Browsing: unemployment

ISLAMABAD: Pakistan’s Planning and Development Minister Ahsan Iqbal said updated official estimates show poverty and economic inequality worsening over the past seven years, with the national poverty headcount rising to 28.9% in fiscal year 2024-25 from 21.9% in 2018-19. The

TSHWANE: South Africa’s official unemployment rate fell to 31.4% in the fourth quarter of 2025, its lowest level since the third quarter of 2020, according to Statistics South Africa’s Quarterly Labour Force Survey released on Feb. 17. The rate eased

ISLAMABAD, December 2: Pakistan’s labour market is under severe pressure as unemployment rises sharply and a growing number of citizens turn to overseas employment. New results from the federal labour-force survey show unemployment has climbed to 7.1 percent in fiscal

Egypt’s central bank cut its benchmark interest rates by 200 basis points on Thursday, bringing the overnight deposit rate to 22 percent and the lending rate to 23 percent, as policymakers moved to ease monetary conditions amid falling inflation and

The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S. Department of Labor. The increase of 22,000 from the previous week surpassed analysts’ expectations of

UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that

The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a $6 billion loan. Pakistan signed an agreement with the IMF in 2019 to provide the

Pakistani businessmen are warning the government that if the import levy is not lifted, millions will lose their jobs. They are urging the administration to allow materials stuck at the Karachi port into the country. Steel, textile, and pharmaceutical industries