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Pakistan plans PKR 100 billion defence boost tied to IMF revenues and anti corruption reforms

Pakistan plans PKR 100 billion defence boost tied to IMF revenues and anti corruption reforms

Pakistan is preparing its 2026-27 budget with an IMF-linked reform programme, aiming to lift defence spending by about PKR 100 billion. Defence expenditure is estimated at PKR 2.665 trillion, up from PKR 2.564 trillion this year. The IMF projects federal revenues to climb to PKR 17.144 trillion, over PKR 2 trillion higher than the current year, alongside a 13.5% increase. The plan also includes digitising all federal and provincial payments by June 2027, identifying 10 corruption-prone institutions, and strengthening provincial anti-corruption agencies.

Summarised by Beize from a story on The Economic Times on 16 May 2026
India’s forex reserves surge by $6.295 billion to nearly $697 billion as gold and FX jump

India’s forex reserves surge by $6.295 billion to nearly $697 billion as gold and FX jump

India’s foreign exchange reserves climbed by $6.295 billion to $696.988 billion in the week ended May 8, the RBI said. The previous week saw reserves fall by $7.794 billion to $690.693 billion. The increase was driven by higher foreign currency assets, which rose by $562 million to $552.387 billion, and a major $5.637 billion jump in gold reserves to $120.853 billion. SDRs and India’s IMF reserve position also edged up.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Pakistan receives 1.3 billion IMF loan split across two programs for stability and climate resilience

Pakistan receives 1.3 billion IMF loan split across two programs for stability and climate resilience

Pakistan has received a USD 1.3 billion IMF disbursement through two funding streams: the Extended Fund Facility and the Resilience and Sustainability Facility. The central bank said the package is meant to support economic stabilization while also tackling climate-related challenges as part of the IMF’s broader resilience agenda.

Summarised by Beize from a story on The Economic Times on 13 May 2026
IMF tells Pakistan to crack down on trade based money laundering before next budget

IMF tells Pakistan to crack down on trade based money laundering before next budget

The IMF has urged Pakistan to take swift and strict action against trade-based money laundering ahead of the FY 2026-27 federal budget. The IMF flagged concerns about suspicious financial activity and noted gaps in how beneficial ownership information is shared, pressing Pakistan to strengthen financial oversight mechanisms before budget decisions come due.

Summarised by Beize from a story on Republic on 12 May 2026
IMF forecasts 2.5 billion net income in 2026 as uncertainty looms large

IMF forecasts 2.5 billion net income in 2026 as uncertainty looms large

The IMF projects about $2.5 billion in net income for 2026, rising to $2.6 billion in 2027 and 2028. It expects precautionary balances to reach $35.9 billion by 2026, giving the fund added financial cushioning. The IMF will keep its lending rate margin at 60 basis points for member countries.

Summarised by Beize from a story on The Economic Times on 9 May 2026
IMF clears Pakistan for 1.32 billion fresh funding after programme review

IMF clears Pakistan for 1.32 billion fresh funding after programme review

The IMF board approved reviews of Pakistan’s existing loan programmes, enabling the country to access roughly $1.32 billion in fresh funding immediately. The decision follows programme assessments tied to Pakistan’s economic targets, signaling continued support as Pakistan navigates repayment and stabilization challenges.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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IMF Warns AI Powered Cyber Attacks Could Shake Global Financial Markets

IMF Warns AI Powered Cyber Attacks Could Shake Global Financial Markets

The IMF has warned that AI driven cyber incidents could produce extreme losses that ripple into the financial system. It says funding strains may follow, solvency concerns could emerge, and markets could see wider disruption as vulnerabilities evolve faster. The warning highlights how AI is changing both the scale of cyber risk and the potential for broader financial instability.

Summarised by Beize from a story on Republic on 8 May 2026
Jaishankar says India de risks the world economy with IMF backing and 17 percent global growth forecast

Jaishankar says India de risks the world economy with IMF backing and 17 percent global growth forecast

External Affairs Minister S Jaishankar, during a Caribbean tour, said India helps “de-risk” the international economy. He cited IMF projections that India will contribute about 17% of global growth in 2026. The minister added that India is still the fastest-growing major economy, supported by strong momentum and stabilising domestic inflation.

Summarised by Beize from a story on The Economic Times on 8 May 2026
IMF warns AI cyberattacks are inevitable and could shake global financial stability

IMF warns AI cyberattacks are inevitable and could shake global financial stability

The IMF says AI powered tools are set to fuel cyberattacks that threaten global financial stability. With finance systems deeply interconnected, a single breach can rapidly spread risk. The IMF urges stronger international cooperation and faster defenses, warning that emerging economies may be hit harder due to weaker cybersecurity infrastructure and preparedness.

