Latest News, Updates & Breaking Headlines
The International Monetary Fund (IMF) has warned that persistent corruption and “state capture” in Pakistan are at the root of its ongoing economic crisis, where public policy is manipulated to benefit a narrow circle of political and business elites.The findings are part of the Governance and Corruption Diagnostic Assessment (GCDA), finalised in November 2025 and…
The International Monetary Fund (IMF) highlighted persistent corruption challenges in Pakistan, warning that systemic weaknesses across state institutions could limit economic growth unless urgent reforms are undertaken, Dawn reported.The IMF’s Governance and Corruption Diagnostic Assessment (GCDA) is a prerequisite for its executive board to approve a $1.2 billion disbursement, expected next month. The report, as…
India and Israel have moved a step closer to a deepen their economic partnership, as the two nations signed the Terms of Reference (ToR) in Tel Aviv on Thursday, formally launching negotiations for a Free Trade Agreement. The document was endorsed by commerce and industry minister Piyush Goyal and Israel’s economy and industry minister Nir…
Amid the ongoing H-1B row, Donald Trump’s aide said firms are relying on AI and not hiring ‘new kids’ President Donald Trump’s economic advisor Kevin Hassett predicted a ‘quiet time’ in the labor market and said companies won’t have to hire “the new kids out of college” as firms are largely depending on AIs. Social…
India and Australia have reaffirmed their commitment to conclude the second phase of their Comprehensive Economic Cooperation Agreement (CECA) at the earliest, as Commerce and Industry Minister Piyush Goyal held talks with his Australian counterpart Don Farrell to review the progress of negotiations, PTI reported.According to an official statement, both sides agreed to work “constructively…
Bollywood actress Shilpa Shetty and her businessman husband Raj Kundra are currently facing legal trouble over an alleged whopping Rs 60-crore fraud case. The couple, already facing legal heat, may find themselves under more scrutiny as new reports suggest that their employees are now being questioned in connection with the alleged fraud. Four company employees…
US President Donald Trump has warned that the American economy could face severe damage if the Supreme Court overturns his tariff policy. In an interview at CBS’s “60 Minutes,” Trump was asked what will happen if US Supreme Court invalidates tariffs.”“I think our country will be immeasurably hurt. I think our economy will go to…
US government shutdown (AI image) The ongoing US government shutdown has created a significant data vacuum, impacting the release of vital federal economic statistics, from employment figures to national GDP measurements.The information gap is set to widen as authorities postpone releasing third-quarter GDP figures for the largest economy globally.The US administration has postponed various reports…
Jerome Powell (AP file photo) US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4.00 per cent range. According to the FOMC statement, “uncertainty about the economic outlook remains elevated.”“Available indicators suggest that economic activity has been…
India’s economy is expected to sustain steady growth in the second half of the current financial year, supported by strong domestic consumption even as global uncertainties continue, according to a report by SBI Capital Markets (SBICAPS).The report said that while trade tensions and external risks persist, India’s internal demand remains a key stabilising factor. It…
