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Pakistan unveils $51 billion budget, with half to service debt
Pakistan unveils $51 billion budget, with half to service debt
by  AFP

Pakistan's cash-strapped government unveiled a 14.5 trillion rupee (around $50.5 billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt. Still, the latest budget sets aside 1.07 trillion rupees for subsidies.

Turkey's 'genius' central banker faces high expectations
Turkey's 'genius' central banker faces high expectations
by  AFP

"Brilliant Turk" or "the genius": Turkish media are gushing over new central bank governor Hafize Gaye Erkan, who soared through the ranks of US financial firms but now faces the monumental task of curbing inflation and stabilising the falling lira.

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