Tehran has no red line in defending itself, says FM – World
DUBAI/BAGHDAD: Iran’s top diplomat said on Sunday there would be “no red lines” in defending the country’s people and interests, but efforts would continue to “contain an all-out war in our region”. Israel has vowed a response to Iran’s Oct 1 missile attack which Tehran said was in retaliation for the killing of leaders in […]
China to introduce incremental fiscal policy measures – World
CHINA’S Ministry of Finance is poised to introduce a comprehensive package of targeted new policy measures soon, focused on stabilizing growth, expanding domestic demand and mitigating risks. The measures will focus on improving the financial situations of local governments, facilitating the stabilization of a bottomed out property market, and enhancing the risk resilience and credit […]
Coping with the inflation cycle – Business
The structural theory of inflation says inflation is caused by a ‘structural’ weakness in a country’s capacity to produce goods or maintain an adequate flow of supply. General under-productivity creates imbalances between supply and demand. Inflation that stems from structural issues may not be easily changed by monetary policy. “The inflation rate is falling faster […]
Unequal economic progress – Business
The World Bank said in a report released last week that the poverty rate in Pakistan stood at 40.5 per cent. That means about 100 million out of 240m plus Pakistanis are living on less than $3.65 per day as per the purchasing power parity of 2017. In simple words, 100m Pakistanis cannot use their […]
A gateway to development – Business
Pakistan is a massive country of over 225 million souls, and with a fifth-gear population growth rate of 2.55 per cent per annum, it faces the grim task of feeding its population. The country is also one of the top ten countries with climate change risk in the world. The economy is precarious and, with […]
Australia to help Irsa improve water availability forecast – Pakistan
ISLAMABAD: Faced with water estimation challenges in view of changing climate conditions, Pakistan is expected to get further technical and financial support from the Australian government to develop capabilities for intra-season water availability forecasting over a period of five years, ending 2029. Indus River System Authority (Irsa) on Sunday said the governments of Australia and […]
Key leaders in phone talks over constitutional package – Pakistan
ISLAMABAD: Leaders of four key parties — the PML-N, PPP, PTI and JUI-F — in separate telephone contacts on Sunday discussed progress on efforts for reaching a consensus on the proposed constitutional package. After the contact between PTI leader Asad Qaiser and the JUI-F chief, the former said that the constitutional amendment draft shared by […]
From cash to clicks as digitisation increases – Business
Over the last few years, Pakistan’s banking has reaped massive profits on the back of the sovereign’s ever-growing fiscal needs. In the process, it has drawn the ire of everyone, including the International Monetary Fund in the latest Article IV report, for depending on the government. However, one area where the sector seems to have […]
Israeli tanks burst through gates of UN base in Lebanon – World
NABTIEH: The debris of shops in the aftermath of an Israeli strike on a market in southern Lebanon, on Sunday.—Reuters • 15 peacekeepers suffer from skin irritation, other ailments after shelling• Hezbollah blames Israel for using cluster bombs in southern Lebanon• Netanyahu warns UN chief as US sends military aid to Israel JERUSALEM: The United […]
Foreign dignitaries arrive for SCO summit spadework – Pakistan
ISLAMABAD: Pakistan Army and police personnel check motorcyclists on the Constitution Avenue as security has been put on high alert in Red Zone ahead of the SCO summit, on Sunday.—Mohammad Asim / White Star • Over 10,000 law enforcers deployed for security; offices, markets, educational institutions, metro bus service shut• Dar urges PTI to call […]