Pakistan has taken $31.1bn from the IMF since 1958
SDR is an international reserve asset, created by IMF in 1969 to supplement its member countries’ official reserves Since Pakistan entered into the IMF’s first program in 1958, Islamabad has…
President Xi encourages Hong Kong entrepreneurs to make greater contributions to Chinese modernization
Chinese President Xi Jinping has encouraged Hong Kong entrepreneurs to better integrate into national reform and development and make greater contribution to Chinese modernization by giving full play to their…
The knowledge economy imperative
In another interesting development, seawater is beginning to be used for cultivating food crops Knowledge has now become the key factor in determining socio-economic development. The failure of governance in…
‘China has six times GDP of India’: Narayana Murthy says ‘audacious’ to believe India will be a manufacturing hub
Speaking at the ‘ELCIA Tech Summit 2024,’ Murthy expressed skepticism about India’s ability to compete with China’s manufacturing prowess, adding that government involvement and public governance improvements are crucial for…
Chinese leadership sets out economic priorities for 2nd half of 2024
The Communist Party of China (CPC) leadership held a meeting on Tuesday to analyze the current economic situation and set out priorities for the second half of this year. Xi…
Fitch upgrades Pakistan’s rating to ‘CCC+’ from ‘CCC’
Upgrade signifies improvement in Pakistan’s external liquidity, funding conditions strengthened by IMF agreement International credit rating agency Fitch on Monday upgraded Pakistan’s long-term foreign currency issuer default rating (IDR) from…