economic
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Where is the economic driver? | The Express Tribune
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[ad_1] KARACHI: Clock is ticking, and ticking fast. Pakistan’s oscillating economic and political fortunes – no less than a roller-coaster ride – are swinging again at an unprecedented pace for even the country’s standards. The melodrama in the last six weeks is disappointing, feeding uncertainty and making a mockery of the system. Yes, the political…
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Oil dips below $100 on economic worries, strong dollar | The Express Tribune
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[ad_1] HOUSTON: US crude oil prices dipped below $100 on Tuesday to its lowest in two weeks as demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies. US West Texas Intermediate crude fell $3.25, or 3.13%, to $99.85…
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Economic stability key concern: Ismail | The Express Tribune
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[ad_1] ISLAMABAD: The government is strictly committed to ensuring financial discipline through effective and farsighted policies for enhancing the overall growth of the country, remarked Federal Minister for Finance and Revenue Miftah Ismail. In a meeting with a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday, the minister underlined…
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New government but old economic crisis | The Express Tribune
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[ad_1] KARACHI: The economy is trapped in a vicious cycle as the balance of payments crisis emerges after every few years. Even though the government has changed, the economic challenges remain the same. The volatility in the currency exchange rate, the rising current account deficit and the challenges on the fiscal front at a time…
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Govt aims to bring economic stability | The Express Tribune
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[ad_1] ISLAMABAD: The year 2022 will see economic stability, development and public welfare under the leadership of Prime Minister Shehbaz Sharif, Minister of State for Finance Dr Aisha Ghaus Pasha remarked. Talking to a news channel on Wednesday, she underlined that political stability was important and necessary to mobilise Pakistan’s economy. “Once again, Pakistan will…
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Asia markets react to Chinese economic data
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[ad_1] Asian stocks react to news about growth concerns in China and rising interest rates in the United States. Photo: AFP/file HONG KONG: Asian stocks were digesting news about growth concerns in China and rising interest rates in the United States on Tuesday with Japan edging marginally higher, but Hong Kong falling sharply in early…
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No time for economic mourning | The Express Tribune
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[ad_1] KARACHI: It’s done. We have a new set of economic managers. The gruesome politicking, hourly chess moves, neutrality of umpires and the locking of dissidents is over. While the bickering, protests, unfolding of new corruption cases and closing of the previous ones would continue for the foreseeable future, the imminent task is to “steady…
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Crises slowing economic growth worldwide: IMF | The Express Tribune
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[ad_1] WASHINGTON: The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said on Thursday. Beyond the humanitarian tragedy and economic crises, the war has exposed fractures in the international system at a time when global cooperation is the only solution,…
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PM Shehbaz orders urgent formulation of economic reforms strategy | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday chaired a high level meeting to discuss the country’s current economic situation wherein he directed his economic team to formulate an economic reform strategy on an emergency basis. The premier stated that the government was taking urgent measures to achieve economic stability. He directed his economic team…
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Economic challenges to persist: Fitch | The Express Tribune
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[ad_1] KARACHI: Despite the change in the political setup, the challenges remain the same and the problems of inflation, external risks and supply disruption are expected to loom large over Pakistan’s economy in the days to come. “The recent government change in Pakistan has been peaceful, however, it raises near-term policy uncertainty as the country…
