Category: Business

France, economic slump, World War II, coronavirus, France economy

France to face biggest economic slump since World War II

Story by Reuters France will likely see its worst post-war economic downturn this year, far surpassing the -2.2% slump seen in 2009 after the global financial crisis,...

Pakistan coronavirus loss, coronavirus, Pakistan, outbreak, pandemic

Pakistan economy to suffer Rs2.5 trillion loss due to coronavirus: report

The government of Pakistan has estimated that the country would suffer a loss of about Rs 2.5 trillion due to outbreak of coronavirus. According to a report by The News,...

IMF, Pakistan, Emergency Coronavirus Financing, coronavirus, IMF Pakistan, Kristalina Georgieva

IMF says Pakistan has requested emergency coronavirus financing

Pakistan has requested an emergency loan disbursement from the International Monetary Fund (IMF) to help fight the coronavirus under the fund’s Rapid Financing...

Pakistan, electric car, world, CO2 emissions, electric car CO2

Every 2nd car to be electric one globally in 2050: study

In 2050, every second car on the streets could be electric which would reduce global CO2 emissions by up to 1.5 gigatons per year — equivalent to the total current CO2...

Coronavirus, Pakistan, exports, SBP, State Bank of Pakistan

Coronavirus could boost Pakistan’s exports, says SBP

The outbreak of the coronavirus (COVID-19) has become a headache for the global economy after the mysterious virus has already caused massive supply chain disruptions,...

Coronavirus, global markets, oil prices, Saudi Arabia, Coronavirus oil prices

Coronavirus panic grips global markets, oil prices crash 30pc overnight

Story by Reuters Asian shares sank on March 9 as panicked investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20pc after...

Banknotes, spread, coronavirus, World Health Organisation, WHO, warning, Banknotes coronavirus

Banknotes may be spreading coronavirus, WHO warns

The World Health Organisation (WHO) has advised people to use contactless technology instead of cash as banknotes may be spreading coronavirus. The infectious COVID-19...

Oil, gas, reserves, upper Punjab

Oil and gas reserves discovered in upper Punjab

Pakistan Oilfields Limited (POL), the country’s leading oil and gas exploration and production company discovered oil and gas in upper Punjab. “Pakistan...

Pakistan, annual inflation, statistics bureau

Pakistan annual inflation slows to 12.40%, says statistics bureau

Pakistan’s consumer price inflation slowed to 12.40% in February from the same month a year earlier, the statistics bureau said. The bureau had recorded the CPI...

FBR, tax return filer, Pakistan, filer

Number of tax return filers’ increase by 45% in Pakistan: report

The Federal Board of Revenue (FBR) received Rs 2.44 million tax returns until Feb 28, 2020 for Year 2019-20, according to a report. The report cites the tax collecting...