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Representational image only. | Photo Credit: AFP Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected…
Over 8,000 people have died in Gaza since war with Israel (File) Washington: The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday. Oil has already risen six percent since…
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World Bank President Ajay Banga. File. | Photo Credit: Reuters World Bank President Ajay Banga said on October 24 that geopolitic tensions pose the biggest threat to the world economy, but that risks “tend to move around” fast, so others should not be ignored. “The U.S. 10-year Treasury [yield] just crossed 5% briefly yesterday, these…
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The World Bank’s chief economist warned Wednesday that interest rate hikes could spell trouble for countries struggling to deal with debt. The U.S. Federal Reserve, the European Central Banks and others have raised rates and warned that they could remain high longer than expected in order to bring down elevated inflation. The International Monetary Fund…
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The IMF and World Bank last held their meetings in Africa in 1973, when Kenya hosted the event and some nations were still under colonial rule. | Photo Credit: Reuters The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to…
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The World Bank maintained its growth forecast for India at 6.3%. NEW DELHI: The World Bank on Tuesday maintained its forecast for India’s economic growth for the current fiscal year that started on April 1, saying the Indian economy continued to grow rapidly despite challenging external conditions. The World Bank maintained its growth forecast for…
Read More “World Bank Maintains India Current Fiscal Year Growth Forecast At 6.3%” »
China’s growth is expected to fall down in 2024, as per World Bank. (Representational Photo) The World Bank has said that east Asia’s developing economies are expected to expand at one of the lowest rates in five decades, blaming the gloomy outlook to slowdown in China. The Financial Times said in a report that the…
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The World Bank has asked Pakistan to tax its agriculture and real estate. (Representational) Islamabad: Pakistan’s 40 per cent of the population lives below the poverty line, as per the World Bank, Dawn reported. Dawn is a Pakistani English-language newspaper. The country now needs to take a look at its policy decisions driven by strong…
Read More “Pakistan’s 40 percent Population Lives Below Poverty Line, Says World Bank: Report” »
Every rupee saved by us is a step towards becoming a fully developed nation, said Amit Shah (File) New Delhi: Union Home Minister Amit Shah on Friday, citing the World Bank report on India’s digital public infrastructure push, said that the nation has achieved 80% financial inclusion under the leadership of Prime Minister Narendra Modi….
Chandrayaan-3’s Pragyan rover roams around the ‘Shiv Shakti Point’, which is the Vikram’ lander’s touchdown spot, on the moon. | Photo Credit: PTI On August 23, with Chandrayaan-3’s lander module making a soft landing on the moon, India became only the fourth country after the erstwhile Soviet Union, the U.S., and China to accomplish this…
