Search For "economy"
2023 brought more miseries to Pakistan's economy, analysts warn of bankrup
Updated : 3 years, 5 months ago IST
Businesses in Pakistan are at risk of closure due to a breakdown of supply chains as domestically manufactured goods rely on imported raw materials. The textile industry in Pakistan is also in a critical position as it is losing credibility and market share among international buyers.
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Pakistan facing net wheat deficit of 2.37 million metric tons, says food m
Updated : 3 years, 5 months ago IST
Pakistan National Assembly member and Minister for National Food Security and Research Tariq Bashir Cheema in a statement during question hour in the upper house of parliament said that Islamabad, at present, is facing a net wheat deficit of 2.37 million metric tons, pointing out at the Sout
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Pakistan's nationwide electricity blackout serves as warning of dystopian
Updated : 3 years, 5 months ago IST
The power system in Pakistan has long been a source of frustration and difficulty for its citizens. The latest power outage, which left millions without electricity, is just the latest example of a chronic problem that has plagued the country for years.
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Will draw master plan to promote coastal tourism: CM Bommai
Updated : 3 years, 5 months ago IST
Karnataka Chief Minister Basavaraj Bommai on Friday said that a master plan will be drawn up to promote culture and temple tourism in Coastal Karnataka in order to improve the economy of the state.
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Make sustainability an important element of life, says Piyush Goyal
Updated : 3 years, 5 months ago IST
Piyush Goyal also asked everyone to adopt LiFE- Lifestyle for the Environment so that in day-to-day lives so one could start focusing on a circular economy, start eliminating wastage and start recycling and reusing.
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Pakistan's recent countrywide electricity blackout linked to forex woes
Updated : 3 years, 5 months ago IST
A prolonged shortage of dollars is wreaking havoc throughout the economy and a nationwide power outage this week underscored the razor-thin margins for error in Pakistan's energy sector.
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China re-assessing labour policies amid shrinking population
Updated : 3 years, 5 months ago IST
A labour shortage will automatically strengthen the labouring Chinese demand for decent work hours and pay. But once labour becomes costly, it will reduce the benefits of manufacturing accruing to the government and impact exports.
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Pakistani rupee sees highest 1-day fall in 20 years
Updated : 3 years, 5 months ago IST
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand of the IMF as part of a programme of economic reforms it has agreed on with the debt-laden South Asian nation.
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US economy expands 2.9 per cent in December quarter
Updated : 3 years, 5 months ago IST
"The increase in private inventory investment was led by manufacturing (mainly petroleum and coal products as well as chemicals) as well as mining, utilities, and construction industries (led by utilities)," the US Department of Commerce said.
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Pak govt increases development funds for lawmakers by 30 pc amid economic
Updated : 3 years, 5 months ago IST
Despite facing severe foreign exchange shortage and being under economic crisis, the government of Pakistan has ordered a massive hike of 30 per cent in development funds to PKR 90 billion for Parliamentarians, according to Dawn.
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US dollar gains strength as Chinese Yuan depreciates amid its shrinking ec
Updated : 3 years, 5 months ago IST
Notably, in the wake of the Covid-19 pandemic, people see the dollar as the safe place to put their money in, avoiding risks; not the Chinese Yuan.
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USD 10 billion payouts: Will Pakistan be able to redeem itself or default
Updated : 3 years, 5 months ago IST
The burning question is - given the generous donation of the international community, will Pakistan be able to redeem itself or default again and remain a global joke?
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