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Pakistan aims to privatize flag carrier in November: Finance Minister
Pakistan is hoping to finalize both the delayed privatization of its flag carrier and the outsourcing of Islamabad’s international airport in November, the country’s finance minister said Wednesday.Muhammad Aurangzeb, who took office earlier this year, spoke to AFP at the World Bank’s headquarters in Washington, where he is attending the annual meetings of the International …
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Stock markets and oil prices retreat
European and US stock markets moved lower Wednesday as investors focused on company earnings, bond yields and the outlook for the US and Chinese economies.The dollar rose against major rival currencies while oil prices retreated.”Rising Treasury yields continue to be a major topic of conversation mainly because the market isn’t entirely clear about why they …
China should use fiscal policy to boost growth: IMF
The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington. Â The IMF has raised concern about the levels of global public debt, which it estimates will reach a record $100 trillion this year, with debt expected to …
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