Workers board a bus at a power plant under construction in Islamkot, Pakistan. File/Agence France-Presse
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
The State Bank of Pakistan (SBP) released its first quarterly report on the state of Pakistan’s economy for the fiscal year of 2020 that stated progressive move as macroeconomic stabilisation process boosted with the initiation
The International Monetary Fund (IMF) has said that the industrial and social sectors in Pakistan have improved, adding that its latest economic reform programme is on track too.
The Asian Development Bank (ADB) approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen economy besides approving $300 million to support energy sector reforms.
India posted annual economic growth of 6.3% in its July-September quarter, less than half the 13.5% growth in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia’s third-largest economy. Gross domestic product growth for the full fiscal year, which ends on March 31, is likely to be 6.8-7%,
The Board of the Investment Corporation of Dubai (ICD), chaired by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, Chairman of ICD, and in the presence of Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum,
Turkey’s economy expanded 3.9 per cent in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1 per cent from the previous quarter