As coronavirus momentum weakens in Pakistan, the country’s economy is finally gathering steam with sales of fuel and cement rising. As per Bloomberg, the development comes on the back of growing sales ... ( read original story ...)
Pakistan awarded with the Global Islamic Leadership Award
In recognition of its efforts for the promotion of Islamic Financing globally, Pakistan has been awarded the Global Islamic Leadership Award. The award was ... ( read original story ...)
Vedanta Leads India Surge in Dollar Loans for Local Buyouts
Massive borrowing by Vedanta Resources Ltd. has helped push up Indian firms’ dollar loans to fund the privatization of companies and acquisitions to the most in six quarters.Vedanta, the London-based ... ( read original story ...)
India weighs dropping debt condition for winning bidder of Air India
A renewed attempt to sell Air India, which hasnt made money since 2007, has been hurt by the pandemic, forcing the government to keep extending a deadline to bid. ( read original story ...)
India Weighs Dropping Debt Condition in Flag Carrier Sale
India is proposing to drop a condition that the winning bidder for Air India Ltd. will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said, as the government ... ( read original story ...)
20 CPSEs, their units in pipeline for strategic sale: MoS Finance
MoS Finance Anurag Singh Thakur said the govt has 'in principle' approved strategic disinvestment in 34 cases since 2016, out of which strategic disinvestment in 8 cases has been completed, 6 CPSEs ... ( read original story ...)
India’s Modi faces turbulent session as Parliament reopens
The 18-day session comes as coronavirus infections in India surge faster than anywhere else in the world. The more than 92,000 new cases added Monday raised India's totals past 4.8 million. Prime Mini ... ( read original story ...)
FDI inflow from China declines to $163.77 million in FY20: MoS Finance
There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed Lok Sa ... ( read original story ...)
China’s Economy Is Recovering Though Unevenly: Forbes China Forum
China’s economic recovery from the COVID-19 shock in early 2020 is continuing in the second half of the year, albeit unevenly, a senior economist told the recent U.S.-China Business Forum organized by ... ( read original story ...)
Cases Top 29 Million; Iran Deaths Near Month High: Virus Update
Global coronavirus cases surpassed 29 million as India, the epicenter of the pandemic, reported more than 90,000 for a fifth straight day. Countries ranging from Iran to Czech Republic are reporting a ... ( read original story ...)