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Philippine Officials Defend Fuel Tax Policy, Subsidy Plan
Politicsinquirerphilstarjust now2 sources

Philippine Officials Defend Fuel Tax Policy, Subsidy Plan

Philippine economic managers are defending the government's decision to limit the suspension of fuel taxes and are discussing expanded fuel subsidy programs amidst rising prices. They assert that subsidy allocations are regular and not irregular.

On unstable ground
BusinessDawn1mo ago

On unstable ground

PAKISTAN’S economic managers repeatedly tout improvements in macroeconomic indicators, including rising foreign exchange reserves, a stable currency, contained inflation and the current account surplus achieved last year. But a closer look at both numbers and public sentiment reveals a more complicated reality. State Bank Governor Jameel Ahmad’s disclosure that the central bank purchased $24bn from the market over the past three years to build foreign exchange reserves offers an important ins...