The Pakistani government is actively engaged in discussions with the Industrial and Commercial Bank of China (ICBC) and the Bank of China, seeking a combined loan of USD 600 million.
According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per barrel in 2025 could be upended if oil prices spike to USD 120 per barrel in 2024 and USD 100 per barrel in 2025 due to supply restrictions.
Amid a glooming economy, Pakistan is the most vulnerable to balance of payment (BOP) crises among the South Asian sovereigns with the lowest level of exports of 10.5 per cent of GDP, Business Recorder reported citing a report by Moody's Investors Services.
For the first time ever, the First Minister and two most senior ministers ( Health and Economy) of Wales attended the Diwali celebrations organised by the Indian Consul in Cardiff on Wednesday.
Mumbai (Maharashtra) [India], November 9: Indian aluminium demand is growing rapidly due to increase in population, urbanisation and industrialisation. It is an important metal for high-value demand segments like infrastructure - Power, Transportation, Railways, Aerospace, Building & Con
Das said, "The global economy continues to face multiple macroeconomic and geopolitical shocks. The prediction of a global recession has not come true but there are indications that global growth is slowing down amid tightening financial conditions and still elevated inflation. Even as the f
Gandhinagar (Gujarat) [India], November 9: Deakin University, a leading Australian university consistently ranked among the top 1 per cent of universities worldwide, announced the commencement of admission applications for Master of Business Analytics and Master of Cyber Security (Profession
As the third Republican debate goes live in Miami, the candidate for 2024 United States (US) presidential polls, Nikki Haley called fellow contender Vivek Ramaswamy 'scum' as the two sparred against each other on several issues, including foreign policy, economy and much more, ABC News repor
Leading the potshot at the central leadership, Congress President Mallikarjun Kharge termed the demonetization drive the biggest assault on India's economy and livelihood.
The Pakistan Business Council (PBC), a policy advocacy group representing Pakistan's largest businesses, said the combined value of smuggling, under-invoicing, mis-declaration of imports, counterfeiting and adulteration was estimated at $68 billion or 20 per cent of the formal economy.
Some sectors such as fertilisers and diamonds -- both cut and polished -- may see a slight, but manageable, impact, while for most others impact will be insignificant, the rating agency said on Tuesday in a report.
Bangalore (Karnataka) [India], November 7: The wedding industry has always been a vibrant and dynamic sector of the economy. However, the last few years have seen an unprecedented transformation in the way weddings are celebrated. From intimate gatherings to grand spectacles, the wedding ind