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Eduard Shevardnadze – Soviet foreign minister and the second president of independent Georgia – is spinning in his grave. Deposed in the country’s Rose Revolution in 2003 for his government’s corruption and bygone-era politicians, he was nonetheless a proud Georgian who would not have mortgaged his country’s destiny, as the current leadership is doing. Georgia … Read more
With a general election imminent, it is already clear that the next UK government will take office in an immensely challenging environment for foreign policy. From wars in Gaza and Ukraine to concerns about climate change, China’s assertive global agenda and the durability of America’s commitment to European security, the next UK government will face … Read more
PHOTO: FILE The foreign exchange reserves held by the State Bank of Pakistan (SBP) surprisingly remained stable above $8 billion despite repayment of $1 billion foreign debt in the week ended April 12, 2024.More importantly, the reserves rose by $14.4 million during the week, reaching $8.05 billion. Pakistan repaid $1 billion for a maturing Eurobond … Read more
Norway’s crown is under pressure, and property woes and a weakening economy have also battered Sweden’s crown, which last week hit a record low versus the euro amid a sense that rates there cannot climb much higher. PHOTO: REUTERS The global economy is growing faster than expected only a few months ago thanks to resilient … Read more
Punjab Finance Minister Mujtaba Shujaur Rehman has stressed that the documentation of economy is the need of the hour and the provincial government will amend the Punjab Sales Tax Act to further improve the efficiency of its revenue authority. Furthermore, the Punjab government will revise the Board of Revenue tax rates (for property and others), … Read more
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