Washington: The United States has once again demanded that Pakistan should take stronger action against terrorists. US Vice President Mike Pence made this demand during the Pakistan Prime Minister, Khaqan Abbasi’s US visit. Taking note of the rapidly increasing Chinese influence in Pakistan, the US leaders conveyed their concerns about this to the Pakistan Prime […]
Read More »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/ Beijing: ‘Their chequebook is the first thing to be kept in mind while deciding the policy about China. China is freely spending dollars and cents not only for their own military and technical development but also to increase its influence around the world. China is using capital as a weapon,’ US ‘Navy Secretary’ Robert […]
Read More »Washington/Islamabad: The Pakistani Foreign Minister announced that the efforts to include Pakistan in the ‘Watch List’, in the ‘Financial Action Task Force’ (FATF) meeting to be held in Paris, have been thwarted. Pakistani Foreign Minister Khawaja has been bragging about Pakistan’s efforts being successful in the matter. But, the Spokesperson for the US Department of […]
Read More »Beijing: “As the entire nation moves towards prosperity, not even a single person will be left behind.” Chinese President Xi Jinping had said during last year’s annual address of the Communist Party while promising that eradicating poverty would be his top priority. Since becoming President in 2012, Jinping started making efforts to end poverty. However, […]
Read More »Washington: “To what extent shall we be able to sustain the continuously increasing debt burden on the US economy, is a worrisome question which frequently pops up in my mind. America’s Debt to GDP ratio of 75%, may not be a reason for scare, but it is certainly a cause of concern serious enough to […]
Read More »US senators, have strongly criticized China’s, ‘One Belt One Road, initiative’ saying that though large-scale investment in the basic infrastructure is the need of the Asian and African continents and various other parts of the world, yet the ‘One Belt One Road’ scheme of China is much more than what meets the eye. These highly […]
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Beijing : Economists have warned that Chinese President Xi Jinping’s ambitious ‘One Belt One Road’ Project is posing a danger to the global financial system. Government banks of China are trying to raise funds to be issued as loans to the deprived and potentially dangerous countries. Economist Xu Chenggang and Bjorn Conrad have raised their […]
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Mumbai : ‘RBI’ has prepared a list of 500 highest ‘defaulters’, to resolve the issue of ‘Non-Performing Asset’ (NPA). It has been observed that as per this list, 12 ‘defaulters’ owe banks around Rs 2 lakh crore and action will be taken against them as per ‘Insolvency and Bankruptcy Code’. Two days back, the Union Finance […]
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