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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,206
7124hr
Pakistan Cases
1,223,841
2,58024hr
4.69% positivity
Sindh
450,126
Punjab
421,800
Balochistan
32,757
Islamabad
104,114
KPK
171,072

US Treasury Secretary

Yellen urges EU to back global tax deal, consider more fiscal support
World

Yellen urges EU to back global tax deal, consider more fiscal support

  • "We need sustainable sources of revenue that do not rely on further taxing workers' wages and exacerbating the economic disparities that we are all committed to reducing," Yellen said.
  • "We need to put an end to corporations shifting capital income to low tax jurisdictions, and to accounting gimmicks that allow them to avoid paying their fair share."
Published 12 Jul, 2021 06:24pm
US Treasury Secretary Yellen to call for global minimum tax rate
World

US Treasury Secretary Yellen to call for global minimum tax rate

  • The US commitment to a global minimum tax also could help jump-start negotiations between wealthy countries on taxing international corporations, according to tax experts.
  • We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom.
Published 05 Apr, 2021 08:02pm
Yellen says Biden COVID bill to fuel ‘very strong’ US recovery
World

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

  • This is a bill that will really provide Americans the relief they need to get to the other side of the pandemic, and we expect the resources here to really fuel a very strong economic recovery.
  • "If it turns out to be inflationary, there are tools to deal with that, and we'll monitor that closely," Yellen said of the bill's measures.
Published 08 Mar, 2021 08:06pm
Yellen supports new allocation of IMF's SDR currency to help poor nations
World

Yellen supports new allocation of IMF's SDR currency to help poor nations

  • Reversing the opposition of the Trump administration, Yellen told G20 finance officials in a letter that a new SDR allocation could boost liquidity for poor countries, which have been particularly hard hit by the global coronavirus pandemic.
  • Without further international action to support low-income countries, we risk a dangerous and permanent divergence in the global economy.
Published 25 Feb, 2021 08:50pm
Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment
World

Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment

  • The current US unemployment rate is 6.3%, compared with 3.5% before the pandemic - a level widely viewed as effectively full employment.
  • Success to me would be if we could get back to pre-pandemic levels of unemployment and see the re-employment of those who have lost jobs in the service sector, particularly - I would also consider them a measure of success.
Published 22 Feb, 2021 09:38pm