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UK economy hits reverse in October: data

UK economy shrank by more than expected in October in a broad-based decline, official data showed Wednesday, hitting reverse as high interest rates took...

India to be world’s third-largest economy by 2030

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world's third-largest...

Global banks face negative outlook

LONDON: Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in...

Global economy to slow down but likely avoid recession

Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in...

Emerging Economic Powerhouse: A Deep Dive into Pakistan’s Significant Growth Across Various Sectors

In recent times, Pakistan has been experiencing a remarkable upswing in various sectors, paving the way for robust economic growth. This positive trend is...

Pakistan to work for technology development to uplift economy: Umar

ISLAMABAD: Caretaker Minister for Science, Information Technology and Telecommunication Dr. Umar Saif says government is making all-out efforts for development of technology sector to...

World Cup 2023: Crazy fans set to add a kicker to India’s economy

Match tickets selling for up to 50,000 Indian rupees ($600) a pop. Flights to get to a venue. Hotel bookings. Or even just a...

Debt-laden companies can fail en masse in 2024; here’s why

Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half of 2024, a challenge that could...

Pakistan’s Trillion-Dollar Economic Revival: IMARAT’s Vision 2047 Showcased Globally 

With 70% of overseas Pakistanis channeling their remittances into the property and contributing USD12 billion annually, there's no denying the sector's centrality to Pakistan's...

Pakistani economy is tanking while global economy is picking up

It is indeed ironic to observe that while the global economic situation is recovering from the setbacks of Covid pandemic and Ukraine war yet...

Fragile economic position despite dollar control measures

The extreme volatility in the stock exchange is supposedly a barometer of the economic activity taking place in a country and Pakistan's stock trade...

Economy plagued by devaluation and inflation

The fact that the pricing index is going up since a considerable time now is viewed with suspicion by analysts. They also express surprise...

Thailand plans fuel price cuts to revive economy

Thailand's new government plans to give each citizen a 10,000 baht ($282) handout, delay debt payments and lower energy prices in a bid to...

India’s economy grows at fastest pace in a year

India's economy grew at its fastest pace in a year in the June quarter, supported by strong services activity and robust demand, data released...

US Fed members disagreed over whether to raise rates, minutes show

WASHINGTON: A couple of Federal Reserve officials would have backed pausing US interest rate hikes last month, but ultimately supported another increase to tackle...

Pakistan’s Economy Still Not Out Of the Woods

Pakistan's economy is still struggling despite the financial bailout of the IMF along with unlocking the door for obtaining further financial succour from friendly...
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“Can’t afford post-retirement life at home,” says ailing 73-year-old bike rider

A PIA retiree, Nizam prefers making a living by working in a ride-hailing service, over depending on help in an economy where most elderly cannot afford luxury of living away their old-age detached from financial difficulties

Khawaja Asif castigates PTI for ‘destroying country’s economy’

SIALKOT: Defence Minister Khawaja Muhammad Asif on Sunday asserted that the previous Pakistan Tehreek-e-Insaf (PTI) government weakened national economy by introducing wrong policies, ARY...

Yellen urges ‘direct’ talks, US-China climate collaboration

Washington and Beijing should communicate "directly" on concerns about specific economic practices, US Treasury Secretary Janet Yellen said Saturday, urging greater cooperation between the...

Economic meltdown spurs more people to risk lives to reach Europe

Hameed Iqbal Bhatti had prospered over two decades working in Saudi Arabia, but after returning to Pakistan three years ago, he was getting desperate....
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