New Delhi, March 18 (IANS) As Pakistan faces a deepening poverty crisis as per the latest government data, the country is actually facing “institutional poverty” — the absence of strong, predictable and resilient institutions that protect incomes, enable opportunity and absorb shocks, a new report has said.The Planning Commission of Pakistan revealed that monetary poverty has risen from 21.9 percent in 2018–19 to 28.9 percent in 2024–25, but the country is not only facing monetary pove…
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Mumbai, March 17 (IANS) Pakistan’s recent signs of economic stability are now under fresh pressure as rising tensions in the Middle East threaten to disrupt its fragile recovery, a report has said. The escalation involving the United States, Israel and Iran has raised concerns over the country’s heavy dependence on the Gulf region for energy, remittances and financial support, according to The News International report.In recent months, Pakistan had shown improvement in key economic indicato…
New Delhi, March 13 (IANS) While Pakistan has enacted important legal protections for women in the workplace, the real challenge is enforcing those laws, with many organisations failing to establish functional inquiry committees or treating them as formalities, a new report has said.At an event organised by the Pakistan Institute of Labour Education and Research (PILER) on occasion of International Women’s Day, participants highlighted that fear of retaliation, social stigma and lack of trust …
New Delhi, March 11 (IANS) The US-Israel war on Iran has come as a big economic jolt for Bangladesh as the nation is heavily reliant on imported fuel and remittances from workers in the Middle East, according to a report in the Dhaka-based The Daily Star newspaper.According to economists, the crisis due to the war risks setting off a chain reaction: rising energy prices, disrupted trade flows, weakened export competitiveness, turmoil in the migrant labour market and remittance inflows, higher in…
New Delhi, March 11 (IANS) Strong services exports and steady remittance inflows could help cushion the impact of rising crude oil prices on India’s economy, even as the country remains heavily dependent on imported energy, a report showed on Wednesday.According to the report by DSP Netra, crude oil continues to be one of the most critical variables for India’s macroeconomic stability, particularly as the rupee has weakened recently amid rising global oil prices.India consumes about 5.3-5.5 …
Mumbai, March 6 (IANS) India’s foreign exchange reserves surged by $4.885 billion to an all-time high of $728.494 billion in the week ended February 27, data released by the Reserve Bank of India (RBI) showed on Friday.The previous all-time high for the country’s foreign exchange kitty was $725.727 billion, which was seen in mid-February.Foreign currency assets, a major component of the reserves, stood at $573.125 billion during the week. Expressed in dollar terms, the foreign currency assets …
New Delhi, March 5 (IANS) Escalating conflict in the Middle East could only cause minimal rupee depreciation and disruption in growth while defence stocks and precious metals could rally, a report said on Thursday.The report from asset management firm Shriram Wealth said a 10 per cent rise from RBI’s baseline assumption of crude oil price could lift inflation by 30 bps but weaken the rupee and growth minimally.The same could cut growth by 15 bps, while a 5 per cent rupee depreciation could raise…
Mumbai, Feb 20 (IANS) India’s foreign exchange reserves increased by $8.663 billion to an all-time high of $725.727 billion in the week ended February 13, according to data released by the Reserve Bank of India (RBI) on Friday.Foreign exchange reserves had declined by $6.711 billion in the previous week due to a fall in gold prices.According to RBI data, the value of gold reserves, a key component of foreign exchange reserves, increased by $4.990 billion to $128.466 billion in the week ended Feb…
New Delhi, Feb 9 (IANS) Pakistan’s growth in 2025 remained modest, unemployment stayed high and youth unemployment rose, underscoring weak productivity and poor job creation, according to an article in East Asia Forum.The country’s economic growth was modest at around 3 per cent in fiscal year 2024–25, barely keeping pace with population growth, while unemployment remained high at 8 per cent. Sustained growth of 6–7 per cent is necessary to absorb new labour market entrants and reduce un…
Mumbai, Feb 6 (IANS) Despite global uncertainties, India’s foreign exchange reserves surged by $14.361 billion in the week ended January 30, reaching an all-time high of $723.774 billion, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous week, the reserves had increased by $8.053 billion. The increase in foreign exchange reserves is primarily attributed to a rise in gold prices.According to the Central Bank data, the value of gold reserves, a key component …