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Monthly Archives: April, 2020

IMF Acknowledges Pakistan’s Response to COVID-19 Pandemic

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On Monday, the International Monetary Fund (IMF) noted the rapid spread of coronavirus in Pakistan and acknowledged the Government's announced Rs. 1.2 trillion relief package. In a...

The G20 Oil Agreement Nosedived as All Previous OPEC Agreements Failed

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Price-rigging, once a globally reviled specialty of the Organization of Petroleum Exporting Countries, has been legitimized by the world’s 20 biggest countries but just as OPEC...

Pakistan to Fall into a Recession – The World Bank Report

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According to the World Bank, Pakistan is expected to fall into a recession with the real GDP for fiscal year 2020 could contract by 2.2...

Why COVID-19 Recession Could be Far Worse than 2008?

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Despite the strict actions taken by the government in the wake of coronavirus in the form of lockdown and rapid financial policies, this recession appears to...

SBP Introduces a Temporary Refinance Scheme

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The State Bank of Pakistan (SBP) has announced a temporary refinance scheme to incentivize businesses to not lay off their workers during his global pandemic. This scheme...

Government Has Again Banned the Export of Chloroquine

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The ministry of commerce has again enforced the ban on anti-malaria drugs to stock them in case of their possible use to treat COVID-19 patients. The ban...

Saudi Arabia & Russia Reveal a Historical Fall in Oil as Demand Drops under US Pressure

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On Thursday, OPEC, Russia and other allies announced plans to slash their oil production by more than a fifth and said that they were expecting the...

Government Allows the Clinical Trial of Plasma Therapy & Locally Made Ventilators

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Although the number of coronavirus cases in the country has reached to 4,500, some significant decisions have been taken by the government, including approval of clinical...

Are We Witnessing The Awakening of a New World Order?

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The novel coronavirus pandemic has unveiled several flaws in the global system. Although numerous measures have been taken on a global level to combat the COVID-19...

Pakistan to Get $1.4 Billion Loan Next Week amid Coronavirus

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International Monetary Fund IMF is going to give Pakistan a loan of $1.4 billion to boost the economic slowdown that occurred due to coronavirus pandemic. Last month...
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