Tag Archives: Economy

Imran Khan says ‘red-tape’ chokes development of projects In Pakistan, Prime Minister Imran Khan said that development projects he introduced have been hampered because of the ‘red-tape’ culture. With an obvious reference to Pakistan’s entrenched bureaucracy, Imran said that red-tapism …

‘Philippine economy to shrink 8pc in 2020 The Philippine economy is projected to contract by 8 percent this year as a prolonged community quarantine and inadequate fiscal support would likely delay its recovery. In a report on Thursday, London-based research …

Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency  and improve management of the market risk undertaken …

Looking at global GDP at constant 2017 prices, but adjusted for purchasing power/cost of living, China was the biggest economy in the world in 2019, with an adjusted GDP of more than $22.5 trillion, according to the World Bank. While the Chinese economy …

Imagine a bank messaging to layman of a client to please activate his ‘EMV debit card’ by a fixed nearing date after which his ‘old non-chip based card’ will be blocked and saying sorry for inconvenience! Being a helpless and …

Economic growth and development depends on human capital as well as physical capital and also on the factors affecting productivity. Investments in these areas complement and reinforce each other. To be productive, a workforce needs physical capital, such as infrastructure, …

Imran Khan inaugurates first ventilator manufacturing facility Pakistan Prime Minister Imran Khan inaugurated the production facility of the first indigenously developed ventilators in Pakistan at the National Radio & Telecommunication Corporation (NRTC) in Haripur. The Prime Minster was given a …

Keeping Indonesia’s economy afloat through the COVID-19 pandemic Indonesia faces one of the most difficult outlooks in Asia amid the economic pandemic unleashed by COVID-19. The principal economic problem is not the old one of capital flight, but about funding …

Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency  and improve management of the market risk undertaken …

Even though the global startup economy generates nearly $3 trillion in value, it is being severely impacted by the coronavirus pandemic. That’s according to the latest Global Startup Ecosystem Report from Startup Genome which claims that COVID-19 could prove a “mass extinction event” for …

The coronavirus pandemic has rapidly transformed life of millions of people all over the world. For many, COVID-19 carries feelings and challenges of fear, anxiety, economic hardships, isolation, and many other stresses but developing countries are the main hit of …

The budget proposals for 2020-2021, prepared by the Adviser on Finance and Revenue, Dr. Hafeez Shaikh — against the backdrop of potentially the biggest public health emergency and economic downturn in generations — and presented on the floor of the …