ISLAMABAD: President Asif Ali Zardari has decided, in view of the prevailing economic challenges, that he will not draw his presidential salary.
“He took this decision to encourage prudent financial management in the country. The President considered it essential not to burden the national exchequer and preferred to forgo his salary,” President Secretariat Press Wing said in a press release on Tuesday.
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China rebounded strongly from the pandemic, but growth is losing momentum while remaining overly dependent on support from investment and exports. This imperils the nation’s long-sought transition to sustained high-quality growth that’s balanced, inclusive and green. While China’s many challenges have no easy answer, the key message of the IMF’s annual Article IV review of … Read more
Argentina’s government suffered an embarrassing defeat as its 2022 budget was rejected by parliament, with Economy Minister Martin Guzman insisting this would “affect” its debt renegotiations with the International Monetary Fund. Guzman said the defeat “weakens us as a nation-state within Argentina and before the world. And that hurts us.” The defeat came just hours before President … Read more
