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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,209
7624hr
Pakistan Cases
1,020,324
4,49724hr
7.53% positivity
Sindh
374,434
Punjab
354,904
Balochistan
30,019
Islamabad
86,602
KPK
142,799

Rishi Sunak

UK parliament committee to quiz Sunak and Cameron over Greensill
World

UK parliament committee to quiz Sunak and Cameron over Greensill

  • Greensill's founder, Lex Greensill, Bank of England Governor Andrew Bailey and the chief executive of the Financial Conduct Authority, Nikhil Rathi, will also face questions about the collapse of the company and Cameron's actions.
  • A series of inquiries have been launched into what access lobbyists have had to Prime Minister Boris Johnson's government after questions were raised about Cameron's lobbying for funds.
Published 20 Apr, 2021 06:12pm
'Britcoin' not bitcoin? UK considers new digital currency
World

'Britcoin' not bitcoin? UK considers new digital currency

  • UK creates BoE-Treasury taskforce to look at 'digital pound'.
  • Sunak focused on boosting London's competitiveness after Brexit.
  • Britain will lift curbs on who can trade shares in London.
  • Britain will ease limit on off-exchange share trading.
Published 19 Apr, 2021 04:27pm
UK offers tax relief to more companies with 1.5bn-pound plan
World

UK offers tax relief to more companies with 1.5bn-pound plan

  • The move comes on top of the 16 billion pounds in business rates relief already paid to or earmarked for retail, hospitality and leisure businesses.
  • By providing more targeted support than the business rates appeals system, our approach will help protect and support jobs in businesses across the country.
Updated 25 Mar, 2021 07:31pm
UK's Sunak says he does not favour a debt-to-GDP target
World

UK's Sunak says he does not favour a debt-to-GDP target

  • "It's probably right to think more about trajectories of debt levels, building resilience for future shocks and the affordability of that debt," Sunak told parliament's Treasury Committee.
  • Sunak's budget plan included no new budget rules which previous governments have set to show investors how they plan to bring down debt.
Updated 11 Mar, 2021 10:04pm
European stocks rally
Markets

European stocks rally

MILAN/LONDON: European stocks rose for a third straight session on Wednesday on hopes of a rebound in economic ...
Published 04 Mar, 2021 04:58am
UK shares up ahead of budget
Markets

UK shares up ahead of budget

LONDON: British shares rose on Wednesday, buoyed by gains in commodity and banking stocks, while investors awaited...
Published 04 Mar, 2021 04:58am
Britain to review surcharge on bank profits
World

Britain to review surcharge on bank profits

  • Leaving surcharge unchanged would damage industry – government.
  • Surcharge raised 1.5 bln stg in 2019-20 fiscal year.
  • Proposed changes will be laid out in the autumn.
Updated 03 Mar, 2021 08:43pm
Moody's sees no fast improvement to UK budget position
World

Moody's sees no fast improvement to UK budget position

  • "As expected at this stage of the crisis, the budget statement provides only limited visibility on the government's medium-term fiscal strategy," Moody's lead sovereign analyst for the UK, Evan Wohlmann, said.
  • "That said, the statement confirms our view that the broad deterioration in the UK's fiscal position stemming from the pandemic will not be rapidly reversed," he added.
Published 03 Mar, 2021 07:38pm
Tax hikes blur UK's Sunak ‘whatever it takes’ budget
World

Tax hikes blur UK's Sunak ‘whatever it takes’ budget

  • The corporate tax increase in 2023 will derail some of those expectations. The UK economy is expected to have explosive growth in 2022, but then quickly return to trend in 2023 at 1.7%, which is when the economy will face higher taxes."
  • "The positive impact the spending pledges has on growth has been somewhat offset by concerns of fiscal consolidation later down the line.
Published 03 Mar, 2021 07:34pm