Will Pakistan be the sixth-largest world economy by 2075? The “Path to 2075”, a paper issued by Goldman Sachs earlier this month, says yes. According to the paper, China will rank first, followed by India, the United States, Indonesia and Nigeria. As a point of reference, the US National Intelligence Council, citing Oxford Economics, predicts that by 2040, India’s economy will rank 3rd, China’s
Oil prices dipped on Thursday as surging Covid-19 cases in China dimmed hopes of a recovery in fuel demand for the world's largest crude oil importer. Brent futures for February fell 26 cents, or 0.3 per cent, to $83.00 a barrel by 0430 GMT, while US crude fell 26 cents, or 0.3pc, to $78.70 a barrel. The scale of the latest outbreak and doubts over official data prompted some countries to en
The Securities and Exchange Commission of Pakistan (SECP) on Wednesday restricted the digital lending platforms from taking coercive measures for recoveries and barred them from shifting borrowers’ data outside Pakistan. The SECP through circular no. 15 has directed the digital lenders that the borrowers’ data cannot be stored on any cloud infrastructure outside the jurisdiction of Pakistan.
Despite slowing down demand for steel bars, manufacturers have revised the prices upward citing supply chain disruptions and high production costs. “Steel bar prices have been raised by Rs10,000-25,000 per tonne in December,” Chief Executive, F.F. Steel, Zarak K. Khattak told Dawn on Thursday. The new rates issued by many companies hover between Rs224,500-225,500 per tonne for 10mm-12mm size
Having spent about $1.5 billion equivalent from its resources so far on flood rehabilitation, Pakistan would be seeking concessional loans from international development partners during the upcoming ‘donor conference’ in Geneva to build a resilient future with over $16bn worth of recovery, rehabilitation and reconstruction activities. Talking to journalists, Secretary Ministry for Planning, De