Due to recurrent spells of drought, poor rainfall, and dropping river levels, Iraq’s water supplies have plummeted by half since last year, a ministry official told AFP on Thursday. Oil-rich Iraq, despite its mighty Tigris and Euphrates rivers, is classified as one of the world’s five countries most vulnerable to climate change and desertification. “Water … Read more
WASHINGTON: The global economy is on track to grow by downwardly revised 4.1 per cent this year amid new waves of the pandemic, rising inflation and continued supply chain bottlenecks, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. The global outlook is “clouded by various downside risks,” including renewed … Read more
LAHORE: The World Bank has expressed satisfaction over the progress on the Agriculture Smart Programme in the mid-term review and proposed to extend its scope and completion period by two years. This was informed in a meeting of the Cabinet Committee on Agriculture Smart Programme, presided over by Punjab Finance Minister Makhdoom Hashim Jawan Bakht. … Read more
KARACHI: The liquid foreign exchange reserves of the country increased $1.12 billion to hit a record high of $24.415 billion by the week ended July 2, 2021, the central bank reported on Thursday. Previously the foreign exchange reserves touched the level of $24.14 billion in October 2016. The foreign exchange of the country stood at … Read more
Brazil has crossed a greater number of Coronavirus cases and reached to one million on Friday, reporting a new one-day record number of infections as the pandemic continues to surge in the country. According to the health ministry, 54,771 new infections have been recorded, which surged due to “instability” in its reporting system, which meant … Read more
The World Bank warned of the risk of a fresh global debt crisis after highlighting the issue of biggest build-up in borrowing in the past 50 years. British newpaper Guardian reported that In its half-yearly Global Economic Prospects (GEP), said of the four waves of debt accumulation since the 1970s. The latest the largest, fastest … Read more
