September 13, 2023
Economy International

INDIAN ECONOMY GROWTH TO SLUM DOWN UK’S FINANCIAL RATE

According to data from the international monetary fund, India has now reportedly overtaken the United Kingdom to become the fifth-largest economy in the world. in the last quarter of the year 2021 and this was according to the GDP figures in nominal terms. Now the IMF has also predicted that India could beat Germany to […]

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Economy International

America’s Spikes Up Inflation Rate In 2023: WSJ POLLING

An analysis of the WSJ WALL STREET JOURNAL, Voters Report shows a worsening economy hit in the U.S. in 2023. Voters explain that inflation or financial crises badly strikes the economy nowadays. While the majority of reporters still agree on the point of having financial strain in 2023. 2% of voters said that this inflation […]

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Finance International

Kuwait’s Prime Minister Reshuffles Cabinet, Appoints New Finance Minister

Kuwait’s Prime Minister Sheikh Ahmad Nawaf al-Sabah has announced a cabinet reshuffle which includes the appointment of a new finance minister. The reshuffle keeps major roles unchanged, according to state news agency KUNA. The move comes over a month after the government resigned due to differences with the opposition-controlled parliament. Manaf Abdulaziz Al Hajri has […]

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Banking International

Saudi Arabia’s Social Development Bank loans $770m to SMEs and startups in Q1 2023

Saudi Arabia’s Social Development Bank has provided over $770 million in financing to more than 30,000 small businesses, startups, and self-employed individuals during the first quarter of 2023. The bank offered loans worth $260 million to 2,000 small enterprises and startups, while over 9,000 individuals received social financing valued at $143 million. In addition, the […]

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Finance Pakistan

Pakistan finance minister cancels Washington trip

Pakistan’s Finance Minister, Ishaq Dar, announced on Saturday that he had cancelled his scheduled trip to attend the spring meetings of the International Monetary Fund and World Bank in Washington. This decision was made on the orders of the Prime Minister, due to the current political situation in the country. Despite not attending in person, […]

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Banking International

Credit Suisse bankruptcy could have collapsed Swiss economy, says Finance Minister

Swiss Finance Minister, Karin Keller-Sutter, has stated that if Credit Suisse had gone bankrupt, Switzerland’s economy would have likely collapsed. In an interview with Le Temps, she explained that the Swiss government acted in the country’s best interests by quickly arranging a takeover of Credit Suisse by UBS, its larger domestic rival. The collapse of […]

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International Technology

Nintendo Confirms No More Mario Games for Mobile Phones

Fans of the iconic Mario game series who enjoy playing on their mobile devices will be disappointed to learn that Nintendo has officially announced it will no longer be making Mario games for smartphones. Despite the success of its previous mobile game titles such as “Super Mario Run” and “Mario Kart Tour,” Nintendo’s director and […]

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Economy Pakistan

Poor Response for Government’s Hajj Sponsorship Scheme

The Pakistani Government’s efforts to sponsor half of its citizens’ Hajj trips have fallen short, with only 6,500 applications received against 44,500 seats. This represents a significant departure from the government’s expectations, as it had anticipated 44,500 applications for the new Hajj Sponsorship Scheme. The scheme aimed to provide half of the quota to non-resident […]

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Banking International

Yellen predicts US economic growth despite banking sector turmoil

US Treasury Secretary Janet Yellen remains optimistic about the growth of the world’s biggest economy, despite concerns over a potential recession due to the recent banking sector turmoil. The collapse of Silicon Valley Bank (SVB) and Signature Bank last month created shockwaves in the industry, leading the Treasury Department and Federal Reserve to intervene to […]

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Finance Pakistan

Progress made on importing Russian crude oil to Pakistan

Sources have informed The News that Pakistan State Oil (PSO) and the State Bank of Pakistan (SBP) are collaborating on establishing banking channel arrangements for the import of crude oil from Russia. According to sources, the government aims to commence the import of crude oil from Russia by the end of April. State Minister for […]

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Finance International

PFC’s FY23 dividend beats PPF and EPF.

Investing in dividend-paying stocks can be a better option than risk-free small saving schemes such as PPF, EPF, and bank FDs. This is because sometimes these stocks can offer a double benefit – a high dividend yield that beats traditional risk-free investment options, and a significant increase in value over the investment period. PFC is […]

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Economy Pakistan

Official Says Can’t Supply Gas 24/7

Gas supply crisis has worsened in Karachi, as Pakistan’s Minister of State for Petroleum, Musadik Malik, announced that the government cannot provide 24×7 gas supply, The News International reported. Load-shedding has become a daily occurrence amid an economic crisis and reserves have dropped, forcing the gas load-shedding to continue during sehri and iftar. Malik has […]

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