Saudi Arabia is hosting the 2024 Indian Premier League (IPL) players’ auction in Jeddah, marking the kingdom’s first major foray into cricket. The two-day event is expected to see franchise teams spend upwards of Rs 600 crore ($71 million), adding to the Indian Premier League’s reputation as one of the most lucrative shows in sports. … Read more
The International Monetary Fund has urged Pakistan to take steps to reduce state intervention in the economy and enhance competition, which will help promote dynamic private sector development. The IMF mission led by Mr. Nathan Porter concluded its staff visit to Pakistan from 12 to 15 November 2024. During the visit, the IMF team met … Read more
The Chinese national flag appears in front of the Central Financial District on Chinese National Day in Hong Kong, China on October 1, 2022. – Reuters The move would raise “the maximum local government debt by six trillion yuan.” The debt ceiling is scheduled to be raised every year from 2024 to 2026. A total … Read more
Members of the Pakistan Navy stand guard near a ship carrying containers at Gwadar port, about 700 kilometers west of Karachi, during the opening ceremony of a pilot trade program between Pakistan and China on November 13, 2016. — AFP The monthly deficit also decreased by 17.7% from $1.82 billion. Exports showed strong monthly growth, … Read more