Economy
- World
Downing Street defends UK economy after dire IMF forecast
London: British Prime Minister Rishi Sunak’s office has been forced to defend the country’s economic performance on Tuesday after a dire International Monetary Fund (IMF) forecast that the UK is set to…
- Pakistan
Pakistan Finance Minister seeks divine intervention to rescue sinking economy
Islamabad: As the Pakistan government struggles to arrest the worsening economic crisis, Finance Minister Ishaq Dar sought to allay concerns by invoking divine favor, saying that the country was the only country…
- Business
Microsoft, Qcells colab to curb carbon emissions, power clean energy economy
San Francisco: Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy. The “strategic alliance” aims to enable…
- Business
US economy expands 2.9 percent in December quarter
Washington: Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022. In the third quarter, real GDP increased by 3.2 percent, according to…
- Pakistan
Pakistan’s economy at risk of collapse
Karachi: British publication Financial Times has warned that Pakistan’s economy is at risk of collapse with the government’s “failure to revive” an International Monetary Fund (IMF) deal, Geo News reported. According to…
- World
China’s population drop reflects pessimism about the future
Washington: China’s population has decreased for the first time in over 60 years, signalling the start of long-term decline that will bring demographic challenges for the world’s second-largest economy as well as…
- India
Saudi Arabia set to overtake India as fastest-growing major economy in 2023
Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing…
- India
Economy to grow at 7 pc in current fiscal: National Statistical Office
New Delhi: The Indian economy is likely to grow at a rate of 7 per cent in the current fiscal, against the 8.7 per cent growth in 2021-22, the National Statistical Office…
- World
Sunak pledges to halve inflation, boost economy
London: UK Prime Minister Rishi Sunak has pledged to halve inflation and boost the country’s economy in his first major speech of the new year. In his speech on Wednesday, Sunak made…
- India
Cash in circulation has increased as economy grew: Experts
New Delhi: The rise in currency in circulation even years after the demonetization move is largely due to the subsequent economic growth, according to economists. According to Reserve Bank of India (RBI)…
- World
Cash-strapped Pak announces early closure of markets, wedding halls to save energy
Islamabad: Cash-strapped Pakistan on Tuesday announced early closure of markets and wedding halls as part of a raft of measures under the energy conservation plan as the government struggled to revive the…
- World
Third of global economy will be in recession this year: IMF
Washington: International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the…
- India
Income tax exemption limit likely to be enhanced in budget
New Delhi: The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to…
- India
Many youth end up in gig economy, get no job security: Rahul Gandhi
Alwar: Youth from across India come to Rajasthan to study and hope for good jobs, but many end up in the new “gig economy” which offers little security despite government efforts, Congress…
- World
Finnish economy to fall into mild recession in 2023
Helsinki: The Bank of Finland has forecast the country’s economy is expected to fall into a mild recession in 2023, although it will grow by 1.9 per cent over the entire year…
