Business & Economy

ISLAMABAD, April 30 (Online): The Pakistan Economy Watch (PEW) on Saturday said despite being a rich country, Pakistan depends on foreign loans for its survival because its economy is non-productive. Profit in non-productive sectors is much higher than in the productive sectors therefore the investment […]

Washington, April 29 (AFP/APP): The IMF’s Executive Board on Friday approved a two-year, $9.8 billion credit line for Colombia that the South American country can use to help its economy weather shocks from abroad. “The new arrangement under the Flexible Credit Line will reinforce market […]

Madrid, April 29 (AFP/APP): Spain on Friday slashed its economic growth forecast for 2022, mainly due to the fallout of Russia’s invasion of Ukraine which has fuelled inflation and hurt consumer demand. The gross domestic product of the eurozone’s fourth-largest economy is now expected to […]

Moscow, April 29 (AFP/APP): Russia’s central bank Friday said it was cutting its key interest rate for a second straight time as risks of price rises and financial instability were no longer rising. The Bank of Russia said it was slashing the rate from 17 […]

Tripoli, April 29 (AFP/APP): Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country’s oil minister told AFP. Oil is the lifeblood of the North African country […]

SAN FRANCISCO (USA) – April 29 (ONLINE) Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, […]

Karachi, April 29 (Online): . Irfan Iqbal Sheikh, President FPCCI, has expressed his shock over the formation of Economic Advisory Council under the leadership of Prime Minister Mian Shehbaz Sharif without consulting the business, industry and trade community of Pakistan. We have also not given […]

ISLAMABAD, April 29 (Online): Minister for Aviation and Railway Khawaja Saad Rafiq has said the induction of new planes in PIA will pave the way for more flight operations. He tweeted “more inductions have been made in PIA fleet. Air bus 320 has reached Islamabad. […]

ISLAMABAD, April 29 (Online): Minister for Energy Khurram Dastgir has said there is no crisis of electricity generation but there is crisis of fuel and former Prime Minister (PM) Imran Khan is responsible for it. “However load shedding matters will start settling gradually from May […]

SEOUL, April 28 (Xinhua/APP) –: South Korea’s passenger car export fell in the first quarter due to external uncertainties, customs office data showed Thursday. Sedan exports stood at 10.93 billion U.S. dollars in the January-March quarter, down 0.6 percent from a year earlier, according to […]