IMF Managing Director Kristalina Georgieva is pushing China to speed up debt relief. Western officials are stepping up criticism of the G20 Common Framework process. Nearly two years of glacial progress were blamed largely on foot-dragging by China. IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to accelerate obligation … Read more
WASHINGTON: A key US inflation measure closely watched by the Federal Reserve in October posted its biggest year-over-year increase since the early 1990s amid supply chain bottlenecks, the US Commerce Department reported on Wednesday. The personal consumption expenditure (PCE) price index, the Fed’s preferred inflation measure, jumped five per cent in October from a year … Read more
Despite the chaos in Kabul, US President Joe Biden has said he stands firm behind the decision to withdraw US troops from Afghanistan and blamed the Afghan army and leaders for the current situation. While breaking the silence on the withdrawal of US troops after several days of televised scenes, he blamed the Taliban’s occupation … Read more
LAHORE: With the Taliban gaining complete control over Afghanistan and the Ashraf Ghani-led government practically ousted, the two decades-long war has finally come to an end in the troubled country. In an exclusive conversation with Bol News, former Ambassador M Alam Brohi who is also an expert on Afghanistan affairs said that the US and … Read more
LAHORE: The Pakistan Stock Exchange’s (PSX) most followed benchmark KSE-100 index is celebrating its 30 years of existence. The KSE-100 index is a total return market capitalisation-based index, which was created in 1991 with a base value of 1,000 points. Umair Naseer, associate director research at Topline Securities, said that following international best practices, the … Read more
KARACHI: The collection of capital gains tax (CGT) has registered a decline of 7 per cent during the fiscal year 2020/21, despite a massive growth in the stock market during the year under review. According to the statistics made available to BOL, the collection of the capital gains tax stood at Rs1.82 billion during the … Read more
An increasing number of Americans are dying in the prime of their lives, a trend not observed in other wealthy nations, according to research published in the Journal of the American Medical Association. These “excess deaths” — that is, people who die years and even decades before they’re expected to, tend to be clustered in … Read more
