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Joe Biden: China a ‘ticking time bomb’ because of economic woes

Joe Biden: China a ‘ticking time bomb’ because of economic woes

The President of the United States, Joe Biden, has called the People's Republic of China a “ticking time bomb in many cases” because of its economic problems and challenges.  The US President said that China

$6.8bn ML-1 Karachi-Peshawar rail line approved

$6.8bn ML-1 Karachi-Peshawar rail line approved

The Executive Committee of the National Economic Council approved the Pakistan Railways to upgrade and install Mainline-1. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the

12-month FDI jumps 88pc to $2.56bn

12-month FDI jumps 88pc to $2.56bn

Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest

US report says Pakistan’s budget lacked fiscal transparency.

US report says Pakistan’s budget lacked fiscal transparency.

In a document titled “2020 Fiscal Responsibility Report,” the US State Department claimed the budget presented by the Pakistan government lacked key information on the government and government-guaranteed debt related to the China-Pakistan Economic Corridor.