Business & Economy

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a concept paper on Risk Based Capital (RBC) Regime, outlining the possibility of shifting from existing solvency-based regime towards an RBC regime for Pakistan’s insurance sector. The proposed framework is consistent with international best […]

Ottawa, Dec 7 (AFP/APP): Canada’s central bank on Wednesday hiked its key lending rate by 50 basis points to 4.25 percent, saying its aggressive moves to rein in inflation were working but that the economy was still too hot. This is the highest interest rate […]

ISLAMABAD, Dec 7 (APP): Speakers on Wednesday said that Pakistan was one of the most important countries in the world due to its geographical position, but unfortunately, Pakistan had not un-fold new economic avenues with neighboring countries which needed to be explored for economic growth. […]

PHNOM PENH, Dec. 7 (Xinhua/APP) –:Cambodia’s economy is recovering well from the influence of COVID-19 pandemic with the growth being forecast at 4.8 percent in 2022 and 5.2 percent in 2023, the World Bank said in a report released on Wednesday. In its Cambodia Economic […]

Moscow, Dec 7 (AFP/APP): Russia’s oil giant Rosneft said on Wednesday its profit over the past nine months had been badly hit by the seizure of its German-based refineries by Berlin. “In 3Q 2022, the most significant negative impact on income came from the transfer […]

Washington, Dec 6 (AFP/APP): The external debt of developing economies has more than doubled from a decade ago to $9 trillion in 2021, the World Bank said Tuesday, warning the debt crisis facing these countries has intensified. The pandemic has forced many countries to take […]

ISLAMABAD, Dec 6 (APP):The Finance Division on Tuesday strongly rebutted the false assertions made in a message circulated on social media, and categorically denied that there was no planning to impose economic emergency in the country. “The message is unfortunately aimed at creating uncertainty about […]

ISLAMABAD, Dec 06 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Tuesday approved several projects related to emergency food assistance, road infrastructure, human resource development, social protection and irrigation. The meeting of the council was chaired by Federal Minister for Finance […]

Nairobi, Dec 6 (AFP/APP): The capital of Ethiopia’s Tigray region has been reconnected to the national power grid after more than a year of cuts caused by war, the country’s electricity operator said on Tuesday. The announcement came a month after a peace deal between […]

ISLAMABAD, Dec 5 (APP):Minister of State for Petroleum Musadiq Malik on Monday said that Pakistan will hold talks with Russia for further improvement in energy projects besides the import of oil. Talking to a private television channel, he said a Russian delegation would visit Pakistan […]