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With a fresh increase of 0.36%, the currency closes the week at Rs171.65

ISLAMABAD, October 28, 2021- Pakistan’s economy recovered in Fiscal Year 2021, in part due to the government’s effective use of targeted lockdowns to

The writer is a former member of the prime minister’s economic advisory council, and heads a macroeconomic consultancy based in Islamabad. THE new finance minister has expressed exasperation at the conditionality of the ongoing IMF programme — Pakistan’s 23rd since 1950. The main thrust of the programme is focused on achieving a primary fiscal surplus that is consistent with a sustainable path of public debt; building external account buffers, and making the power sector financially viable. Prima facie, and in a high-level ‘strategic’ sense, the conditionality appears aligned with P...

Visitors and staff wearing protective face masks walk down the Main Street of Disneyland Paris in Marne-la-Vallee on the outskirts of Paris last year. Disneyland Paris, normally Europe’s biggest tourist attraction hosts a mass Covid vaccination site at its convention centre as France seeks to speed up its inoculation drive, officials said last week. The amusement park east of the capital has been closed since October 30, when non-essential businesses were ordered to close amid a surge in infections, putting its 17,000 employees out of work.—AFP India’s stealth power India has proved to ...

The disproportionate disparity in inequality and over-concentration of wealth in a few hands leads to an economic slowdown and the