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IMF puts Sharif govt in a fix, rejects debt management plan

IMF puts Sharif govt in a fix, rejects debt management plan

The Pakistan government is in a fix after the International Monetary Fund (IMF) rejected its revised Circular Debt Management Plan (CDMP). The IMF which is in Islamabad for an urgent meeting over the pending ninth review under the $7 billion Extended Fund Facility, has called on the Pakistan government to increase the electricity tariff in...

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Oxfam: Billionaires gain extraordinary increases in their wealth

Oxfam: Billionaires gain extraordinary increases in their wealth

The richest 1% of the global population has been getting much richer and much faster than anyone else in the past two years. Those were the findings of a new Oxfam report, which said the wealth accumulation of the super rich accelerated during the COVID-19 pandemic. That compares to many others who have been struggling...

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Europe’s First Big Move to Punish USA Causes Uproar Among American Energy Giants | EU Exxon Mobil

Europe’s First Big Move to Punish USA Causes Uproar Among American Energy Giants | EU Exxon Mobil

EU Exxon Mobil Russia’s war in Ukraine did have a winner this year – American oil and gas companies. These giants amassed billions of dollars thanks to global supply chain disruptions and soaring prices. It was obvious that governments wouldn’t let this party on for long, without getting a share for itself. With this intention,...

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