Financial leaders of the Group of Seven (G7) will meet on Feb 23 to discuss measures against Russia that will put pressure on it to end the Ukraine war, Japan’s Finance Minister Shunichi Suzuki said on Tuesday. Japan will chair the meeting of finance ministers and central bank governors from the G7 nations in the Indian city of Bengaluru. The meeting will come almost a year since Russia invaded
Despite clearly lacking quorum, the National Assembly after a lackluster debate on Monday passed the IMF-dictated Finance (Supplementary) Bill 2023, seeking to impose additional Rs170 billion taxes with minor amendments as Finance Minister Ishaq Dar held the mismanagement in the power sector and poor economic policies of the previous PTI regime mainly responsible for this economic burden on the ma
Brent crude oil slipped more than one per cent in a volatile session on Tuesday as persistent concerns about global economic growth outweighed supply curbs and prompted investors to take profits on the previous day’s gains. The focus in the wider financial market is firmly on the release on Wednesday of the minutes of the US Federal Reserve’s latest meeting, after recent data raised the risk of
Problems of Hascol Petroleum Ltd, which has been in trouble since 2018 partly for making inaccurate entries in its financial accounts, seem to be mounting as its CEO landed behind bars on Tuesday. A statement by company chairman Sir Alan Duncan said a trial judge refused the confirmation of bail applications from a number of individuals, including CEO Aqeel Ahmed Khan, in an inquiry being held
Various possibilities regarding how to bring the economy back on track are being discussed in financial, trade and industry circles, and it is becoming clearer that there may be no short-term remedy for our economic troubles. Instead, there appears to be a growing consensus that the suffering of the common people may continue for a historically much longer period even if the IMF comes to the count