economy
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With rupee fall, economy slows | The Express Tribune
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[ad_1] LAHORE: The external sector has started to lose steam. From July to February FY22, the trade deficit remained around $30 billion. Although the growth in merchandise exports was 28%, the import growth of around 49% aggravated the trade deficit. Despite 7.4% growth in remittances, the current account deficit came in at $12 billion. As…
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No-trust move: Moody concerned for Pakistan’s economy | The Express Tribune
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[ad_1] KARACHI: The Moody’s Investor Service has termed the no confidence motion against Prime Minister Imran Khan credit negative and expressed concern that it could act as a hurdle in way of smooth reform process in Pakistan. “We view the no-confidence motion as credit negative because it raises significant uncertainty over policy continuity, as well…
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Political instability can derail economy | The Express Tribune
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[ad_1] ISLAMABAD: The escalation of geopolitical tensions and domestic political conditions can hamper the positive outlook for Pakistan’s economy and they might also aggravate the macroeconomic imbalances, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Citing a report in a statement on Tuesday, he expressed grave concerns over the growing risks…
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Experts for gauging street economy contribution | The Express Tribune
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[ad_1] ISLAMABAD: Local researchers and academics must conduct research and find solutions to Pakistan’s problems, said Pakistan Institute of Development Economics (PIDE) Vice Chancellor Dr Nadeemul Haque. Speaking at the Research for Social Transformation and Advancement (RASTA) conference in Bhurban on Tuesday, he added that the country could follow global research but it had to…
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Literature and economy | The Express Tribune
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[ad_1] LAHORE: Intuitively, the link between literature and the economy is not expressly apparent. Following an analysis of the two disciplines, my assertion is that these two fields are inextricably connected. Literature serves as a reflection of the economic situation of a nation, and that it drives economic progression. Historically, and presently, the two disciplines…
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‘Faisalabad ready to lift economy’ | The Express Tribune
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[ad_1] FAISALABAD: After excelling in the field of textile, Faisalabad is ready to lead the national economy with phenomenal growth in conventional and emerging industrial sectors, remarked Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood. Speaking at the Pakistan Economic Conference (PEC) 2022 on Saturday, the PM aide appreciated the dynamism and…
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Good move for the economy | The Express Tribune
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[ad_1] KARACHI: It is our thinking that institutions do exist to prevent us from developing but at the same time we should see that the rapidly growing economies like Hong Kong, Singapore, South Korea and Taiwan have borrowed from different institutions like the World Bank, Asian Development Bank and International Monetary Fund (IMF). These countries…
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War and inflation threaten world economy
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[ad_1] — AFP/File PARIS: The world economy’s fragile recovery from the COVID-induced crisis is now threatened by Russia’s war in Ukraine and soaring commodity prices. Here are four questions regarding the risks to global GDP: Will growth stall? “The war happened right at a time when Europe and the US had a recovery that was…
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Global economy trapped in chaos | The Express Tribune
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[ad_1] PUBLISHED March 06, 2022 KARACHI: Last month, the world was rocked by another unprecedented event that sent shockwaves throughout the globe and placed major nations on the brink of another world war. Despite being predicted for the past many days, the Russian invasion of Ukraine came as a surprise for everyone. Developed western nations…
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IMF says Ukraine war will have ‘severe impact’ on global economy | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Saturday said it expected to bring Ukraine’s request for $1.4 billion in emergency financing to its board for approval as early as next week and was in talks about funding options with authorities in neighbouring Moldova. In a statement, the global lender said the war in Ukraine was…
