[Sponsored Article] The Hong Kong Institute for Advanced Study (HKIAS) at City University of Hong Kong (CityU) continues to connect scholars around the globe, allowing them to explore interdisciplinary ideas and address real-world issues. The most recent HKIAS Distinguished Lecture Series on Electronics and Photonics, held in March and April, …
Read More »Ministry for collecting oil levy, GST | The Express Tribune
ISLAMABAD: While cautioning about the widening current account deficit and mounting pressure on the country’s foreign currency reserves, the Ministry of Finance has called for resuming the collection of petroleum development levy and general sales tax (GST) from the consumers of petroleum products. Sources told The Express Tribune that the …
Read More »Govt committed to reviving the IMF programme, says Miftah | The Express Tribune
Finance Minister Miftah Ismail on Thursday said that the Pakistan Muslim League-Nawaz (PML-N) government is “committed to reviving the IMF programme and put Pakistan back on a sustainable growth path.” Ismail had returned from Doha, Qatar, where talks were being held between Islamabad and the fund from May 18th to …
Read More »Bilawal says $6 billion IMF deal is ‘outdated’ | The Express Tribune
An ongoing bailout deal between Pakistan and the International Monetary Fund (IMF) is “outdated” given a number of global crises, Foreign Minister Bilawal Bhutto-Zardari said on Wednesday, as the country struggles to implement targets set by the lender. He said it would be justified for Pakistan to plead this case …
Read More »FBR takes notice of seizing ‘luxury items’ from travellers | The Express Tribune
KARACHI: The Federal Board of Revenue (FBR) on Wednesday took notice of the seizing of ‘luxury goods’ in small quantities from the luggage of the passengers arriving at the country’s airports, and issued fresh directives in this regard. In a statement sent to Chief Collectors of Customs Islamabad, Karachi, Peshawar, …
Read More »SBP increases interest rate to 13.75% | The Express Tribune
KARACHI: Pakistan’s central bank has increased the benchmark interest rate by 150 basis points to 13.75% for the next six weeks. At a scheduled meeting on Monday, the bank revised the rate upwards ahead of the likely revival of the International Monetary Fund’s (IMF) $6 billion loan programme, which has …
Read More »Fate of IMF talks hinges on PM’s ‘big nod’ | The Express Tribune
ISLAMABAD: The talks between the government and the International Monetary Fund (IMF) for the revival of the bailout package are moving at a snail’s pace as the economic managers are still waiting for the ‘big nod’ from Prime Minister Shehbaz Sharif which is crucial to bridging differences with the fund. …
Read More »Top advisers to Hong Kong’s leader shocked by proposed pay rise for civil servants
Executive councillor Regina Ip says residents will find proposal hard to accept as more than 200,000 people had lost their jobs or were underemployed. Source link
Read More »China eyeing security pacts with more Pacific nations: FT report
Kiribati and at least one other nation in talks with Beijing, report says, citing intelligence official from US ally. Source link
Read More »CanSino Biologics CEO says mRNA vaccines are key to China’s Covid-19 fight
China has yet to approve any mRNA vaccines, which have a much higher efficacy rate than ones made using older forms of technology. Source link
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