The Pakistani rupee is constantly devaluated against the US dollar in the domestic market. It has lost almost 3.7% of its value now- to the point that the Pakistani rupee was the worst-performing currency of Asia last year. Moreover, oil prices have increased dramatically by 9% which caused a tumult in the nation. Pakistan’s economy […]
WASHINGTON — President Joe Biden responds to the June jobs numbers on Friday, saying the strong growth in employment reflects; the success of his American Rescue Plan relief bill this spring and his administration’s nationwide vaccination campaigns. Also, “We’re proving to the naysayers and the doubters that they were wrong,” Biden says; Friday morning at […]
Ministry of Finance is considering a stimulus package to support the economy on Tuesday. Finance Minister, Shaukat Tarin, is reportedly leading the initiative, which will contain monetary, fiscal, or both elements. The stimulus package details have not been shared so far, as it is still a work in progress. The minister also told the media […]
Prime Minister Imran Khan, during the telephone session with the public on Sunday, has shared his Ramadan routine with everyone. When asked about his exercise routine during Ramadan, PM Imran replied, “I always do exercise before breaking my fast, and actually we all should do it as it is quite healthy doing so.” “Keeping fast […]
Pakistan’s exports have increased to $2.345 billion in March 2021; according to the provisional figures by the Ministry of Commerce, said Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood, on Thursday. He took to Twitter and announced, “Ministry of Commerce is glad to share that according to provisional figures; in March 2021 […]
ISLAMABAD: In a show of confidence in Pakistan from foreign investors, the Euro bonds floated by the country were able to fetch US$2.5 billion from the international market. According to details, the country rolled out three separate Euro bonds in the international market; having a time frame between 5 years to 30 years. An interest […]
The Minister for Industries and Production, Hammad Azhar, has announced that large scale Manufacturing; including Automobiles, Textile, Sugar, and Medicine, in Pakistan 🇵🇰 has #Grown 📈 by 9.1% – the 2nd #Highest Growth Recorded after many years #NayaPakistan ❤ The minister also added that sustained and Robust Growth in the industry is Expected to #Lift 📈 Economic […]
China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think-tank said. “For some time, an overarching theme of global economics has been the economic and soft power struggle between the […]
Be it India economy, it’s handling of the Coronavirus pandemic, its socio-political landscape, its foreign policy, its handling of security, and its democratic institutions and instincts — all are in a varying degree of crisis today, endangering the nation’s rise as a credible and stable global player. Indian economy is passing through a historic low […]
Spain began its nationwide curfew on Sunday night after the country declared a national emergency state of coronavirus. According to the Prime Minister Pedro, the free movement of people on streets will be restricted from 11pm to 6am CET. It’s likely to remain in place in Spain for about six months. The curfew has few […]
