Trucks loaded with containers outside a port in Mumbai. File/Associated Press
As economies around the globe have remained under intense pressure owing to the COVID-19 pandemic, the Pakistani economy is showing encouraging signs of a promising recovery with improved economic indicators.
With India’s 1.3 billion people under lockdown, a third of the planet — some 2.9 billion people according to an AFP tally — is now under orders to stay home, and this certainly is one of the most challenging periods for humanity.
Total lockdown, lesser industrial activity, travel restrictions, shutdown of non-essential services, lesser vehicles on the road – measures taken by the Indian government and by governments across the globe to battle the coronavirus have had one immediate effect!
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.
Amazon.com has opened its first-ever physical store outside the United States, which is expected to create a new trend in the British retailing sector.
The US employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.