Customers at a currency exchange in Islamabad. Agence France-Presse
Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.
Umar, one of cricketer-turned-premier Imran Khan's most powerful ministers, had been entrusted with the task of negotiating the long-delayed bailout as Pakistan's cash-strapped economy faces a balance-of-payments crisis.
Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund
A delegation of the International Monetary Fund (IMF) arrived in Pakistan on Monday to continue discussions for a relief package. According to adviser and spokesman for the Ministry of Finance, Dr Khaqan Najeeb, the IMF team will meet officials of the Ministry, the Federal Board of Revenue and the State Bank during its visit to Pakistan.
The UAE has once again proved itself a resilient business hub, as its been named the world's number one "mover" by US News 2020 Best Countries Rankings, for the second year in a row.
"The European Union is tougher to deal with than anybody. They've taken advantage of our country for many years." Trump told Fox Business News on the sidelines of the World Economic Forum in Davos.
According to a press statement released by the Central Bank on Tuesday, money supply aggregates, M2, increased by 2.2 per cent, from Dhs1,380.5 billion at the end of November 2019 to Dhs1,411.5 billion at the end of December 2019.
This is according to the latest Brand Finance Global 500 report launched at the World Economic Forum in Davos on Wednesday. All eyes will be on Etisalat as it prepares to excite the Expo’s expected 25 million visitors with a seamless 5G connectivity that brings the event’s themes to life