Wednesday, January 20, 2021

IMF

IMF: American companies paying tariffs imposed on Chinese imports

WASHINGTON (Reuters) - US companies are paying nearly all the cost of tariffs imposed by US President Donald Trump on Chinese imports, according to a report by the Russian news agency RIA today. "Some of these drawings found their way...

Hafeez Shaikh’s close aide to replace Younus Dhaga

The government obvious to unseat Finance Secretary Younus Secretary Dhaga by replacing Naveed Kamran Baloch, close aide to Dr Hafeez Shaikh, a well-informed source told World News Observer. It was learnt that the incumbent government was uncomfortable with the performance...

Interest rate hike to slowdown economy: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said recently announced monetary policy is too aggressive....

IMF calls on African countries to implement reform programs

The International Monetary Fund (IMF) said that African countries, in response to falling commodity prices, must work hard to rebalance investments and debt. They should accelerate the process of tax collection. Africa's rapid growth decade. The sub-Saharan African region is expected...

Pakistan: Rate hike of 100bps likely in MPS

Analysts forecasts another rate hike of 100bps in policy rate from 10.75% to 11.75% in the upcoming monetary policy which is to be announced on May 20. The aggressive monetary tightening is expected to continue by the central bank as...

Amnesty: why different from past ones and why is so exciting…

Finally, the amnesty scheme is out. Apparently, amnesty scheme is much awaited and for the first time business communities screaming for amnesty. What is different in this amnesty scheme is real estate asset declaration. The silent features of the real...

Pakistan should prepare to meet FATF challenge: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said the long-delayed agreement with IMF may help...

Pakistan need $100 billion by 2023, new law requires to discourage reckless borrowing: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said current account deficit is expected to reach...

Enhancing revenue without hurting masses a test for Zaidi: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Tuesday welcomed the decision of the Prime Minister to...

KSE-100 nosedives 596 points, fears of DR hike and currency devaluation

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) had a major draw down of 781pts that was caused by across the board selling. Market started on a positive note with 35pts but the selling pressure that was witnessed in...
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Trump using presidential pardon to save potential allies

The renowned newspaper, USA Today, saw that President Donald Trump is using his power to save allies from legal...
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Biden’s inauguration ceremony: Security on high alert in the American capital

The American capital has been in a state of security alert and tightening precautionary measures, with the approaching hour of the officially elected president...

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined and packed, before arriving in...

As You Likee: Express more, Create more with Likee’s In-App Features

The online short videos platform is rapidly becoming the content production application of choice for hundreds of thousands of Pakistanis to showcase their creativity,...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend the democracy of the United...