Economy

Al Kaabi: UAE promotes collective efforts for better future

by Newsdesk-Top News Economy UAE NewsMay 15, 2023May 15, 2023

The Forum saw the participation of ministers from the European Union, in addition to government officials and experts from the Indo-Pacific region…reports Asian Lite News Noura bint Mohammed Al Kaabi,…

Pakistan asked to arrange $8b for successful IMF bailout review

by Newsdesk-Top News Asia News EconomyMay 15, 2023May 15, 2023

IMF’s demand comes despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE) further eroding chances for the revival of the USD 6.5 billion bailout package….reports Asian Lite…

UK economy grows by 0.1% in the first quarter

by Newsdesk-Top News Economy UK NewsMay 14, 2023May 14, 2023

UK growth has been muted so far this year, coming in at 0.4% in January and flat in February, after the economy narrowly avoided a technical recession in 2022…reports Asian…

IMF staff team due in Lanka

by Newsdesk-Top News Asia News EconomyMay 10, 2023May 11, 2023

On Tuesday, Sri Lanka had requested 17 countries which had formally formed an official creditor committee for debt treatment…reports Susitha Fernando An IMF staff team comprising Krishna Srinivasan, Director of…

Biden chairs debt meet

by Newsdesk-Top News Economy USAMay 10, 2023May 10, 2023

Biden described the talks as “productive” even though House Speaker Kevin McCarthy said “didn’t see any new movement”…reports Asian Lite News President Joe Biden and congressional leaders confronted each other…

Bosch eyes more goals

by NewsdeskBusiness Economy Tech LITEMay 9, 2023May 9, 2023

Bosch is realigning its mobility business to changed market and customer requirements. The aim is to be able to serve existing and new customer needs even better and faster with…

Millions face job losses in Pakistan

by Newsdesk-Top News Asia News EconomyMay 8, 2023May 8, 2023

Around 100,000 people out of the 500,000 in the Site area had lost their livelihood in different categories of industries, mainly from October 2022 till date, official said…reports Asian Lite…

ADB asks Pakistan to enhance tax-to-GDP ratio

by Newsdesk-Top News Asia News EconomyMay 8, 2023May 8, 2023

The ADB has predicted that the economy of Pakistan will grow at just 0.6 per cent this year, which will witness a drop from last year’s 6 per cent growth…reports…

Coronation set to boost economy

by Newsdesk-Top News Economy UK NewsMay 4, 2023May 4, 2023

The Centre for Economics and Business Research estimates a £337 million boost from extra tourism and spending in pubs over the three-day weekend…reports Asian Lite News Britain’s pubs, restaurants and…

MobiKwik’s gears up for 2X growth

by NewsdeskBusiness EconomyMay 4, 2023May 4, 2023

The company’s contribution margin rose to Rs 169.5 crore in FY23 as compared to Rs 42 crore in FY22, nearly 304 per cent year-on-year growth….reports Asian Lite News Digital banking…

Arab Bank Group Posts Impressive 59% Profit Growth

Iraq, GCC discuss ways to strengthen ties

IMF deal fails to secure Pakistan’s financial stability

Hinduja backs Sunak’s economic plans