A truce has been reached between the US and China to reduce import duties on commodities that are traded between the two nations. The deal represents a significant de-escalation of the trade war between the two largest economies in the world, which has had a profound effect on the UK and many other nations. What
A contentious proposed value-added-tax (VAT) increase that jeopardized the nation’s coalition government has been revoked by the party of President Cyril Ramaphosa of South Africa. The Democratic Alliance (DA), the African National Congress’s (ANC) primary coalition partner in the unity government, fiercely opposed the raise and even requested that the courts prohibit it. It was
The Pakistani officials and the International Monetary Fund (IMF) have come to a staff-level consensus on the initial review of Pakistan’s 37-month, $7 billion Extended Fund Facility. A new 28-month, $1.3 billion contract under the Resilience and Sustainability Facility is also part of the deal. Following Board approval, Pakistan will receive around 1 billion dollars