China has revised its 2023 gross domestic product (GDP) upward by 2.7%, adding 3.4 trillion yuan ($17.73 trillion), according to the National Bureau of Statistics […]
Category: Business
India economy to grow at 6.5% amid global uncertainties.
India’s economy is projected to grow at around 6.5% in fiscal year 2024/25, leaning toward the lower end of the government’s 6.5%-7% forecast due to […]
Turkey central bank lowers interest rate after nearly two years.
Turkey’s central bank has reduced its key interest rate for the first time in nearly two years, aiming to address persistent double-digit inflation. The monetary […]
OGDCL Restarts Daris West 2 Well with Enhanced Oil, Gas, and LPG Production
The Oil and Gas Development Company Limited (OGDCL) has successfully resumed operations at the Daris West 2 well, marking a significant milestone in Pakistan’s energy sector
Pakistan’s Foreign Loans: A Deep Dive into the Decline in External Funding
Pakistan’s economy has faced a significant downturn in foreign loans and funding from July to November of the current fiscal year, highlighting the growing challenges in managing the country’s financial needs
Non-Textile Exports Surge by 17.6%: A Milestone for Economic Growth
The first four months of the current fiscal year have brought promising news for the country’s economy, as non-textile exports witnessed a significant increase of 17.6%.
Government Allocates Over Rs 50 Billion in Additional Power Sector Subsidies
In a significant move to address the ongoing challenges in the energy sector, the government has announced the release of more than Rs 50 billion in subsidies for the power sector
U.S. stocks rally, recovering significant losses amid economic and political uncertainty.
U.S. stock markets surged on Friday, reversing a week of sharp declines. The S&P 500 climbed 1.8%, on pace for its strongest day in six […]
Pakistan cotton crisis worsens as arrivals decline by 33%.
The ongoing cotton season in Pakistan continues to paint a bleak picture for the country’s textile industry and farmers. The latest report from the Pakistan […]