming fight".
    Ronaldo insists sex was ‘completely consensual’

    Ronaldo insists sex was ‘completely consensual’

    He said the hacker then "tried to sell such information" after "significant parts" had been "altered and/or completely forged". In the statement the lawyer representing Ronaldo states: 'What occurred in 2009 in Las Vegas was consensual in nature.
    Soyuz crew reportedly alive after emergency landing

    Soyuz crew reportedly alive after emergency landing

    But more than a minute after launch, their Soyuz MS-10's booster failed. "An accident with the booster, 2 minutes, 45 seconds". Space officials from both Russian Federation and the USA said the two astronauts endured higher than normal G force.
  • PGA CIMB Classic Odds 10/8/18, Who Do Oddsmakers Favor?

    PGA CIMB Classic Odds 10/8/18, Who Do Oddsmakers Favor?

    Winning the Order of Merit is something I want to achieve by December and playing well here goes a long way to achieve that. TPC KL is one of those golf courses where I feel comfortable standing on the tee boxes and seeing what's in front of me.
    Senators Call for US Probe of Saudi Arabia in Khashoggi Case

    Senators Call for US Probe of Saudi Arabia in Khashoggi Case

    Khashoggi had, however, voiced distrust of the Saudi officials, and said they were unlikely to keep their words. A day earlier, the state department called for Saudi Arabia to conduct a thorough probe into the case.
    HMD introduces Nokia 3.1 Plus entry-level Android One smartphone

    HMD introduces Nokia 3.1 Plus entry-level Android One smartphone

    The rear cameras are a 13MP f/2.0 main module with a 5MP depth sensor while the front facing camera is a fixed-focus 8MP shooter. In addition to Nokia 6.1 Plus, HMD has said that it will be rolling out the Android Pie update for Nokia 6.1 as well in October.
  • Channing Tatum dating Jessie J?

    Channing Tatum dating Jessie J?

    They co-parent and have the same goals for their daughter, which is they want her to know that she is very loved'. We won't be commenting beyond this, and we thank you all in advance for respecting our family's privacy.

    "Nokia 3.1 Plus with 6" HD+ Display & 13MP Dual Cameras Launched

    Apart from this, it features WiFi 802.11 b/g/n, Bluetooth 4.1, GPS, micro USB, 3.5mm audio jack and micro SIM slot. The user experience is pretty much stock and except for the Nokia Camera app, there's no customisation whatsoever.
    Hands on with Google's Home Hub: The smart speaker for everything

    Hands on with Google's Home Hub: The smart speaker for everything

    And it provides access to Google products like Search, YouTube, Photos, Calendar, Maps, and more - all viewable from the display. Separately, the Google Home support page has been updated to support playback speed controls for news and podcasts.

Astronauts make emergency landing after escaping malfunctioning rocket Astronauts make emergency landing after escaping malfunctioning rocket Russian and USA space officials said that the crew is heading for an emergency landing in Kazakhstan at an unspecified time. NASA and Roscosmos officials say they are launching an investigation into exactly what went wrong with the rocket and why.

‘Keep my money’: Khabib threatens to quit UFC ‘Keep my money’: Khabib threatens to quit UFC You are pretty busy with that, I hope it won't get stuck in your throat. "We have defended our honor and this is the most important thing".

Kanye West Meets With Trump at White House, Drops F-Bomb Kanye West Meets With Trump at White House, Drops F-Bomb West, a long-time Trump supporter, also decried the allegedly widespread expectation that all black people should be Democrats. West, who collaborates with Adidas on its "Yeezy" line of footwear and apparel, had lunch with Trump in the Oval Office.

Chinese official charged with espionage against aviation companies Chinese official charged with espionage against aviation companies He appealed his arrest in Belgium, but his appeals ultimately failed and he was extradited to the US on Tuesday, authorities said. According to the Department of Justice he was captured in Belgium on April 1 as part of a counterintelligence operation.

Mohammed Dewji: Africa's youngest billionaire abducted by masked gunmen Mohammed Dewji: Africa's youngest billionaire abducted by masked gunmen Dewji was elected to parliament on the CCM ticket but did not seek re-election to his seat in the 2015 election. Dar es Salaam regional commissioner Paul Makonda was among government officials who arrived at the scene.

Met Office issues upgraded amber alert for Cardigan area Met Office issues upgraded amber alert for Cardigan area The weather has already caused misery this week for Scots, with strong winds and rain causing disruption to the transport network. The latest Storm Callum weather forecast from Met Éireann has warned of a severe impact.

Trump lunches with Kanye West, will talk justice reform Trump lunches with Kanye West, will talk justice reform President Donald Trump will have lunch Thursday with rapper Kanye West , who he calls a longtime friend. West also says that many people believe that if someone's black, then that person has to be a Democrat.

Hurricane Michael grows stronger on way to Florida Hurricane Michael grows stronger on way to Florida President Donald Trump told reporters on Tuesday: "We are very well prepared for the incoming hurricane". The storm's winds partially demolished some structures in Panama City and stripped off roofs.

Stock prices plummet amid tech selloff, rising interest rates Stock prices plummet amid tech selloff, rising interest rates The U.S. trade war with China has largely been brushed off by the markets, but the slide shows it may finally be taking a toll. The CAC 40 in France dropped 2.1 percent, Germany's DAX lost 2.2 percent and the FTSE 100 in London fell 1.3 percent.

Samsung Galaxy A9 is the First Quad-Camera Phone Samsung Galaxy A9 is the First Quad-Camera Phone While Samsung confirmed that it would be bringing the A9 (2018) to India, it did not reveal any specific launch date. The first sensor is an ultra wide sensor with 120-degree field of view, f/2.4 aperture, and 8-megapixel resolution.

Three Galaxy S10 versions spotted at Chinese telecoms regulator Three Galaxy S10 versions spotted at Chinese telecoms regulator The publication suggests that only the premium version of the possible trio of phones will be equipped with a triple camera setup. The Galaxy A9 has a 6.3-inch full HD AMOLED display that's edge to edge but with narrow bezels on the top and bottom.

Three dead as earthquakes strike Bali and Papua New Guinea Three dead as earthquakes strike Bali and Papua New Guinea Some guests at the hotel in Nusa Dua, south of Bali's main global airport fled outside after the strong tremor shook the building. The country is a particular hotspot for earthquakes as it is located on the Ring of Fire , a 40,000km area in the Pacific Ocean.

MALLORCA FLOODING DISASTER: Rescuers still searching for missing child and two foreigners MALLORCA FLOODING DISASTER: Rescuers still searching for missing child and two foreigners Spanish tennis star Rafael Nadal , who is from Mallorca, helped residents clear mud from their houses in Sant Llorenc. The British couple were reportedly in a taxi when they were caught in a flash flood in the town.

Verne Troyer’s Cause of Death Revealed Verne Troyer’s Cause of Death Revealed Evil and Austin Powers in the 1999 film Austin Powers: The Spy Who Shagged Me and its 2002 sequel Austin Powers in Goldmember . Troyer was hospitalized earlier that month after a friend found him "extremely drunk, upset and suicidal".

Netflix's The Witcher TV series casts Yennefer of Vengerberg and Ciri Netflix's The Witcher TV series casts Yennefer of Vengerberg and Ciri Destiny soon thrusts him together with Ciri , who holds a unsafe secret, and Yennefer as they navigate the Continent. Chalotra is also relatively new, but has a recurring role on the upcoming Netflix series Wanderlust .