While COVID-19 restrictions in India appear to be easing amid a lower rate of new cases in recent days, its hope of re-establishing travel connections with foreign countries may hinge on its ongoing effort in bringing the pandemic under control. New Delhi is in touch with Beijing regarding the latter’s “suspension of visas”, seeking China to allow Indians to travel to the country for work and education, the Times of India reported on Sunday. A…
Posts published in “ECONOMY”
The impulsive decision-making on economic and regional trade issues marked the fragile nature of the country’s political economy last week as inflation surged to 9.01 per cent in March from 5.7pc in January. In one of the most mercurial moments, the federal cabinet rejected a decision of its Economic Coordination Committee (ECC) that had approved the revival of trade relations with India by allowing imports of sugar, cotton and cotton yarn through land and sea…
The federal government’s total debt increased to Rs36.537 trillion by end-January as against Rs32.997tr in the same period last year, up by almost 11 per cent, or Rs3.54tr. Latest data released by the State Bank of Pakistan on Friday showed the central government’s domestic debt also increased to Rs24.502tr at the end of first seven months of 2020-21 when compared to Rs21.794tr, an increase of 12.4pc, or Rs2.71tr. Central government external debt at the end…