The financial toll of chai addiction in Pakistan
Writing for the Dawn, author Fatima Attarwala notes that In Pakistan, drinking chai (tea) is a popular and almost daily ritual for many people....
Revisions in aid to Pakistan unlikely to shake its finances: Moody’s
LAHORE: International rating agency Moody’s Investors Service (Moody’s) has maintained that Trump administration’s revision of US military aid is highly unlikely to have material...
Investors brace for hard landing as banking woes stoke recession fears
Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries...
Pakistan begins observing most expensive Ramzan everÂ
It is expected that inflation will remain around 28 to 30% in coming months  Â
US regulator sues top crypto exchange Binance, CEO for ‘willful evasion’
The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on...
From direct to indirect: SBP’s rewiring of Pakistan’s financial architecture
A deep dive into how Pakistan's central bank responded to lending restrictions by creating an elaborate system of regulatory accommodations and creative compliance. The result? A financial sector more intertwined with government debt than ever before
Wall Street prepares for Treasuries mess as default looms
Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt...
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.
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 parallel economy...
Public debt: How did the PDM govt do?
Measuring public debt is a complicated business. Profit looks at the different measures by which we can measure it in Pakistan.Â
Argentina to pay for Chinese imports in yuan rather than dollars
Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the...
US companies hoarding workers even as economy cools
When storms hammered California's farms last winter, Kevin Kelly knew his small factory outside San Francisco would soon see demand wilt for the plastic...
PSX witnesses bearish trends as IMF talks remain inconclusive
The KSE-100 index closed on Friday at 40,869 points, a decrease of 1.9% since the previous week. Market capitalisation decreased from $61.46 billion to...
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.
China’s April data show economic recovery losing steam, testing policymakers
China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying...
