The US dollar remains the world’s most influential currency despite facing turbulence from political uncertainty, shifting monetary trends and efforts by major economies to diversify away from it. Analysts argue that the present phase reflects diversification rather than rapid de-dollarisation, as the global financial system still overwhelmingly depends on the greenback. Read More: Rupee slightly […]
global economy
China to boost growth with proactive policies
China will roll out more proactive macroeconomic policies in 2026, President Xi Jinping said Wednesday. He shared the outlook during a high-level party gathering in Beijing. The move signals continued government support for economic growth. Xi said China’s economy is expected to grow by about 5 percent in 2025. He added that the economy could […]
Scholar urges new global economic order amid US trade shockwaves
ISLAMABAD – A research scholar at SOAS University of London has proposed dismantling the current multilateral trade system and replacing it with a “New International Economic Order” to protect developing countries from the disruptive effects of US trade policies. Read More: India moves to finalize major trade deal with US Professor Ha-Joon Chang highlighted that recent US tariff […]
G20 draft declaration ready despite US absence
JOHANNESBURG: G20 envoys have agreed on a draft leaders’ declaration ahead of this weekend’s summit in Johannesburg, sources said, despite the absence of U.S. participation. President Donald Trump’s administration has indicated it will boycott the summit over disagreements with host nation South Africa. Read More: US confirms it will not attend G20 summit in South Africa The […]
IMF warns of slow growth for G20 economies by 2030
WASHINGTON – The International Monetary Fund (IMF) has projected that the world’s 20 largest economies will grow by just 2.9% by 2030, marking their weakest medium-term outlook since the 2009 global financial crisis. The IMF cited protectionism, policy uncertainty, and fiscal pressures as key factors constraining growth. Read More: IMF warns corruption threatens Pakistan’s economic stability […]
Oil prices edge higher as oversupply worries ease
TOKYO/BEIJING – Oil prices rose slightly on Thursday as concerns about global oversupply eased following recent market pressure from weaker demand. Brent crude futures climbed 17 cents, or 0.27%, to $63.69 a barrel, while US West Texas Intermediate (WTI) futures increased 18 cents, or 0.3%, to $59.78. The modest rebound came after oil prices hit […]
Gold prices fall by Rs1,000 per tola in Pakistan amid global decline
KARACHI– Gold prices in Pakistan continued their downward trend on Wednesday, mirroring declines in the global bullion market. In the international market, gold prices dropped by $10 per ounce, settling at $3,970. The impact was immediately reflected in the domestic market, where the price of gold per tola decreased by Rs1,000, reaching Rs419,362, while the […]
Oil prices rise as OPEC+ pauses production hikes
SINGAPORE – Oil prices climbed in early Asian trade on Monday after OPEC+ decided to delay production hikes in the first quarter of next year, easing growing fears of a global supply glut. According to market data, Brent crude futures rose by 47 cents, or 0.73%, to $65.24 a barrel, while U.S. West Texas Intermediate […]
Global commodity prices to hit six-year low by 2026: World Bank
ISLAMABAD — Global commodity prices are expected to fall to their lowest level in six years by 2026, marking the fourth consecutive annual decline, according to the latest Commodity Markets Outlook released by the World Bank. The report projects a seven per cent drop in prices in both 2025 and 2026, driven by weak global […]
Global gold demand hits record high amid geopolitical turmoil
LONDON: Global demand for gold surged to a record level in the third quarter of 2025 as investors sought safe-haven assets amid geopolitical tensions and economic uncertainty, according to data released Thursday by the World Gold Council (WGC). Total demand rose 3% year-on-year to 1,313 tonnes between July and September — the highest quarterly volume […]