Economy

S&P Global Ratings further downgraded Pakistan’s long term sovereign credit rating to ‘CCC+’ from ‘B-‘. Pakistan, foreign exchange reserves which are already under $7 billion level will continue to remain …

China’s economy is going through one of its most uncertain phases amid a surge in Covid cases. On one hand economic activities have slumped and on the other there has …

India, which has already been in talks with Russia for a rupee-rouble payment system, is now looking at expanding the rupee trade with other nations as well, including several countries …

Pakistan’s economic crisis is deepening amid rising political and security uncertainty. Though the country managed to avert a default earlier this month, the challenges on the economic front are multiplying …

Pakistan’s political uncertainty has had an impact on the inflow of foreign direct investments (FDI). In November, Pakistan’s net FDI inflow stood at $81.8 million — a drop of 48 …

India’s exports of dairy products have nearly doubled to Rs 4,700 crore this year compared to Rs 2,400 crore in 2021. This is a significant jump from Rs 1,200 crore …

As Pakistan drastically slashed fuel prices, what will the International Monetary Fund’s (IMF) stand on the ongoing loan programme? Will the multilateral agency continue with the financial assistance programme for …

Airports Authority of India (AAI) and other private Airport Developers have targeted a capital outlay of approximately Rs. 98,000 crore in the airport sector over the next five years for …

India may remain at the top of the chart as the world’s largest supplier of rice despite imposing stringent restrictions on exports of the grain in September. According to Worldstopexports, …

Elon Musk, once worth as much as $340 billion, has been displaced as the world’s richest person by Bernard Arnault,73, the chief executive of luxury brand Louis Vuitton’s parent company …

Low carbon energy investments into India could rise. According to reports, India may attract investments worth $10 billion in the low-carbon energy segment next year. Bank of America analysts have …

Pakistan’s foreign exchange reserves at $6.72 billion – lowest in almost four years — mostly comprises borrowed money from other countries and multilateral agencies. Its own reserves are perilously close …

Japanese electronic major Panasonic Group is expanding its housing utility business especially for modular kitchens in India which is witnessing a huge demand for new homes. The company has already …

Several issues including a host of non trade ones such as labour, intellectual property rights and environment could become a stumbling block in the ongoing negotiations for the proposed free …

As Pakistan’s foreign exchange reserves held by its central bank fell to $6.7 billion during the week that ended December 2, Islamabad may have to look at restructuring its debt. …

As the dust settles on Gujarat and Himachal Pradesh elections and their outcomes, the focus will shift to the northeast. Assembly elections in Tripura, Meghalaya and Nagaland are expected to …

Moscow has welcomed India’s decision not to stick to the G7’s decision of imposing a price cap on Russian oil. Russia’s Deputy Prime Minister Alexander Novak conveyed this message during …

The government has approved 67 proposals from 30 small and large-scale companies that will bring in an investment of Rs 42,500 crore for the manufacture of “specialty steel” in the …

Improvement in the law and order situation, basic infrastructure development to ensure bijli, sadak and paani (electricity, roads and water) besides the Modi factor led to the Bharatiya Janata Party’s …

Bangladesh Prime Minister Sheikh Hasina has a tall task ahead as the country’s primary opposition party Bangladesh Nationalist Party (BNP) gears up to launch a massive rally in Dhaka on …

The Reserve Bank of India (RBI) today hiked the repo rate – the rate at which banks borrow from the central bank—by 35 basis points, which was on expected lines. …