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Tighter US sanctions to limit Russian oil supplies to China and India – Trendy Blogger

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Tighter US sanctions to limit Russian oil supplies to China and India – Trendy Blogger

New Delhi/Singapore: Chinese and Indian refiners will import more oil from the Middle East, Africa and the Americas, boosting prices and shipping costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. On Friday, the US Treasury Department imposed sanctions on the two Russian oil … Read more

IMF identifies flaws in Pakistan’s budget practices and calls for tighter fiscal controls – Trendy Blogger

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IMF identifies flaws in Pakistan’s budget practices and calls for tighter fiscal controls – Trendy Blogger

The IMF has identified significant problems in Pakistan’s budget preparation and implementation processes, revealing that deviations from the approved budget reached a record high of 55% in FY 2022-23 due to supplementary grants. The findings were outlined in the IMF’s technical assistance report on budget practices in Pakistan, emphasizing the need for stronger financial institutions … Read more