ISLAMABAD : Pakistan on Wednesday further removed fuel subsidies in a bid to trim the fiscal deficit and aimed at securing critical support from the International Monetary Fund , the finance ministry said.
"Government has decided to end subsidies on fuel and raise prices starting midnight" Finance Minister Miftah Ismail told reporters at a press conference.The IMF wants the South Asian nation to take strict measures to control its fiscal deficit in the face of a balance of payment crises.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan Finance Minister says concerned about rapid yen weakeningTOKYO : Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent rapid yen weakening as the currency slid to 24-year lows to the dollar.Suzuki told reporters he would take appropriate steps on currencies as needed, while keeping close communication with currency authorities
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan Finance Minister says will work with BOJ on possible steps to curb yen slumpTOKYO: Japanese Finance Minister Shunichi Suzuki on Tuesday (Jun 14) reiterated his concerns about the recent rapid yen weakening, saying the government will coordinate any appropriate steps with the Bank of Japan as the currency slid to 24-year lows to the dollar. Suzuki told reporters that it was im
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
S Korea Finance Minister affirms pledge to keep markets stableSEOUL : South Korea's finance minister affirmed on Tuesday his pledge to keep the financial markets stable while the ministry said he held a meeting with the central bank chief to discuss the current market situation.Minister Choo Kyung-ho convened an unscheduled internal meeting of senior officials and t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »