US Congress averts historic default, approves debt-limit suspension
The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting...
Investors await financial assistance, remain undeterred by EM Review Â
The Pakistan Stock Exchange closed the week at 41,661 points, increasing (+0.66 per cent) from the previous week. The average daily turnover...
Weekly inflation records all-time high of 47.23%
The Pakistan Bureau of Statistics (PBS) released data on Thursday showing that the weekly inflation measured by the Sensitive Price Index (SPI)...
From game-changer to bailout: The troubled journey of CPEC
Writing for Business Recorder, author Farhat Ali explains that China and Pakistan signed 51 agreements and Memoranda of Understanding worth $46 billion...
Oil refineries fear shutdown amid rising fuel oil stocks
Pakistan oil refineries have warned the Ministry of Energy that rising fuel oil inventories, driven by the government’s shift to LNG-based power...
Higher food prices contribute to weekly inflation of 29%
ISLAMABAD: According to the Pakistan Bureau of Statistics (PBS), the inflation measured by the Sensitive Price Indicator (SPI) increased by 0.33 percent...
Malaysia to secure $51bn approved investments this year
KUALA LUMPUR: Malaysia is expected to secure about 200 billion ringgit approx. $51.21 billion approved investments this year, said the Malaysian Investment...
Rupee drops to record low of 125 against dollar
The rupee further depreciated against the US dollar falling down to an all-time low of 125 against the greenback in the open market on Wednesday
Fed raises rates, opens door to pause in tightening cycle
The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase on Wednesday with what may be the...
FBR set to auction properties of iconic Bio Amla manufacturer to recover taxes
The investigation first began in 2017 with accusations of under-invoicing and tax evasion.
Fixed exchange rates risky for Pakistan’s plummeting foreign reserves, says Moody’s
Moody's maintained that higher interest to revenue in the baseline compared with floating exchange rates thrive under exchange rate shocks. Thus, deterioration in debt affordability could lower investors’ willingness to invest while making it harder for Pakistan to access foreign funding.
Liftoff: Modi’s space push for India counts on private players
Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold...
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
From fast food to autos, India’s digitally connected users lure investors
Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month...
Pakistan’s Economic Woes
by Abbas Murtaza Maken and Syed Shujaat Ahmed
The dearth of economic accountability and transparency in Pakistan means that the size of the...