The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks’ targets, the OECD said on Thursday, upgrading its outlook. The global economy would maintain the 3.1% growth rate seen last year and pick up marginally to 3.2% next year, the Organisation for Economic Cooperation an
Developing Asia and the Pacific is ill-prepared to safeguard the well-being of its rapidly aging population, facing challenges ranging from low pension coverage to health issues, social isolation, and restricted access to essential services. While longer lifespans signify the region’s development triumph, urgent policy reforms are essential to uphold the welfare of older individuals, as per the Ag
Oil and Gas Development Company Limited (OGDCL), the largest hydrocarbon explorer in Pakistan, has targeted 20 major fields, mainly in the north and south, to enhance production and contribute to overcoming the energy crisis in the country. Owing to the rising demand for gas, Pakistan is relying more on the imported liquefied natural gas (LNG) as its share has swelled to 24% in the energy mix.
Bears controlled the Pakistan Stock Exchange (PSX) for the third consecutive session this week as shares shed more than 400 points on Thursday following the the State Bank of Pakistan (SBP)’s decision to maintain its key policy rate. The benchmark KSE-100 index traded in the red during the day, with the index closing at 70,657.64 — down by 444.90 points or 0.63 per cent from the previous close
An unexpected, massive cut in the price of Kia Stonic has triggered a price war among auto assemblers for some models, forcing Pak Suzuki Motor Company Ltd (PSMCL) to make its Swift models cheaper by up to Rs710,000. The new prices of Suzuki Swift GL MT, GL CVT and GLX CVT are Rs4.336 million, Rs4.560m and Rs 4.719m, down by Rs85,000, Rs159,000 and Rs710,000, respectively, with effect from May