South Korea has lost the most jobs in two decades and the unemployment rate hit a 10-year high as the businesses slashed hiring amid the COVID-19 pandemic. The nation shed 628,000 jobs last month ... ( read original story ...)
Pakistan expresses desire to strengthen economic, commercial relations with Bangladesh
Pakistan's High Commissioner to Bangladesh meets the President ... DCCI President Rizwan Rahman said that the participation of Pakistani entrepreneurs in the recently-held 1st DCCI Business ... ( read original story ...)
Thai bond market ‘unaffected’ by second-wave contagion
The new Covid-19 outbreak will have not affect the Thai bond market, the Thai Bond Market Association (ThaiBMA) said on Wednesday. ( read original story ...)
Pakistan banks face slow economic recovery but outlook stable: Moody’s
Moody’s Investors Service expects Pakistan banks to face slow economic recovery but solid funding and liquidity underpin a stable outlook for the sector. “Economic activity will remain below ... ( read original story ...)
Bitcoin, Blackouts and Smog Are Exacerbating Iran’s Virus Woes
Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s ... ( read original story ...)
Korean companies keen to invest in Pakistan : Ambassador
Pakistan’s former Ambassador to South Korea, Shaukat Ali Mukadam said that many Korean companies, especially SME were interested to come to Pakistan for business and investment as they intended to ... ( read original story ...)
Treasury Targets Billion Dollar Foundations Controlled by Iran’s Supreme Leader
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against two organizations, along with their leaders and subsidiaries, controlled by the Supreme Leader ... ( read original story ...)
Pakistan and Turkey Sign MoUs to Enhance Bilateral Cooperation on Trade, Culture and Education
Pakistan and Turkey have agreed to solidify and further expand bilateral cooperation, in the fields of education, trade, and culture. ( read original story ...)
Moody’s keeps Pakistan’s banking system outlook stable
Moody’s Investors Service – a leading global agency – on Wednesday stated that Pakistan's banking system would have a stable outlook ... ( read original story ...)
China fintech: banking and insurance watchdog CBIRC lays out ways it may punish risky consumer finance companies
The rating system comes as China clamps down on its rapidly growing consumer finance sector, citing systematic risk and customer complaints. ( read original story ...)