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IMF Warns India’s Rice Export Ban Could Exacerbate Global Food Price Volatility

IMF’s Chief Economist and Director, Pierre-Olivier Gourinchas, has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility in food prices in the rest of the world. “And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would […]

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Pakistan Govt Mulls Raising Petroleum Levy On Petrol, Diesel

Pakistan government is mulling raising the Petroleum Development Levy (PDL) on petrol and diesel from Pakistani Rupees (PKR) 50 to PKR 55 per litre with effect from 1 July 2023, Pakistan-based The News International reported. Meanwhile, Pakistan’s Ministry of Finance has informed the Senate Standing Committee on Finance that the petroleum development levy was worked […]

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