Battered by the last four years of pandemic, record inflation, long-drawn-out wars and high interest rates, the global economic outlook continues to be lacklustre. In its latest World Economic Outlook update, the International Monetary Fund (IMF) forecasts that the global economy will grow 3.2 per cent this year, down a tick from 3.3pc growth last year. From 2000 through 2019, before the pandem
In what appears to be a big concern for policymakers, Pakistan’s exports to European countries fell 3.12 per cent in FY24 despite its GSP+ status, which allows duty-free entry into most European markets. In absolute terms, Pakistan’s exports to the EU dipped to $8.240bn in FY24 from $8.505bn in the preceding year, according to data compiled by the State Bank of Pakistan. The decline was mainly
Over the last decade, the digital and social media industry and influencer marketing have grown from obscurity into a worldwide influence, fundamentally changing the landscape of creation and promotion, as well as the dissemination of information and culture. Originally, industries like fashion, beauty, and travel used influencer-led advertising, but now, with the visible success of this appare
Recent climate change-related natural disasters and extreme weather conditions have taken a toll on economies worldwide, displaying the impacts of climate change. The estimates of macroeconomic damages from climate change vary significantly, depending on the vulnerability of different economies and regions, the resilience of key socioeconomic systems like infrastructure, and climate action.
Pakistan has sought the re-profiling of more than $27 billion in debt and liabilities with friendly nations — China, Saudi Arabia and the UAE — to secure a 37-month IMF bailout package and ease energy sector foreign exchange outflows and consumer tariffs. Finance Minister Muhammad Aurangzeb on Sunday said Islamabad had already asked the friendly bilateral trio of lenders to roll over its more t