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IT sector witnessing significant growth in Pakistan

The Information Technology sector is witnessing significant growth under the auspices of Special Investment Facilitation Council (SIFC). Keeping in view the potential of IT, the...

‘China will be a driving force for the world economic recovery’

China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high...

China sets ambitious 5 percent growth target for 2024

China set on Tuesday a growth target of around five percent for 2024, an ambitious objective analysts said would be a challenge to meet...

IMF raises 2024 economic growth outlook

The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and...

Unemployment seen rising modestly in 2024: ILO

The global unemployment rate is expected to inch up to 5.2% this year primarily because of a rise in joblessness in advanced economies, the...

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...

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...

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...

DP World reports gross volume growth of 3.7%

DP World Limited handled 19.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2023, with...

Mastercard forecasts downbeat revenue growth on economic slowdown

Mastercard's current-quarter revenue growth forecast fell short of Wall Street estimates, fanning fears that the card company was heading into a much tougher environment...

China’s 2022 growth seen as its lowest in 40 years

China's economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and...

Turkish economic growth surges 7.3%

Turkey's annual economic growth was 7.3% in the first quarter, slightly more than expected data showed on Tuesday, driven by strong demand, manufacturing and...

Facebook-owner Meta heads for dismal quarter as advertisers unfriend

Facebook-owner Meta Platforms Inc (FB.O) is expected to report its slowest quarterly ad revenue growth in a decade on Wednesday, as businesses pull back...

Xiaomi revenue surges record 64% as smartphone sales rise

Xiaomi saw its second-quarter revenue rise a record 64% from a year earlier, it said on Wednesday, as the company grew its share of...

China central bank head says policy needs to selectively support growth, curb risks

“China’s macro leverage ratio is basically stable. We should provide positive incentives for economic entities and restrain the breeding and accumulation of financial risks.”

Pakistan exports keep $2b mark in four consecutive months, says commerce advisor

He commended exporters to achieve this feat despite difficulties due to COVID pandemic, regional export situation, and market contraction

Sindh revenue board records YoY 25pc surge in December

SRB said first six months in financial year recorded Rs57 billion, as opposed to Rs49.2 billion in the same period last year.

PM felicitates exporters for 18pc YoY growth this December

Prime Minsiter Imran Khan bade “well done” to those catalyzing the achievement in export sector and encouraged them to “keep up the trend”.

K-pop culture boosts Netflix’s international growth

Netflix reports a 66% increase in international revenue, primarily from South Korea

Cement consumption in Pakistan grows 5.04 pc in August

The construction package was expected to boost sales of cement.
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