Global rating agency Moody’s downgraded Pakistan’s sovereign credit rating to Caa3 from Caa1 on Tuesday, as rising fragile liquidity, and external position in the country raise default risks.
The rating agency also changed Pakistan’s outlook from negative to stable, and said that the stable outlook reflects Moody’s assessment that the...
India’s manufacturing sector expanded at the slowest pace in four months in February but remained relatively strong amid buoyant domestic demand, despite higher inflationary pressures, a private survey showed on Wednesday.
Rising borrowing costs and weakness in manufacturing have slowed the Indian economy. It expanded 4.4% last quarter year-on-year from...
Washington , February 27: Amid the growing conflict with the US, China is using its courts and patent panels to undermine foreign intellectual-property rights and help Chinese businesses, especially in technology, pharmaceuticals and rare-earth minerals, says American and EU officials, The Wall Street Journal reported.
China leans on an array...
Gilgit-Baltistan , February 27: The ‘expression of speech’ and ‘media freedom’ is still a distant dream for journalists and activists serving in Pakistan-occupied Kashmir (PoK) Gilgit-Baltistan region.
In a roundtable discussion organised by the Human Rights Commission of Pakistan (HRCP) on the theme, “The right to information in Gilgit-Baltistan”, the...
A high-ranking retired Pakistan Army general was arrested early Monday morning on charges of inciting the public against national institutions. Lt General (retd.) Amjad Shoaib, a prominent supporter of former prime minister Imran Khan, was detained by the Islamabad police from his residence in the federal capital after a first information report (FIR)...
Islamabad , February 28: The China-Pakistan Economic Corridor (CPEC) project that was commenced a decade ago was held as a harbinger of prosperity for Pakistan. However, seven years later, many projects under the CPEC still remain non-starters while some of those being operational have become liabilities and are incurring...
Kabul: Taliban has shut down shops that were accepting Pakistani rupees as the mode of payment in Uruzgan province, reported Tolo News.
Officials of the committee for Afghani Promotion said that the usage of foreign currency has been banned in this province and will deal legally with violators.
“We will keep...
The industrial sector in Pakistan is preparing for more job cuts and a sharp decline in production. As a result of the economic uncertainty that has gripped Pakistan, more than 1 million informal workers in the textile sector are likely to be impacted, National Trade Union Federation Pakistan (NTUF)...
China promptly issued a protest on Monday after a US Navy P-8A Poseidon reconnaissance plane flew through the Taiwan Strait in what the Seventh Fleet said was a show of the US “commitment to a free and open Indo-Pacific”.
Beijing said the US action “deliberately interrupted and undermined peace and...
Lhasa , February 27: A press statement Human Rights Council of the United Nations (UN) released on 6 February in Geneva has come out with a shocking revelation that the Chinese government is running a chain of residential schools where about a million Tibetan children are forcibly lodged in order to wipe out their Tibetan cultural identity and to brainwash...
