The World Economic Forum (WEF) says the global economy is entering a period of weak growth and systematic disruption, with findings of the Chief Economists’ Outlook pointing to the emergence of a new economic environment shaped by persistent disruption and growing fragmentation. The outlook report, published on Tuesday, highlights sharp regional fault lines, noting that emerging markets
A new report published by the World Bank (WB) on Tuesday called attention to the rising national poverty rate in Pakistan, highlighting the need for sustained and people-centred reforms to protect vulnerable populations. The report, titled “Reclaiming Momentum Towards Prosperity: Pakistan’s Poverty, Equity and Resilience Assessment”, marks the first comprehensive evaluation of poverty and welfa
Bulls continued to gain further traction at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 900 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 158,831.61, a gain of 886.59 points or 0.56%. Buying momentum was observed in key sectors including commercial banks, cement, fertiliser, oil and gas explora
Gold fell on Wednesday as investors booked profits after hitting a record high in the previous session, while markets weighed U.S. Federal Reserve Chair Jerome Powell’s cautious remarks on potential interest rate cuts. Spot gold slipped 0.3% at $3,753.22 per ounce, as of 0224 GMT. Bullion hit a record high of $3,790.82 on Tuesday. U.S. gold futures for December delivery fell 0.8% to $3,785.9
Pakistan’s decades-long progress in poverty reduction has halted and reversed since 2020, as compounding shocks—including COVID-19, inflation, floods, and economic stress—have exposed the limits of a consumption-driven growth model, according to a new World Bank report that urged sustained, people-centred reforms to protect vulnerable households and restore momentum. According to the World Bank