Afghanistan’s economy has ‘basically collapsed’: UN
NEW YORK: The Afghan economy and especially regions affected by the devastating earthquakes in October last year, “are still hurting”, the UN Development Programme (UNDP) said, as…
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Economy
UK economy falls into recession
LONDON: Britain's economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an election expected…
Germany becomes world’s third-biggest economy as Japan slips into recession
TOKYO: Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and raising doubts about when the central bank…
Gaza’s destruction will take decades to reverse: UNCTAD
NEW YORK: Israel’s war on Gaza has resulted in an unprecedented level of destruction to its economy which will take tens of billions of dollars and decades to reverse, UN trade and…
India to become world’s third-largest economy by 2030
MUMBAI: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world's third-largest economy by 2030, S&P Global…
Oil prices steady above $90 as investors assess Israel-Hamas war
LONDON: Brent oil futures steadied above $90 a barrel on Monday after passing the threshold on Friday, as investors waited to see if the Israel-Hamas conflict draws in other countries.…
World Bank forecasts Saudi economy contracting in 2023
The World Bank expects Saudi Arabia's economy to contract by 0.9% in 2023, it said in a report, revising its growth forecast for the world's top oil exporter sharply lower on the back of…
15pc increase in govt employees’ salaries manifestation of strong economy: Fawad
ISLAMABAD, Feb 10 :Minister for Information and Broadcasting Chaudhry Fawad Hussain said on Thursday that the announcement of 15 percent increase in salaries of federal government employees…
Emirates Air posts $5.5B loss as virus disrupts travel
The Middle East’s largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by…
IMF programme to continue: Tarin
ISLAMABAD (APP): Federal Minister for Finance Shaukat Tarin, ruling out any disagreement between Pakistan and International Monetary Fund (IMF), on Monday said the Extended Fund Facility…
Amazon inclusion to boost Pakistan’s exports: President
President Dr Arif Alvi Wednesday said that Pakistan’s inclusion in Amazon sellers list would boost exports of the country as well as generate enormous employment opportunities for the young…
NEC okays 4.8% GDP growth target for next year
The National Economic Council (NEC) on Monday approved the Gross Domestic Product (GDP) growth projections for the financial year 2021-22 including the proposed growth target of 4.8%.
The…
Bilawal credits PPP for most progressive economic, agricultural policies
KARACHI/ISLAMABAD: Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari has said that the disastrous economic policies of the selected Prime Minister Imran Ahmed Khan Niazi have…
Pakistan and Afghanistan should have integrated economies: Dr. Moeed Yusuf
ISLAMABAD: Dr. Moeed Yusuf, SAPM on National Security Division and Strategic Policy Planning affirmed Pakistan’s support for an economically thriving Afghanistan and reiterated Prime…
Drop the ‘Cold War mentality’: China to US
REUTERS: China on Wednesday urged the United States to desist from its "Cold War attitude" and avoid its accusations against Beijing and ratcheting up tensions.
Pompeo on Tuesday visited…