Hawala to crypto, Pak’s underground economy thrives sans any scrutiny

IANS | December 13, 2025 2:39 PM

New Delhi, Dec 13 (IANS) Pakistan is at a dangerous crossroads where the documented economy is suffocating, while the underground economy is thriving -- in the form of hawala counters in Dubai, the Telegram crypto groups operating from Karachi and Peshawar, the fake IT invoices flowing from single-room “export houses,” and the billions finding refuge in real estate, gold, offshore wallets, and double-invoiced trade routes, a new report has revealed.

India remains a bright spot amid global uncertainty: CEA Nageswaran

IANS | December 13, 2025 1:57 PM

New Delhi, Dec 13 (IANS) India remains a bright spot amid global uncertainty, with a robust 6.5 per cent growth rate, improved fiscal health, strong domestic demand, and structural reforms fostering resilience, Chief Economic Adviser V. Anantha Nageswaran said on Saturday.