Economy
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Islamabad: Pakistan recorded inflation rate of  10.9 per cent in May, as per data released by the Pakistan Bureau of Statistics (PBS). more
COVID crisis to push global unemployment over 200 million mark in 2022

New York: The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-h ...

China, US resume normal contacts on trade: Beijing

Beijing/Sputnik: China and the United States have resumed normal contacts on trade and economy with a view to resolving differences, the Chinese Commerce Ministry said on Thursday.

Telecom War: Ethiopia shuns China-backed consortium, favours US

Addis Ababa: China's attempt to establish economic dominance in Africa received a jolt recently when a U.S.-backed consortium beat out one financed by China in a closely watched telec ...

Wine Export: Australia ready to take China to WTO over tariffs

Canberra: After completing consultation with wine exporters, Australia is now planning to  launch its second World Trade Organisation action in its year-long $20 billion trade disput ...

Bhutan budget lays stress on sustaining economic activities amid pandemic

The Bhutanese government has unveiled a budget of Nu 80 billion (USD 1,10,50,68,800) for the fiscal year 2021-22 aimed at maintaining public confidence and sustaining economic activities ...

Pakistan's falling economy making people struggle: Experts

Islamabad: Pakistan's economy seems to be struggling hard and this became evident from the words of finance minister Shaukat Tarin who warned lawmakers that if their administration fa ...

Africa essential for sustainable development, poverty reduction and peace

New York: Africa’s rich, diverse cultural and natural heritage, is important for sustainable development, poverty reduction, and “building and maintaining peace”, the UN ...

Bangladesh Bank approves 200 million currency swap with Sri Lanka

Bangladesh Bank has approved a 200 million US dollar currency swap with Sri Lanka’s central bank. Bangladesh and Sri Lanka agreed to the arrangement during the visit of Sri Lanka Pr ...

Pakistan witnesses drop in foreign investments by 32.5 pct in 10 months

Islamabad: The rate of  foreign investment flow in different sectors of Pakistani economy has dropped by  32.5% to $1.55 billion in the first 10 months of current fiscal year 20 ...