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Economic, political tension worsens poverty in Pakistan: Report
Updated : 3 years, 2 months ago IST
The report says Pakistan's economy is under stress with low foreign reserves and high inflation. Activity has fallen with policy tightening, flood impacts, import controls, increased borrowing and fuel costs, low confidence, protracted policy and political uncertainty. Despite some projected
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SBI moves application in SC seeking clarifications on judgment on fraud cl
Updated : 3 years, 2 months ago IST
State Bank of India in its application, has sought clarification of the top court's judgment dated March 27 and that the banks can decide the time frame of adjudication depending upon the urgency of the matter.
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India poised to become 3rd largest construction market in next 2-3 yrs: Pi
Updated : 3 years, 2 months ago IST
Real Estate Regulatory Authority has played a transformational role in formalising the sector and bringing transparency and better governance practices, Piyush Goyal said.
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World Bank estimates decline in Pakistan's GDP per capita income to USD 1,
Updated : 3 years, 2 months ago IST
In its report 'Macro Poverty Outlook for Pakistan: April 2023', the bank noted that GDP per capita growth is estimated at -1.5 per cent in 2022-23 in comparison to 4.2 per cent in 2021-22.
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UAE participates in International Monetary and Financial Committee meeting
Updated : 3 years, 2 months ago IST
The meeting discussed the latest developments in the international monetary and financial system, and ways to achieve stability and global economic recovery.
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New UNESCO report reveals USD 97bn barrier to reaching education targets
Updated : 3 years, 2 months ago IST
The paper "Can countries afford their national SDG4 benchmarks?" by the Global Education Monitoring (GEM) Report of the UN Educational, Scientific and Cultural Organisation (UNESCO) was written as input for the spring meetings of the World Bank and the International Monetary Fund (IMF).
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Pakistan's inflation to rise to 29.5pc in FY23: World Bank
Updated : 3 years, 2 months ago IST
The World Bank has warned that Pakistan's inflation is projected to further rise to 29.5 per cent in the fiscal year 2023 due to higher energy and food prices and the weaker Rupee, Dawn reported.
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HFDC Bank net profit rises 20 pc to Rs 12,594 cr
Updated : 3 years, 2 months ago IST
During the annual general meeting, the board of the lender also approved a final dividend of Rs 19 a share.
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Exim Credit Bank revolutionizes trade finance to bridge the gap for SMEs a
Updated : 3 years, 2 months ago IST
New Delhi [India], April 15 (ANI/PNN): Exim Credit Bank, a UAE-based financial institution, is leading the charge in revolutionizing trade finance for small and medium-sized enterprises (SMEs), importers, and exporters across the world. Joseph R Waryoba, the Senior Portfolio Manager at Exim
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Big US banks beat earnings expectations on higher interest rates
Updated : 3 years, 2 months ago IST
JPMorgan Chase, the country's largest bank, reported a USD 12.6 billion net profit for the first quarter of 2023, up 52 per cent from a year earlier. Earnings per share jumped 56 per cent to USD 4.10.
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Ex-employee of fintech firm held with 2 associates for duping ICICI Bank c
Updated : 3 years, 2 months ago IST
The accused would ask for the complete login credentials from the customers and after logging into the account, would get the money transferred to their bank accounts using CRED App, police said.
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Climate change "hitting us from various different angles": Nirmala Sithara
Updated : 3 years, 2 months ago IST
"Climate is now hitting us from various different angles, hitting us in everyday life," Sitharaman said during a panel discussion at a World Bank-organised event on "Making it Personal: How Behavioral Change Can Tackle Climate Change".
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