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World Bank promises 'concessionality' in debt restructuring

The World Bank will "provide as much concessionality to the...

Pakistan will unwillingly accept strict conditions of IMF deal: PM Sharif

Pakistan has to unwillingly accept the strict conditions of a...

Ukraine war’s impact on global trade not as bad as expected: WTO

Global trade grew more than expected last year despite the...

Ukraine imposes 50-year sanctions on Russian financial sector

Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian...

US nominates former MasterCard chief Banga to head World Bank

US President Joe Biden on Thursday nominated Indian-American business executive...

Sri Lankan officials asked to travel in economy class

Sri Lankan officials have been required to purchase economy class...

Ukraine war expected to cost Germany $171 billion by year-end

The Ukraine war will have cost the German economy around...

China expects sharp rebound in tourism this year

China expects its tourism market to flourish this year, starting...

Electricity bill increase pushes crisis weary Sri Lankans to the brink

The latest electricity price rise in crisis-hit Sri Lanka has...

Russia says its economy contracted by 2.1pc in 2022

Russia's economy shrank last year by less than had been...

G7 finance chiefs to meet on Feb 23 to discuss measures against Russia

Financial leaders of the Group of Seven (G7) will meet...

Gas shortage exposes South Asian economies to more pain

With a little over a month to go for peak...

US says it is concerned about debt owed to China by Pakistan

The United States is concerned about debt owed to China...

Turkey quake could result in loss of up to 1pc of country's GDP in 2023

The potential economic effects of the earthquake in Turkey could...

Pakistan's remittances fall 9.9pc in January

Remittances sent by overseas Pakistani workers decreased 9.9 per cent...

Europe's spend on energy crisis nears 800b euros

European countries' bill to shield households and companies from soaring...

Earthquake impact on Turkey's GDP unlikely to be as much as in 1999

The impact of last week's earthquake on Turkey's growth domestic...

Pakistan approves circular debt management plan

Pakistan's Economic Co-ordination Committee on Friday approved a plan it...

Japan set to appoint Kazuo Ueda as next BOJ governor

The Japanese government plans to appoint Kazuo Ueda, an economist...

World Bank to provide Turkey $1.78b in earthquake relief financing

The World Bank has said it is providing Turkey with...

Pakistani PM approves IMF agreement

Pakistan's Prime Minister Shahbaz Sharif has approved a deal with...

Pakistan finmin says expect IMF matters to be settled Thursday

Pakistan's finance minister was quoted on Thursday as saying he...

Sri Lanka hints at returning to growth

Sri Lanka's economy is expected to grow again from the...