The Asian Development Bank has proposed a risk-layered structure to stimulate, develop and implement financially sustainable and scalable disaster risk financing strategies and solutions to enhance the enabling environment for epidemic and pandemic risk financing. The ‘Country Diagnostics Assessment: The Enabling Environment for Epidemic and Pandemic Risk Financing in Pakistan’ report says the
Domestic prices of liquefied petroleum gas (LPG) in Russia halved in December from the previous month due to an influx of the fuel, exports of which have been curbed by European sanctions, Reuters calculations showed. The European Union’s sanctions against Russia’s LPG took effect on Dec. 20. The restrictions were proposed last year by Poland, one of Russia’s largest LPG importers. LPG, or p
Pakistan’s trade deficit with nine neighbouring countries widened by 47.55 per cent to $4.474 billion in the first five months of the current fiscal year from $3.032bn in the corresponding period last year. Trade analysts attributed the widening gap to higher imports from China and India. During the months under review, China’s imports increased the most, while Pakistan’s exports to the same co
Pakistan Stock Exchange (PSX) on Monday boasted a highly bullish rally, where the KSE-100 index surged by a massive 4,411 points, attributed to falling government bond yields, declining lending rates, and easing political tensions, particularly the ongoing talks between the government and the opposition. Analysts also cited strong economic indicators such as rising exports, remittances, and for
Honda and Nissan have started talks towards a potential merger, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to some of the world's long-dominant legacy car makers. The Japanese giants are in talks to merge by 2026, they said on Monday. The tie-up would create the world's third-largest auto group by vehicle sales after Toyota and Volkswagen. I