Economic crisis

Tea Imports ISLAMABAD: Amid a severe economic crisis, Pakistan’s tea imports surged during the first eight months of the current financial year, rising by 10.13% compared to the same period …

The United Arab Emirates (UAE) has finalized a deal to purchase the coastal town of Ras al-Hikmah in Egypt for $35 billion. According to Egyptian Prime Minister Mostafa Madbouly, the …

Third Term Abdel Fattah al-Sisi has secured a third, six-year term as Egypt’s president with a resounding victory, capturing 89.6% of the votes in an election where he faced no …

Sri Lankan Rupee ISLAMABAD: Pakistan’s bailout package deal with the International Monetary Fund proved more fatal for the local currency in comparison with Sri Lankan currency. On Tuesday, the Pakistani …

Argentina’s Peso shakes hand with Pakistani Rupee ISLAMABAD: Argentina’s Peso has crashed in a year against the US dollar and other major currencies. This has happened despite approval of a …

KARACHI: Indus Motor Company Limited, a prominent player in Pakistan’s automotive industry and the manufacturer of Toyota vehicles has temporarily closed its production plant for two weeks. The closure is …

Argentina’s Peso crashes despite IMF’s bailout package BUENOS AIRES /ISLAMABAD: Argentina’s Peso has crashed in a year against the US dollar and other major currencies. This has happened despite approval …

Mao Ning, a spokeswoman for the Chinese Foreign Ministry today said that China urged “concerted efforts of all parties to play a constructive role in the economic developments of Pakistan.”

ISLAMABAD: Prime Minister Shehbaz Sharif today announced 20-point austerity measures to save Rs 200 billion and minimize the government’s expenditures at a time when Pakistan is facing an economic crisis …

Toyota Indus Motor Company (IMC) Limited has issued its financial results for the six-month period ending December 31, 2022. From July-December of the fiscal year 2022-23: The company declared a …