Tag: #G20
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Coronavirus crisis dominates Saudi-hosted G20 ‘virtual’ summit
Riyadh, Nov 21 (AFP/APP):Saudi King Salman opened the G20 summit Saturday in a first for an Arab nation, with the virtual forum dominated by efforts to tackle the coronavirus crisis and the worst global recession in decades. G20 leaders, including US President Donald Trump who is refusing to concede a bitter election, popped up in…
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Coronavirus: Latest global developments
Paris, Nov 21 (AFP/APP):Here are the latest developments in the coronavirus crisis: – Pfizer/BioNTech seek US vaccine approval – US biotech giant Pfizer and German partner BioNTech seek approval to roll out their coronavirus vaccine early, a first step towards relief as surging infections prompt a return to shutdowns that traumatised nations and the global…
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G20 Urged to Fill $4.5 billion Gap in Global COVID19 Vaccine Fund
G20 has been urged fo fill the $4.5
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G20 Declares Framework on Debt Relief for Poor Nations
G20 has declared a framework on debt relief for poor nations.
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Saudi Arabia all set to abolish the kafala system soon
Saudi Arabia plans to cancel a foreign worker sponsorship system, known as kafala, and replace it with a new form of contract between employers and employees, says sources in saudi foreign ministry. According to the details, Saudi Arabia, which this year is chairing the Group of 20 major economies (G20), seeks to boost the private…
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Sub-saharan Africa faces huge debt challenge: IMF
Paris, Oct 22 (AFP/APP):Sub-saharan Africa faces a huge challenge, made worse by the coronavirus pandemic, to find nearly $900 billion to repay massive debt and fund essential public spending, the International Monetary Fund warned Thursday. In a special report, the IMF said the region would require some $890 billion in external financing — equal to…
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Prime Minister Imran Khan’s Debt Relief Initiative Highlighted at International Webinar
Prime Minister Imran Khan’s debt relief initiative has bene highlighted at an international webinar.
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IMF urges government of Pakistan to withhold the salaries of government employees
According to a report by Baaghi TV, the IMF has urged the government of Pakistan to withhold the salaries of government employees. The IMF has called on the Government of Pakistan not to increase the salaries of government employees in the forthcoming budget and to pursue fiscal stabilization policies with the announcement of a nominal…
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Pakistan formally applies for G-20 debt relief
ISLAMABAD: Pakistan has formally requested members of G-20 nations for debt relief with a commitment of not contracting new non-concessional loans, except those allowed under the International Monetary Fund (IMF) and World Bank guidelines. According to sources, Pakistan has requested for deferment of loan installment in view of Corona’s situation. The government has not mentioned…
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PM Khan’s telephonic conversation with Canadian counterpart
Prime Minister Imran Khan held a telephone conversation with his Canadian counterpart Prime Minister Justin Trudeau. The situation arising out of the COVID-19 pandemic, and other matters of mutual interest came under discussion. Offering deep condolences over the loss of precious lives, the Prime Minister underscored that the Pandemic was an unprecedented calamity necessitating closer…