Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It
Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It
Finance Minister Muhammad Aurangzeb on Monday has said that the country is preparing to launch yuan-denominated bonds (panda bonds) this year to shore up its finances, a Bloomberg report confirmed. The country is planning to raise $200 million to $250m from Chinese investors over the next six to nine months, the finance minister told Bloomberg in an interview. Panda bonds are a type of debt
The Kremlin said on Monday that the latest round of US sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact. “It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways, but we expect that we will be able to counteract this,” Kremlin spokesman
Oil prices climbed about 2 per cent to a four-month high on Monday on expectations that wider US sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent futures rose $1.40, or 1.8pc, to $81.16 a barrel by 11:18 a.m. EST (1618 GMT), while US West Texas Intermediate (WTI) crude rose $2.15, or 2.8pc, to $78.72. That put Brent on track for its highest close