Current News

Pakistan has finalised an agreement with the International Monetary Fund (IMF) on a bailout package, announced the country’s Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Sunday.

The central bank yesterday asked four state-run commercial banks to extend liquidity support to cash-strapped private banks. The state banks, which have a strong liquidity base, have also been asked not to charge high interest rate on the funds to be given to the private lenders.

President Donald Trump warned China on Saturday that it should strike a trade deal with the United States now, otherwise an agreement would be “far worse for them if it has to be negotiated in my second term.” Washington and Beijing are locked in a trade battle that has seen …

A Rouf Chowdhury has recently been reelected as chairman of Bank Asia. The leading promoter of the bank, Chowdhury is the chairman of Rangs Group and Sea Resources Group and a director of The Daily Star, the highest circulated English daily in the country.

Yangon, the largest city in Myanmar, regional government has invited local and foreign investors to help develop small and medium enterprises (SMEs) in addition to value-added agro-industry and businesses. Speaking at the Yangon Region Forum-2019 which kicked off on Friday, Yangon Region Chief Minister U Phyo Min Thein said this, …

Bangladesh Railway (BR) is going to receive a record high fund allocation in the next development budget as the quality of its service has been on the decline, insiders said Friday. They said despite substantial fund allocation over the last one decade, the quality of service of the state-owned agency …

Yamaha motorcycles will be manufactured in Bangladesh starting next year, a move which the initiators say will offer competitive prices to bikers. It will take up the rest of this year to set up the manufacturing operations, said FH Ansarey, managing director of ACI Motors, a joint initiative of ACI …

Finance Minister AHM Mustafa Kamal yesterday defended the government’s GDP growth data, saying the rates are based on solid numbers. His remark came a day after the South Asian Network on Economic Modeling (SANEM), a research organisation, called the recent economic growth data “puzzling”, citing that the figures are inconsistent …

Uber shares skidded Friday in a disappointing Wall Street debut following a massive public offering from the global ride-hailing giant. After pricing at $45 for the initial public offering (IPO) — translating to a market value of $82 billion — Uber shares began the trading day lower, and closed with …

At his shop in Jerusalem’s Old City, Palestinian craftsman Issam Zughair makes traditional lanterns for Muslims marking the holy month of Ramadan, battling competition from cheap Chinese imports. Zughair’s shop is decked out with lamps both large and small, some hanging from the ceiling and others displayed outside to draw …