No G20 joint statement after China objections. BENGALURU: After China tried to soften references to the Ukraine crisis, G20 finance ministers failed to reach a consensus on an unified statement on the status of the world economy on Saturday. Instead, India, the G20’s current president, released a “chair’s report” in …
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FinMin Dar once again brushes aside rumours of Pakistan defaulting. ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar dismissed rumours of Pakistan “defaulting” on Saturday, reaffirming his position that he will rescue the nation from its financial crisis. There are economic difficulties, but “we have taken effective actions to …
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ECC greenlights increase in prices of paracetamol .Commercial customers in flood-affected areas will not receive power invoices for September 2022 from ECC until the following billing cycle. ISLAMABAD: The federal cabinet’s Economic Coordination Committee (ECC) has authorised raising the pricing of 20 medications, including paracetamol. According to a statement, the …
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Confident Dar says PakistanisConfident Dar says Pakistanis to hear ‘good news’ on IMF talks today. Ishaq Dar, the finance minister, predicts that after today’s “difficult” talks, the administration will advance and reach a compromise. ISLAMABAD: Finance Minister Ishaq Dar predicted “positive news” on. Thursday, as reports about the accomplishment of …
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Inventory crunch forces Suzuki to halt car production for 5 days. In Pakistan, the subsidiary of a Japanese automaker shuts down a plant due to a serious inventory deficit. Due to a shortage of inventory, Pak Suzuki Motors will close its auto production for close to a week. Meanwhile, commercial …
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SBP’s foreign exchange reserves slip under $3 billion. Due to the settlement of external debt, the central bank’s reserves decrease by $170 million. The central bank of Pakistan’s foreign e ves dropped to a nine-year low of less than $3 billion as it struggles to attract inflows as a result …
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Rupee gains more ground against dollar amid hopes of IMF deal. The IMF is anticipated by Pakistani authorities to present a draught memorandum of economic and financial policy today. In response to news of progress in negotiations with the International Monetary Fund (IMF) for the financial assistance package, the Pakistani …
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