Economy
- 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…
- Top Stories
Ukraine war to result in 1.3 pc lower GDP growth for India, says World Bank
Washington: Russia’s war in Ukraine is likely to result in a significant 1.3 per cent lower GDP growth for India and 2.3 percentage point lower income growth, a top World Bank official…
- 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…
- Business
India’s GDP growth slows to 5.4 pc; economy faces new geopolitical risks
New Delhi: India’s GDP growth slowed to 5.4 per cent in October-December 2021 before the full fury of the third wave of coronavirus infections struck the country and the economy faced fresh…
- World
US inflation jumped 7.5% in the past year, a 40-year high
Washington: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates…
- World
IMF approves USD 1 billion loan tranche for Pakistan
Islamabad: The International Monetary Fund has approved the completion of the sixth review of its stalled USD 6 billion programme for Pakistan, paving the way for an immediate disbursement of about USD…
- Featured News
A lazy budget – cobbled together with an eye on shifting attention from the future to the past
Amir Ullah Khan The Union Government presented this year’s budget on February 1 where the government will spend 40 lakh crores rupees while it will earn 23 lakh crores, which means that…
- Pakistan
Pak to seek loan from Russia, Kazakhstan, China to stabilise country’s economy
Islamabad: Amid devastating economic condition, Pakistan has decided to seek a loan of around USD 5 billion from China, Russia and Kazakhstan. According to local media, the country plans to borrow 3…
- Automobile
Automakers to suffer from chip, labour shortages amid new Covid surges
New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new…
- India
India’s economy has some bright spots, a number of very dark stains: Raghuram Rajan
New Delhi: The Indian economy has “some bright spots and a number of very dark stains” and the government should target its spending “carefully” so that there are no huge deficits, noted…
- Pakistan
Pakistan: Opposition corners Imran Government over claims of improved economy
Islamabad: The opposition leaders in Pakistan challenged in the National Assembly on Friday the government’s claim regarding improvement in economic indicators and achieving a 5.3 per cent growth rate, besides seeking an…