Summarised by Beize from a story on The Economic Times on 7 May 2026
IMF warns India to raise petrol diesel prices soon as crude costs surge

IMF warns India to raise petrol diesel prices soon as crude costs surge

With assembly elections over, speculation is growing that India may see petrol and diesel price hikes. Despite government assurances, the IMF urges the country to pass on rising crude oil costs to consumers, arguing it could curb demand and help the market adjust. The IMF also backs targeted subsidies for vulnerable groups rather than broad price controls.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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IMF warns conflict through 2027 could wreck growth as oil may hit 125

IMF warns conflict through 2027 could wreck growth as oil may hit 125

IMF chief Kristalina Georgieva warns the global economy could face a much worse outcome if the Middle East conflict drags into 2027. She cautioned that oil prices may climb to $125 per barrel, weighing on growth and de-anchoring inflation expectations. The IMF also flags risks from physical oil shortages.

Summarised by Beize from a story on The Economic Times on 5 May 2026
IMF finds Indias digital reforms boosted MSME productivity and cut compliance costs

IMF finds Indias digital reforms boosted MSME productivity and cut compliance costs

An IMF working paper says Indias digitalisation of public administration has raised productivity in MSMEs, with the biggest gains in states that rolled out more reforms. The study credits simpler digital systems for reducing compliance costs, improving transparency, and enabling faster growth for smaller firms—while also helping narrow productivity differences across the country.

Summarised by Beize from a story on The Economic Times on 2 May 2026
UPI Turns 10 With 66 Crore Daily Transactions as IMF Names It Global Leader

UPI Turns 10 With 66 Crore Daily Transactions as IMF Names It Global Leader

UPI marks its 10th year since launch in April 2016, growing from 2 crore to 24,162 crore transactions and handling a massive share of real-time payments worldwide. Finance Ministry data says 703 banks are now live and UPI processes around 66 crore transactions daily. The IMF has also described UPI as the world’s largest real-time payment system.

Summarised by Beize from a story on Republic on 1 May 2026
IMF warns Asia to brace for energy shock as Iran tensions reshape growth risks

IMF warns Asia to brace for energy shock as Iran tensions reshape growth risks

The IMF has warned Asian countries to keep their economic policies balanced amid escalating Middle East energy disruptions linked to the Iran conflict. It urged governments to build buffers for future shocks and favor targeted financial support rather than broad fuel subsidies. The IMF also cut its global growth outlook, warning that a prolonged crisis could trigger an additional slowdown.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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IMF warns Asian economies against broad subsidies as Iran war strains energy supplies and budgets

IMF warns Asian economies against broad subsidies as Iran war strains energy supplies and budgets

IMF Asia Pacific director Krishna Srinivasan urged Asian governments to keep fiscal discipline and avoid broad fuel subsidies, even as the Iran war tightens global energy supplies. With shortages linked to a logistics logjam at the Strait of Hormuz and rising oil pressures, he cautioned countries to preserve budget room for future shocks rather than rushing into costly coverage.

Summarised by Beize from a story on Republic on 30 Apr 2026
IMF World Bank IEA push nations to stop hoarding energy and loosening export controls now

IMF World Bank IEA push nations to stop hoarding energy and loosening export controls now

IMF, World Bank and IEA leaders are urging countries to let energy stocks flow freely to global markets and avoid export controls that can tighten shortages. They say countries facing severe supply impacts are being consulted on concerns, as policymakers seek to keep fuel and energy availability steady during periods of volatility and risk.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
IMF cuts 2026 global growth as Middle East oil shock fuels inflation

IMF cuts 2026 global growth as Middle East oil shock fuels inflation

The IMF has trimmed its 2026 global growth forecast, citing the ripple effects of the war in the Middle East. It links the downgrade to a major oil price shock and warns that higher energy and food costs could push inflation upward, complicating the outlook for economies already facing fragile demand and tighter budgets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RBI warns globalization of inflation meets trade deglobalization as growth risks mount

RBI warns globalization of inflation meets trade deglobalization as growth risks mount

RBI Governor Shaktikanta Das cautioned that inflation pressures are spreading globally even as trade trends move toward deglobalization. With risks to the global economy rising, multilateral institutions like the IMF have lowered growth projections and flagged recession dangers, raising uncertainty for policymakers and markets alike.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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IMF chief praises India budget focus on digitalisation and human capital investment

IMF chief praises India budget focus on digitalisation and human capital investment

IMF Managing Director Kristalina Georgieva praised India’s Union Budget as a thoughtful policy agenda, highlighting its emphasis on innovation across research and development, human capital investment, and digitalisation. Her remarks underscore international confidence in India’s investment priorities, especially around skills and technology-led growth—key areas the budget seeks to strengthen for long-term economic resilience.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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