The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised interest rates by 1.5 % to 15 %. According to the SBP’s own press conference, the increase is to slow the economy down, whilst claiming that such demand contraction is a must, otherwise high growth is unstable, worsening inflation. Even after […]
As part of Hizb ut Tahrir/ Wilayah of Lebanon’s campaign to raise awareness of the dangers of joining the International Monetary Fund system, which the Lebanese authority adopts, and the current government’s program towards the IMF, elections and demarcation of borders leading to normalization with the Jewish entity, a Hizb delegation in Wilayah of Lebanon […]
Turkey woke up to the first morning of the new year with the stream of price hikes. On the last day of the year, towards midnight, electricity, natural gas, fuel and bridge toll were increased at a very high rate. (Agencies)
The revenue target for the next financial year, 2021-22, is targeted at Rs. 5.829 trillion, compared to Rs 4.691 trillion for the closing financial year, 2020-21, showing an overall increase of Rs1.138tr (24 percent). This is whilst the IMF has set a target of Rs 10 trillion for 2024-2025.