ISLAMABAD: US-based financial news service, Bloomberg has warned Pakistan of an economic default if the country did not avail International Monetary Fund (IMF) deal.
According to a Bloomberg intelligence report, Pakistan’s economic crisis could further deepen if the country did not avail of the International Monetary Fund (IMF) program and...
LAHORE: The short-term Punjab budget for 2023-24 lacks basic information and some of the provisions made under various heads need clarification including the bloc allocation of Rs325 billion for development schemes and Rs70bn subsidy for the poor.
“The budget document lacks details about the allocations made for various sectors. The...
ISLAMABAD: Textile and clothing exports contracted by 14.72 per cent year-on-year to $15.03 billion during the first 11 months of the outgoing fiscal year.
The decline in production is mainly attributable to a surge in the cost of production and a liquidity crunch, according to data released by the Pakistan...
June 19: Oil prices fell on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.
Brent crude settled down 48 cents, or 0.6%, to $76.13 a barrel while U.S. West Texas...
Beijing , June 17: Tech firm Ultra has created an Artificial Intelligence (AI) tool that it says helps analysts to identify products coming from China through Temu, a digital marketplace platform, which were built using forced labour, possibly from the Uyghur population.
Ram Ben Tzion, Founder and CEO of Ultra...
Last August, as China captured the world's attention with its large-scale military exercises off Taiwan, another offensive was taking place more subtly in the digital realm.
Across social media, fabricated stories claimed that China was evacuating its citizens from Taiwan and missiles were targeting a local airport, just days after...
June 18: Drugmaker AstraZeneca (AZN.L) is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday.
A separation might not ultimately take place, the report said, citing people familiar with the...
Seoul , June 18: South Korean authorities started a probe to look after unofficially set up Chinese 'police stations' across the country. The alleged presence of such entities was found after an investigation in Seoul in 2023.
The National Intelligence Service and the police officials are looking into the suspected activities...
Goldman Sachs (NYSE:GS) slashed its economic growth forecasts for China on Sunday, stating that current levels of stimulus from the government will provide less support for the economy than previously thought.
The investment bank cut its forecast for 2023 gross domestic product (GDP) to 5.4% from 6%, joining a growing...
Cash-strapped Pakistan has received $1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan.
The State Bank of Pakistan (SBP) on Friday night confirmed having received the amount from China without sharing any other details...
