Washington [US], July 28 (ANI): US Gross Domestic Product contracted by 0.9 per cent in the second quarter of this year after a first-quarter drop of 1.6 per cent, the US Commerce Department said Thursday in a preliminary estimate that technically placed the economy in a possible recession.
New Delhi [India], July 28 (ANI): India on Thursday strongly objected to the expansion of the China-Pakistan Economic Corridor (CPEC) projects in any third country while expressing concern about its sovereignty and territorial integrity.
Islamabad [Pakistan], July 28 (ANI): With the depleting foreign currency reserves and rising inflation, Pakistan is on the brink of economic collapse and heading towards a path similar to the economic downfall of Sri Lanka.
Kabul [Afghanistan], July 28 (ANI): It is in the interest of the world to stay focused on the economic stabilization of Afghanistan, according to a US official who said that Washington is ready to ensure support to the Afghan people.
Islamabad [Pakistan], July 28 (ANI): China, the sole investor in the Gwadar projects are hesitating to invest amid uncertainties as the ongoing economic crisis and political instability in Pakistan are hitting Chinese investment sentiments.
Islamabad [Pakistan], July 28 (ANI): Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Wednesday reiterated that "only early election can end economic, political crises in Pakistan."
Colombo [Sri Lanka], July 27 (ANI): US Ambassador to Sri Lanka Julie Chung met Sri Lankan President Ranil Wickremesinghe on Wednesday and discussed the ongoing economic and political crisis and ways to work together to navigate toward a brighter future.
Beijing [China], July 27 (ANI): China is currently grappling with an economic slowdown along with a housing crisis as numerous Chinese citizens are boycotting mortgages because they are not getting possession of their accommodation units on time.
Seoul [South Korea], July 27 (ANI): The life expectancy of South Koreans in 2020 increased by 3.3 years compared to 10 years ago, ranking first among Organisation for Economic Co-operation and Development (OECD) countries.
Tashkent [Uzbekistan], July 26 (ANI): Uzbekistan hosted an international conference in Tashkent on Tuesday to garner support for the economic and social revival of Afghanistan.
Washington [US], July 26 (ANI): The International Monetary Fund (IMF) said on Tuesday that it has revised downwards its forecast for China's economic growth by 1.1 per cent in 2022 and by 1.3 per cent next year.
Islamabad [Pakistan], July 26 (ANI): Pakistan President Arif Alvi on Tuesday said that there was no harm in appointing the next army chief before the expiry of the incumbent's term, local media reported.