Brussels: ‘The Bank for International Settlements’ (BIS) has warned that the Chinese banking industry is on the brink of a major calamity. The credit-to-GDP gap; and the debt of the Chinese economy will be the two factors responsible for this crisis, said the warning. This warning issued by ‘The Bank for International Settlements’ to China […]
Read More »Washington/Islamabad: Pakistan who already has a tarnished image because of an unstable government, policy to aid the terrorists, increased violence and human rights violation seems to be in for another jolt. The International Monitory Fund (IMF) has expressed concerns over the Pakistani economy and given indications that the economy is heading towards bankruptcy. It has […]
Read More »Washington : Donald Trump, who has imposed tax on imported Steel and Aluminium has issued a fresh warning of an impending trade war. President Donald Trump warned that if the US goods were targeted in retaliation to the imposition of tax on Steel and Aluminium, then European cars will also be taxed heavily. While criticising […]
Read More »New Delhi/ Paris : The decision to include Pakistan in the ‘Watch List’ has been taken in the ‘Financial Action Task Force’ (FATF) meeting held in Paris. This comes as a major shock for Pakistan. Importantly, China an ally of Pakistan and Saudi Arabia, acting on behalf of the ‘GCC’ have shocked Pakistan, voting in […]
Read More »Washington/London/Tokyo: Share markets the world over crashed for the second day is succession because of the indications of increase in interest rates by the United States central bank, the ‘Federal Reserve’ and rising inflation. The slide in the United States stock market is being strongly echoed in the European and the Asian countries, while investors and […]
Read More »Berlin : The German economy is progressing well at present. But this trend will not continue for a long time. The German economy may collapse in the times to come, claim the German industrialists and the analysts; some industrialists reminded of the 2008 recession. A few days ago, German reporters also had claimed that there […]
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New Delhi: The finance minister has increased the defence expenditure budget by 7.81%. Hence, the defence expenditure has increased to 2,95,511 crores and most of this is going to be used for modernising the defence forces. There also is a stress on the purchase of new defence equipment. The previous budget had a provision of […]
Read More »New Delhi: There was a prediction that there will be substantial allocation for agriculture sector in the 2018-19 budget. The prediction has been proved right and the Finance minister Arun Jaitley has made a big fund available for the agriculture sector. Jaitley clarified that there are efforts to increase the income in the hand of […]
Read More »New Delhi: This budget makes the highest provision ever for the Railways. Finance minister Arun Jaitley announced a provision of 1.48 lakh crores for the railways. This is 13% more than the previous year and this will mainly be spent for capacity augmentation of the railways. The Mumbai local will be expanded by 90 kilometres […]
Read More »Canberra : Australia has set a target to be among the first 10 leading countries in the export of weapons. At present Australia stands 20th in the list of the countries exporting arms and ammunitions. Australia is preparing to invest more for selling its arms in the international market. The Turnbull government is said to […]
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