The sources said the world body will also ask Islamabad to expand the tax net in the country, and added that the International Monetary Fund also wants Pakistan to decrease circular debts and losses in state institutions, the report said.
The currency plunged amid fears of IMF's painful structural reforms.
"In the case of taking advantage of the program, a big disaster would be knocking at our doors", Dr. Shahida Wizarat, a senior economist, told Arab News. The IMF wants the RBI to tighten monetary conditions, something which it did not do in the October policy review. Gas and power tariff hikes.
The IMF said its forecast for investment growth for FY19 is weaker than in April, despite higher capital spending in India, on account of contracting investment in economies under stress, such as Argentina and Turkey, which is also reflected in a downward revision for import growth.
"In the case of a flexible exchange regime the national currency, the Pak rupee, would further depreciate to around PKR140 against the U.S. dollar from the current PKR127".
Dr. Ikram ul-Haq, an expert on legal and economic matters, said: "The impact will be negative". The Trump administration has penalized almost half of all imports from China and has threatened more for the other half.
It also said inflation in India is on the rise, estimated at 3.6 per cent in fiscal year 2017/18 and projected at 4.7 per cent in fiscal year 2018/19, compared with 4.5 per cent in fiscal year 2016/17, amid accelerating demand and rising fuel prices.
The IMF expects that Russia's growth will reach 1.8 percent in 2019, according to the World Economic Outlook report released on Tuesday.
With global economy slowing down and countries across the world erecting trade barriers, Valecha says it is highly unlikely that exports from Pakistan will have a sharp turnaround.
Pakistan's fiscal deficit was on target to hit 7.2 percent of gross domestic product in the fiscal year ending in June 2019, but the government has introduced measures to bring it closer to 5 percent.
Pakistan's industrialists are also wary of the current economic trends over the unclear stand of country's leadership.
The IMF warned that the world faced a permanent hit to growth if the U.S. followed through on a threat to impose a 25% on all imported cars, and global tariffs hit business confidence, investment and borrowing costs.
Experts believe that the devaluation of currency and a gas and power tariff hike will lead to the closure of industries and ultimately would result in mass unemployment.
Immigration, firearms, and asbestos exposure cases will greet Brett Kavanaugh during his first week as a Supreme Court justice. Justice Kavanaugh took the two required oaths privately at the court last Saturday, letting him begin work right away.
The PlayStation 4 is the base model of Sony's current console, whereas the PlayStation 4 Pro is a visual step up. After years of silence, Sony recently confirmed its plans for a next-generation console after the PlayStation 4 .
Also fixed is an issue that'd cause the iPhone XS to connect to a rejoin a 2.4GHz Wi-Fi network over a 5GHz Wi-Fi network. Thus, the update to iOS 12 .0.1 should help some iPhone users experience faster Wi-Fi connectivity.
In this June 21, 2017, photo, special counsel Robert Mueller departs after a meeting on Capitol Hill in Washington. A lawyer for Zamel denied to the Times that he had discussed the proposal with anyone from the Trump campaign.
She represented Tennessee's 7th congressional district. "These are not MY Tennessee values", the "Fearless" singer said online. She also slammed Republican candidate Marsha Blackburn , a USA representative, and her record.
By the time the fourth inning was over, three of his calls were overturned and a fourth call was upheld on review. Twitter absolutely went off on Hernandez during and after the game and he was actually trending in the USA after.
Areas likely to be hardest hit include the Crestview-Fort Walton Beach area, Panama City and Florida's state capital, Tallahassee. Florida Governor Rick Scott said Michael was expected to be "the most deadly, destructive storm to the Panhandle in decades".
It is a hard decision. "You can see how he started the season and the World Cup that he had, you don't get many players like him". It is my dream since I was a kid. "I was proud to see the lads do really well and see how proud the country was of the boys".
Before playing for the first time, players will need to download and install a day one update for Call of Duty: Black Ops 4 . Blackout can be played as soon as update installation/download reaches 30% on either PS4, or Xbox One.
It would be a homecoming of sorts for McCoy, who spent his first six seasons in the National Football League with Philadelphia. The Eagles are 2-3 on the season after falling to the Minnesota Vikings on Sunday.
Several senior White House aides wondered about the timing of her decision, weeks before midterm congressional elections. We passed the toughest sanctions against any country in a generation, pressuring North Korea toward denuclearization.
Israel PM's wife goes on trial in delivery meals case
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Trump apologises to Kavanaugh for 'pain and suffering'
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Nikki Haley Resigns as United Nations Ambassador, Report Says
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Shangela Talks Working With Lady Gaga on A Star Is Born
Venom released on October 5th, 2018 and managed to clear over $ 80 million at the domestic box office during its first weekend. Third place went to Warner Bros.'s "Smallfoot", with earnings of $14.9 million in its second weekend.
Google is killing Google
Google says that like other tech companies, it has encouraged third-party developers to "build on top of our various services". The news comes as Silicon Valley companies have been increasingly scrutinized for their data collection practices.
Kim Jong-Un invites Pope Francis to visit North Korea
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Killed in New York Limo Crash is Deadliest Since 2009
Records indicate that the limousine company involved in the crash is owned by a noted Federal Bureau of Investigation informant. Converted limos that started out as smaller vehicles do pose some risks, former NTSB managing director Peter Goelz said.