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NEW YORK:Ratings agency S amp P upgraded Egypt s debt gra
nike air jordan de by one notch on Friday, citing stronger economic growth and moderating inflation. S amp P raised Egypt s sovereign credit rating to B from B- , which is still below investment grade but further up the scale. The ratings agency cited the improving economy, which is expected to average growth of 5.4% over the next four years, reflecting a more broad-based recovery and a slight move away from consumption to
af1 wards greater investment and net exports.Consumer price inflation fell to 1
jordan 1 high 3.3% year-on-year in March, the lowest level in nearly two years, the agency said. However, Egypt s debt ratings remain constrained by large fiscal and external deficits, high public debt and low income levels.Published in The Express Tribune, May 13th, 2018.Like聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed and join in the conversation. Ixar Implications of targeting state actors
LAHORE:Caretaker Finance Minister of Punjab Zia Haider Rizvi has said the interim government has inherited outstanding payments of Rs71 billion under different heads and its first priority is to timely release salaries of government employees. Punjab government is facing cash flow issues due to various reasons, said Rizvi in a statement on Thursday. A
adidas originals retropy major reason behind that was slower transfer of provincial share in the National Finance Commission (NFC) award by the federal government.Apart from the NF
nike air max one C award, some shortfall in the Punjab Revenue Authority s tax collection, due to the Supreme Court order that suspended tax collection on telecommunication services, is another factor beh
nike air force one donna ind the liquidity crunch.With double-digit growth, govt s debt rises to Rs22.9tr In view of this, the Finance Department has anticipated that some cheques/instruments will remain unpaid this year, he said.The caretaker chief minister has directed the Finance Department to accord first priority to the
