November 4, 2026
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Friendly nations helped Pak meet IMF bailout conditions, says PM Sharif

by September 12, 2024 0

Pakistan is set to receive a $7 billion IMF bailout package after fulfilling required conditions with help from friendly nations. The loan aims to alleviate economic distress through stringent reforms and increased revenue. With external debt exceeding $130 billion, financial experts express concerns about the inflationary impact of Pakistan’s debt-driven fiscal deficit management.

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Tech layoffs: Microsoft cuts 650 jobs in Xbox division

by September 12, 2024 0

Microsoft announced it will lay off about 650 employees in its gaming division, primarily affecting corporate and support functions. This decision follows the $68.7 billion acquisition of Activision Blizzard. Xbox chief Phil Spencer stated that no games or studios are being impacted by these layoffs, which aim to streamline operations for sustainable future growth.

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