Canada forest fire smoke is expected to move to the United States, which has an impact on air quality for millions of people on Friday and this weekend. Satellite maps and imaging show the large -scale impact of flames. Thursday, more than 90 fires on 174 active flames burned “out of control” across Canada, according … Read more
A general view of the port of Gwadar. – Reuters / File Smaller excess assigned to higher goods imports, to lower exports. In annual shift, the current account surplus dropped by 96%, according to SBP. The analysts expected the current account to be negative. Karachi: Pakistan posted a smaller current account surplus in April, shrinking … Read more
A man reads the newspaper while selling Bétel leaves, known as the saucepan, cigarettes and candy in a shop in Karachi. – Reuters / File Unemployment to remain stable at 8%. Inflation was observed at 7.7% next year. Current account deficit to reach 0.4%. Islamabad: The International Monetary Fund (IMF) lowered Pakistan’s economic growth projection … Read more
US President Donald Trump has a decree signed on AI, in the White House Oval Office in Washington, United States, January 23, 2025. – Reuters The International Monetary Fund has greatly reduced its forecast for global economic growth, citing the disruptive impact of the new prices of President Donald Trump, AFP reported. In its latest … Read more
IMF Managing Director Kristalina Georgieva speaks during a press briefing during the 2024 Spring Annual Meetings of the IMF and the World Bank in Washington, United States, April 19, 2024. — Reuters Higher interest rates persist, affecting global economic stability. Diverging regional growth trends highlight uneven recovery trajectories. The IMF warns of rising financing costs … Read more
A man shops at a store in Peshawar, April 27, 2018. — Reuters CPI-based inflation in November rose just 0.5% month-on-month. Reading well below the financial division’s projection. Strengthens the case for a higher reduction rate than expected. Exceeding official forecasts, inflation in Pakistan slowed to 4.9% year-on-year in November 2024, from 7.2% in October, … Read more
People look at handbags displayed outside shops at a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan, April 19, 2023. — Reuters Inflation is expected to decline to 5.6%-6.5% by December. PBS data shows inflation fell to 7.2% in October. The LSM sector seems to be struggling to bounce back. Inflation is expected to … Read more