On Monday, the IMF and World Bank jointly cautioned that the ongoing Gaza war and associated attacks on shipping in the Red Sea pose significant threats to the global economy. …
global economy
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International
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ISLAMABAD: During the upcoming four-day visit of caretaker Prime Minister Anwaarul Haq Kakar to Beijing, starting from Oct 16, China and Pakistan will sign significant agreements regarding motorways and highways …
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Exclusive
Russian ruble crashes to 97 to a dollar in a year due to war with Ukraine and sanctions
by Hamza Irshadby Hamza IrshadRussian ruble crashes to 97 The Russian ruble has crashed in a year due to an unending war with Ukraine and the US-led Western sanctions. By Aug 15, 2023, the …
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Global debt hits $305 trillion in March 2023: IIF Report ISLAMABAD: At close to $305 trillion, global debt is now $45 trillion higher than its pre-pandemic level and is expected …
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EconomyLatest Updates
Get ready to face another big recession, warns Jeff Bezos
by Umar Sohailby Umar SohailOne of the richest Americans and founder of Amazon Jeff Bezos has forewardned the consumers and business concerns about impending big recession in the United States which would ultimately grip …
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International
Oil prices edge up after falling to a near 6-month low on supply fears
by Hamza Irshadby Hamza IrshadOil prices increased on Thursday as supply fears spurred a rebound from multi-month lows hit the previous session following dismal fuel demand data from the United States. At 0653 GMT, …
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WASHINGTON: The IMF’s top economist said Tuesday that while the global economy is in danger of slowing, the most important issue for policymakers is to control rising inflation.
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EconomyInternational
Russian ruble further gains value to 57 to emerge the strongest currency in world
by Umar Sohailby Umar SohailRussia invaded Ukraine on Feb 28 and in the first week of March, the Russian ruble crashed to 128 against the US dollar in the backdrop of economic sanctions imposed …
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EconomyInternationalLatest Updates
Bitcoin, Altcoins further crash in international markets
by Umar Sohailby Umar SohailMillions of crypto-lovers have sidelined from the market after facing losses and waiting for the return of good days. Miners too have adopted wait-and-see policy as the cost of mining …
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EconomyInternationalLatest Updates
Cryptocurrency crashes amid price-hike and Ukraine war
by Umar Sohailby Umar SohailAnalysts said the crash of cryptocurrency would boost the value of real estate globally in the coming weeks.