Business & Economy

ISLAMABAD 08 July (Online): The government has constituted a 10-member committee to ensure the implementation of austerity measures, as it sought to cut expenditures to reduce fiscal debt, it emerged on Friday. The move comes as Pakistan is seeking the resumption of the IMF’s extended […]

BEIJING, July 8 (APP): The Pakistani businessmen and traders participated in the 28th China Lanzhou Investment and Trade Fair kicked off in Lanzhou, capital of northwest China’s Gansu Province. The five-day event that will feature business negotiations and forums aims to boost economic and trade […]

Hong Kong, July 8 (AFP/APP): Asian markets rose Friday on easing recession fears, while there were growing hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods. Buying was also boosted by reports that Beijing was considering a huge stimulus shot to the […]

Buenos Aires, July 8 (AFP/APP): A political crisis in inflation-ravaged Argentina that was sparked by the economy minister’s resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars. “Every day it’s like going out […]

ISLAMABAD, JULY 07 (Online): The Pakistan Economy Watch (PEW) on Thursday said in the presence of contradictory, ambiguous and negative policies, only a miracle can save Pakistan from going bankrupt. Pakistan had gone bankrupt in 2018 but an IMF loan and help from friendly countries […]

ISLAMABAD, Jul 6 (APP): Federal Minister for Finance Miftah Ismail on Wednesday said that the government would give relief to the masses on petroleum products if their prices continued decreasing in the international market. Talking to PTV, he said had the previous government stayed in […]

Washington, July 6 (AFP/APP): US central bankers last month flagged the concern that sky-high inflation could become persistent and reiterated their willingness to continue raising interest rates to tamp down price pressures, according to the minutes of the latest policy meeting released Wednesday. Officials were […]

ISLAMABAD, Jul 6 (APP): Prime Minister Muhammad Shehbaz Sharif Wednesday said that he had ordered an inquiry into criminal delay in Gwadar Breakwater project as the Pakistan Tehreek-i-Insaf’s government had ignored it despite availability of grants. On his Twitter handle, the prime minister said $445m […]

SEOUL, July 6 (Xinhua, APP): South Korean stocks fell to the lowest in about 20 months Wednesday on rising worry about global economic recessions, with the local currency hitting a 13-year low. The Korea Composite Stock Price Index (KOSPI) declined 49.77 points, or 2.13 percent, […]