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EU bans PIA

Further disgrace for PIA as airline outlawed by European Union

Regulators in the European Union (EU) have banned Pakistan International Airlines (PIA) for six months after the state-run carrier grounded nearly a third of...
Gulf economies

Gulf economies to nosedive by 7.6% say IMF estimates

Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6% this year, an International Monetary Fund official said on Tuesday, revising downwards...
shifting power dynamics

Power dynamics to shift in post-covid world

The new coronavirus represents a new battlefield in international politics that will determine the rise and fall of nations through the shift in power...
Rooseveltian approach to economy

Boris Johnson channels Roosevelt to combat virus depression

British Prime Minister Boris Johnson said Monday the coronavirus crisis needed the type of massive economic response US president Franklin D. Roosevelt mobilised to...
Budget PTI

Much left to be desired: The PTI Budget 2020-21

The national budget 2020-21 presented today offers no surprises. Announced in a typical PTI style where, as usual, ambiguity prevails on where the real...
Hajj Saudi Arabia

Economy to take a hit as Hajj curtailed for 2020 by Saudi Arabia

Vacant religious sites. Abandoned pilgrim tents. Lifeless hotels. A stunning emptiness - and fears of economic ruin - haunt the usually bustling city of...
Pakistan’s economy

How is federal budget a success story, and not the other way round?

Pakistan’s economy had already been suffering before the COVID-19 outbreak, it was in no imminent danger of a recession. The Current Account Deficit dropped...
Emirates Etihad Pakistan

Emirates, Etihad and Fly Dubai suspend flights from Pakistan

Etihad Airways on Thursday suspended its flight operations from Pakistan, a day after several passengers who had travelled to Hong Kong by another airliner...
Tourism in Iraq's Kurdish regions

Iraq’s Kurds starve as tourism receipts go extinct

In a normal year, Ahmed Hazem's mountainside restaurant would be teeming with tourists. But a nationwide curfew aimed at combatting the novel coronavirus has...
JS Bank

JS Banks takes the lead in SBP Rozgar Finance Scheme

Under the context of the COVID-19 pandemic, all around the globe central banks are using policy instruments to stimulate growth and reduce layoffs. In...
G7 Trump

Why does Trump want to expand the G7 into a G11?

On June 03, the US President Donald Trump invited Indian Prime Minister Narendra Modi to attend the upcoming G7 Summit. President Trump has also invited...
Fedral Budget

Federal budget 2020-21 was a bold move on part of the PTI govt?

The economy which the PTI Govt took over in 2018 had been subjected to horrendous mismanagement force-multiplied by rampant corruption. By the end of...
SBP JS Bank

SBP initiative allows hassle-free remittance collection from JS Bank

According to the UN Department of Economic and Social Affairs, Pakistan has the sixth largest diaspora in the world. Pakistan received a record of...
Quaid-e-Azam Business Park

Punjab Govt planning early launch of Quaid-e-Azam Business Park

Punjab Govt, after its new budget (2020-21), is gearing to stimulate business and investments across Pakistan's biggest province. Soft launch of "Quaid-e-Azam Business Park"...
JS Bank

Did JS bank really increase its profits by 1000%?

Growing from strength to strength, JS Bank reported a profit before tax of PKR 628.5 million for the quarter ended March 31, 2020 as...
Chinese investment in India soars

Chinese investment in India soars in spite of boycott calls

Amid the clamour to boycott Chinese goods and cut trade ties, in the wake of the killing of its 20 soldiers in a border...
Yemen faces economic disaster

Yemen faces economic disaster as Saudi remittances dwindle

On top of war and the coronavirus pandemic, Yemen faces looming economic disaster as a crisis gripping its main benefactor Saudi Arabia dents remittances...
SBP Rozgar

How successful was SBP’s rozgar scheme

For private security services Covid-19 pandemic posed multiple problems. The closing down of business and industries meant loss of revenues for them, reducing overheads...
Economy Pakistan

Ways Covid-19 can accelerate development in Pakistan

Human health and wellbeing have never seemed more essential to economic development than they are today. In the midst of a global pandemic, I am...
Trump threatens decoupling with China

Trump threatens decoupling from China amid talks

US President Donald Trump threatened decoupling of the United States from China, maintaining that he had the option to separate from China's deeply intertwined...
Iraqis furious over austerity measures

Iraqis furious over austerity measures amid massive reform plan

Like she had done for years, Nisrine Saleh arrived at the bank to withdraw her monthly pension, paid by Iraq's government. But this time,...
Coronavirus pandemic

Middle East problems amplified by coronavirus

A second wave of the coronavirus pandemic is raising its ugly head. It is putting Middle East leaders at a crossroads as they struggle...
Energy prices and Pakistan

Why lower energy costs don’t trickle down in Pakistan

As energy prices hit new lows in international markets - due to plummeting global demand owing to the Coronavirus - business dynamics in Pakistan...
federal budget

PTI govt presents its second federal budget with total outlay of Rs 7294.9 billion

The federal budget for the next fiscal year 2020-21 with a total outlay of 7294.9 billion rupees was presented. Minister for Industries and Production...
Pakistan Economy

Economy of Pakistan and The Coronavirus

Around the globe, countries are trying to manoeuvre through the coronavirus; monetary and fiscal policies are extensively being used to ensure the economic impact...
US Economy future uncertain

US Economy future uncertain, warns Federal Reserve

The Federal Reserve (Fed) on Wednesday projected a solid rebound for the US economy next year amid optimism that the worst of the coronavirus...
HSBC

HSBC under fire in UK for its stance on Hong Kong

Asia-focused banking giant HSBC's vocal support for China's controversial Hong Kong security law has not been well received in Britain, the former ruler of...
World facing worst economic situation

World facing worst economic situation in 150 years: World Bank

The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government...
global economy

Covid-19 Impact on Global Economy & Role for Global Financial Institutions

'The pandemic is about as close to an asteroid hitting the earth as you can imagine in terms of a common threat. However, not...
New WTO Chief

New WTO chief: it’s Africa vs the West in race for top trade spot

The World Trade Organization on Monday kicked off the process for selecting a new director-general, after its current chief Roberto Azevedo decided to leave...

Most Read

Once upon a Virus: Chinese state media makes fun of US

Chinese state media network, has released a video that mocks the United States' coronavirus response. It tries to 'expose' and belittle Trump Administration's claims...

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