The global value added by agriculture, forestry and fishing grew by 89 per cent in real terms between 2000 and 2022, reaching $3.8 trillion in 2022, according to an FAO report. Given its size, Asia was the main contributor to global agriculture, forestry and fishing value-added with 6pc of the world total in 2022: the continent’s value added more than doubled from $1.2tr in 2000 to $2.5tr in 20
President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary could lift some of the gloom that has pervaded the sagging US government bond market in recent weeks, investors said. Trump on Friday said he had chosen Bessent, a prominent investor, as Treasury secretary, a key cabinet position with vast influence over economic, regulatory and international affairs. The selection
Rising poverty and unemployment continue to challenge consumption, which leading bankers consider crucial for economic growth. “Pakistan’s poverty index is 40 per cent (historically 20pc), much higher than India and Bangladesh’s 15pc to 20pc. Another 20pc borderline segment lives with very compressed income levels,” former State Bank governor Salim Raza was quoted as saying in ‘Road to Sustaina
Minister for Investment and Privatisation Abdul Aleem Khan said on Saturday that the Board of Investment (BoI) will provide full support to Chinese investors, particularly concerning the sale and transfer of land in special economic zones (SEZs). Chairing a meeting on economic zone policy in Lahore, Mr Khan directed the Board of Investment to engage with the Khyber Pakhtunkhwa government and re
The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday, achieving a historic milestone as the KSE-100 index surged by 1,139.13 points, or 1.17%. The KSE-100 index reached an all-time high of 98,467.52 points during intra-day trading, surpassing its previous close of 97,328.39 points. This surge in the benchmark index was driven by sustained optimism surrounding Pakistan’s