Business

WASHINGTON – The International Monetary Fund (IMF) on Wednesday called for countries to prepare fiscal policies and work together to counter worsening global fiscal positions. “Fiscal positions have worsened significantly since the April 2015 Fiscal Monitor, with public debt ratios being revised upward in most countries,” said the IMF in ...

Former Afghan president Hamid Karzai has invited Pakistani businessmen to explore the Afghan market, which offers tremendous opportunities to foreign investors. He said Afghanistan has the lowest taxes in the region and the Pakistani investors will get land free of cost. He was talking to a visiting business delegation led ...

Bill Gates said Wednesday that “with any luck” polio will be eradicated by 2017 in the last two countries where it remains active, Pakistan and Afghanistan. The Microsoft founder, who has donated billions to fight global diseases, was speaking in Doha at the official announcement of a $50 million donation ...

Tesco boss Dave Lewis has said he led the business out of crisis after it swung to an annual pre-tax profit of £162m following a record loss of £6.33bn a year ago. Britain’s biggest supermarket hailed “significant progress” in its turnaround as it published annual results for the year to ...

Chancellor George Osborne warned on Thursday that the economy faced a “dangerous cocktail” of threats from abroad and he urged against complacency after two years of solid growth. Osborne, whom Prime Minister David Cameron has named as a possible successor, said in a new year’s message that Britain faced headwinds ...