Islamabad: Pakistan seems to be struggling in the economic front and it is evident from the trade deficit as it widened to $23.8 billion and exceeded the annual target by $4.1 billion in 10 months of the current fiscal year. more
German broadcaster DW says Beijing's Belt and Road Initiative is full of cracks

Deutsche Welle, the leading German public state-owned international broadcaster and news agency, has said cracks are appearing in China's Belt and Road Initiative (BRI).

Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19

Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen a reversal of their fortunes in the last year, amid widespread movement restric ...

Hainan Airlines registers biggest-ever annual loss for a listed Chinese company

Beijing: Hainan Airlines Holding, the aviation unit of debt-laden Chinese conglomerate HNA Group, is facing the heat of COVID-19 outbreak as it  posted the biggest-ever annual loss a ...

Chinese small businesses still struggle to recover from COVID-19 massacre

Beijing: China's small businesses are still failing to add to the country's economic recovery as they are struggling to still deal with the damage done to them by COVID-19.

110,000 Afghans to get jobs in Gulf countries

Over 100,000 Afghans will soon get work visas for jobs in Gulf countries, mainly in Saudi Arabia and the United Arab Emirates, reported TOLOnews. This is the first time when the Afghan wo ...

Myanmar approaching point of economic collapse: UN report

The turmoil following the military coup in Myanmar, coupled with the impact of COVID-19 could result in up to 25 million people – nearly half of the country’s population, livi ...

Bangladesh, Indonesia push for early trade deal

Bangladesh and Indonesia stressed the early signing of the Preferential Trade Agreement (PTA) to boost the duty-free exports of potential commodities of the two nations in the first meeti ...

Bhutan expects 3.3 GDP growth next fiscal year

Bhutan’s GDP is expected to grow by 3.3 percent next fiscal year, according to an estimate by the Bhutanese government. The country is hoping for a good recovery once it completes i ...

Bangladesh GDP may grow 5.5-6 pc in current fiscal: ADB

The Asian Development Bank (ADB) has forecast a 5.5- 6 percent GDP growth for Bangladesh in the current fiscal.