ISLAMABAD: In a significant development, the Executive Board of the International Monetary Fund (IMF) announced on Thursday that it had successfully concluded the first review of Pakistan’s economic reform programme, backed by the Stand-By Arrangement (SBA), paving the way for an immediate disbursement of SDR 528 million, equivalent to approximately $700m. This latest disbursement brings the cumulative total under the arrangement to …

BEIJING, China (China Economic Net) – Chinese Premier Li Keqiang Tuesday said China will promote higher-standard opening-up, attract more foreign investment, and encourage more Chinese companies to go global, so as to achieve more win-win outcomes. Li made the remarks at the fifth “1+6” Roundtable which was held via video link and attended by World Bank Group President David Malpass, …