Economy
- World
Sri Lanka defaults on debt for first time in its history
Colombo: Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years, BBC reported. It…
- Pakistan
Pakistan registers nearly 6% growth in 2021-22, economy rises to USD 383 billion: report
Islamabad: Fuelled by imports and consumption, Pakistan’s growth rate accelerated to nearly 6 per cent during the last year of Imran Khan’s government, the highest pace in four years, helping to increase…
- Business
Cryptos can lead to dollarisation of economy: RBI officials to par panel
New Delhi: Cryptocurrencies can lead to “dollarisation” of a part of the economy which would be against India’s sovereign interest, top officials of the RBI have told a parliamentary panel, according to…
- Business
Companies committed to cut emissions represent $38 tn economy: Report
New Delhi: A record number of companies are committing to and setting science-based climate targets, according to a new research by the Science-Based Targets Initiative (SBTi), the global body enabling businesses to…
- World
Nepal and US sign USD 659 million assistance agreement
Kathmandu: Nepal and the US on Thursday signed a USD 659 million development objective agreement which is aimed at supporting the Himalayan nation’s goal of graduating to a middle-income country. Nepal aims…
- Pakistan
Pakistan gets USD 8 billion in financial support from Saudi Arabia
Islamabad: Saudi Arabia has agreed to provide Pakistan with a “sizeable package” of around USD 8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy, a…
- World
Israel to reopen main crossing point with Gaza to boost economy
Tel Aviv: Israel on Tuesday decided to reopen the Erez crossing point on the northern tip of the Gaza Strip after economic losses in the impoverished coastal enclave had piled up. “After…
- World
Poverty in Sri Lanka to spike this year, warns World Bank
Colombo: More Sri Lankans will slip into poverty this year, the World Bank has warned, as it urged the debt-ridden island nation to undertake urgent policy measures to address the high levels…
- Business
IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict
Washington: The International Monetary Fund (IMF) Chief said the organisation will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies…
- World
Nepal economy heading towards grave crisis, warns ex-Finance Ministers
Kathmandu: Nepal’s main opposition party CPN-UML has claimed that the country’s economy will deteriorate further in the coming days if effective measures are not taken immediately by the government. The claim was…
- Business
Not necessary to activate ‘Counter-Cyclical Capital Buffer’: RBI
New Delhi: The Reserve Bank of India (RBI) on Tuesday said that it is not necessary to activate ‘Counter-Cyclical Capital Buffer’ at this point in time. In financial parlance, the ‘CCyB’ applies…
- Pakistan
Pakistani rupee plummets to all-time low against USD
Islamabad: The Pakistani rupee on Tuesday plummeted to an all-time low against the US dollar, trading at 185.40 PKR in the interbank market during intraday trading, up 1.31 PKR from 184.09 on…