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ISLAMABAD: In a significant move, the federal government of Pakistan has announced a substantial reduction in the prices of petroleum products, providing much-needed relief to the general public. Finance Minister Ishaq Dar delivered the eagerly awaited announcement in a televised address earlier today. Effective midnight tonight, petrol prices will be lowered by Rs8 per liter, …
Continue reading “Govt Reduces Petrol Prices, Eases Burden on Pakistanis”
Islamabad: The World Bank has urged Pakistan to end the annual subsidies of Rs340 billion that benefit the wealthy, as Finance Minister Ishaq Dar was unable to provide a clear timeline for the staff level agreement with the International Monetary Fund. However, the Ministry of Finance believes that Pakistan will remain in the Fund’s program …
Continue reading “World Bank Economist Suggests Ways to Fix Pakistan’s Economy”
There has been a lot of speculation regarding the financial status of Pakistan with several analysts suggesting that Pakistan will default in the near time because of huge amounts of unpaid debt and the rising inflation rate each day. However, Finance Minister Ishaq Dar has something else to say contrary to popular opinion at the …
Continue reading “Ishaq Dar Says Pakistan Has No Chance of Default”
