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PIA again cuts fare for flights from Pakistan to China
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[ad_1] Currently, PIA is operating two weekly flights on Islamabad-Chengdu-Islamabad and Islamabad-Xian-Beijing-Islamabad routes. — AFP/File The Pakistan International Airlines (PIA) has further cut down its fare to facilitate students and other passengers travelling from Pakistan to China with immediate effect. “Now,…
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IMF warns against ‘costly’ tax cuts to fight inflation
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[ad_1] The International Monetary Fund (IMF) logo is displayed outside its headquarters in Washington, DC, on October 8, 2022. — AFP WASHINGTON: Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through…
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IMF cuts 2023 global growth, warns major economies to stall
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[ad_1] International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas speaks at a press conference during the World Bank/IMF annual meeting at IMF headquarters in Washington, DC, on October 11, 2022. — AFP WASHINGTON: Global growth is expected to slow further…
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Moody’s cuts five Pakistani banks’ long-term deposit ratings | The Express Tribune
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[ad_1] Moody’s Investors Service has downgraded the long-term deposit ratings of five Pakistani commercial banks — Allied Bank Limited (ABL), Habib Bank Ltd, (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL) — to…
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Sri Lanka cuts tax on female hygiene products
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[ad_1] Even before the economic downturn, many schoolgirls and women in Sri Lanka, like in other poor countries, would stay home when menstruating because they couldn’t afford sanitary products — AFP/File COLOMBO: Sri Lanka’s government on Sunday cut taxes on…
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Sindh CM cuts petrol quota of ministers, officials by 40%
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[ad_1] Sindh Chief Minister Murad Ali Shah. -APP/File KARACHI: As part of its austerity drive after another hike in petrol price, Sindh Chief Minister Murad Ali Shah Monday reduced the fuel quota of the ministers and government officials by 40%….
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SBP cuts auto financing tenure | The Express Tribune
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[ad_1] KARACHI: In a bid to arrest the fast depleting foreign exchange reserves, the State Bank of Pakistan (SBP) has decided to reduce the auto financing tenure. In a circular issued on Tuesday, the central bank underlined that the maximum…
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IMF cuts global growth forecast | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries….
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S&P cuts Russia’s foreign currency rating to ‘selective default’ | The Express Tribune
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[ad_1] MELBOURNE: S&P on Saturday lowered Russia’s foreign currency ratings to “selective default” on increased risks that Moscow will not be able and willing to honour its commitments to foreign debt holders. Facing waves of sanctions over its invasion of…
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IEA cuts oil demand outlook, fears Russia supply ‘shock’
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[ad_1] A representational image. — AFP/File PARIS: The International Energy Agency (IEA) cut its world oil demand forecast for 2022 on Wednesday, warning that sanctions against Russia over its invasion of Ukraine could spark a global supply “shock”. “Faced with…
