Friday, December 9, 2022

News Desk

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The story was filed by the News Desk. The Desk can be reached at info@thecorrespondent.com.pk.

Poor in China reducing expenses, wealthier more likely to spend

As increase in cost of living is making people reset their proprieties, the poorer people in China are cutting back on spending, says McKinsey...

After Ishaq Dar, Suleman Shehbaz granted protective bail before returning to Pakistan

The Islamabad High Court (IHC) on Thursday ordered Suleman Shehbaz to surrender before it on December 13 and barred authorities from arresting Prime Minister...

Pakistan in dire need of forex, requests Saudi Arabia for $3bn in cash

Pakistan on Wednesday requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level,...

FIFA World Cup: Qatar fails to attract expected number of visitors

Qatar has been unable to attract the expected number of visitors in connection with the ongoing FIFA World Cup in the country, says a...

Delay in dissolution of Punjab, KP assemblies harms PTI’s popularity

As Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan reiterated his resolve to dissolve the Punjab and Khyber Pakhtunkhwa assemblies, the delay in securing support for...

Oil prices steady on Wednesday after reaching 2022 low   

After reaching the lowest level this year amid concerns that the economic slowdown will weaken energy demand, oil prices steadied in early Asian trade...

US stocks continue moving south, S&P 500 down on fifth consecutive day

Amid the possibility of recession and the Fed going for more interest rate hikes, the stocks at Wall Street continued their losing streak on...

Inflation dent: Auto financing slumps

Net automotive loans saw a reduction of 1.4 percent on month-on-month basis in October, representing fourth consecutive month downward trend, shows the latest credit...

Positive reports about IMF talks boost KSE-100 Index by 279 points

The Pakistan Stock Exchange witnessed a bullish trend on Wednesday with the benchmark KSE-100 gaining 279.35 points (0.67 percent) after the Finance Division rejected...

Pakistan rupee 5 paisa down against US dollar, up against pound and euro

With a latest loss of five paisa against the US dollar, the Pakistan rupee closed at Rs224.16 in interbank trading on Wednesday as political...

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