The World Economic Forum in its global crisis risk report has identified debt crisis, sustained and/or rapid inflation, state collapse, failure of cyber security measures, and concentration of digital power as top five risks faced by Pakistan. In its ‘Global Risks 2023’ report, the global forum said that Pakistan was also among larger emerging markets exhibiting a heightened risk of default. O
Oil prices rose in early trade on Thursday, building on gains in the previous session as China’s demand outlook improves and concerns rise over the impact of sanctions on Russian supply. Brent crude rose 50 cents, or 0.6 per cent, to $83.17 per barrel by 0135 GMT, while US West Texas Intermediate crude also rose 50 cents, or 0.7pc, to $77.91 per barrel. Both benchmarks rose 3pc in Wednesday’
Auto sector, barring the bus segment, recorded a steep decline in sales ranging from 28.4-56.5 per cent during the first half of 2022-23. With a 40pc drop, total car sales stood at 68,900 units in July-December compared to 114,774 units in the same period last year. Buyers’ reluctance stemmed from rising prices coupled with high-interest rates making leasing more expensive, curbs on auto fin
Share prices increased on Tuesday as investors welcomed the announcement regarding the inflows of dollars in the aftermath of the International Conference on Climate-Resistant Pakistan in Geneva. Topline Securities said the benchmark index stayed above the preceding day’s close throughout the trading session as Pakistan secured total pledges of over $10 billion from multilateral and bilateral c
THE spectacle of desperate men and women thronging the shops for subsidised flour provides just one glimpse of the worsening level of privation. A father of six died in a stampede in Mirpurkhas recently while queuing for the commodity. The rising cost of living has pushed more people into destitution. It’s an extremely grim situation with no sign of improvement in the economic outlook. The worst i