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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]