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    Caring nation

    Caring nation

    15 Oct 2022

    Hats off to the visionary leaders of the United Arab Emirates for the way they have dealt with the most deadly coronavirus and not only saved their people but also...

    Pakistan seeks rescheduling of $27b bilateral debt, says minister

    Pakistan seeks rescheduling of $27b bilateral debt, says minister

    15 Oct 2022

    Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will...

    UAE economy likely to grow 5.1% this year, forecasts IMF

    UAE economy likely to grow 5.1% this year, forecasts IMF

    14 Oct 2022

    Inayat-ur-Rahman,  Business Editor The International Monetary (IMF) has revised the UAE’s economic growth forecast upward for 2022 and 2023 in the latest report. According to the IMF’s World Economic...

    Important meeting

    Important meeting

    13 Oct 2022

    The Group of 20 meeting on Thursday under the shadow of multiple crises, from Russia’s war in Ukraine to a global economic slowdown, on top of soaring inflation and climate...

    Pakistan will not seek Paris Club debt restructuring, says minister

    Pakistan will not seek Paris Club debt restructuring, says minister

    09 Oct 2022

    Pakistan will not seek debt restructuring from Paris Club creditor nations, the country’s finance minister Ishaq Dar said on Sunday as he sought to restore market confidence after a credit...

    Sri Lanka holds rates as economy banks on govt reforms, IMF bailout

    Sri Lanka holds rates as economy banks on govt reforms, IMF bailout

    06 Oct 2022

    Sri Lanka’s central bank held policy rates steady on Thursday, saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as the crisis-hit nation grapples...

    IMF warns of higher recession risk and darker global outlook

    IMF warns of higher recession risk and darker global outlook

    06 Oct 2022

    The International Monetary Fund  is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by $4 trillion through 2026. Kristalina Georgieva, managing director...

    IMF cautions UK on its budget concessions

    IMF cautions UK on its budget concessions

    29 Sep 2022

    In the fight for the ruling Conservative Party leadership, Prime Minister Liz Truss showed no doubts that she will implement tax cuts to help businesses to come out of the...

    Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages

    Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages

    15 Sep 2022

    Sri Lanka’s economy shrank 8.4 per cent in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and...

    Pakistan expects economy to grow more than 3.5%

    Pakistan expects economy to grow more than 3.5%

    04 Sep 2022

    Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday. Ismail predicted inflation, running...

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