Tag: Economic

TOKYO - The economic impact of the earthquake and tsunami that devastated Japan is worse than previously thought, a Japanese minister was quoted as saying Tuesday.
Economy and fiscal policy minister Kaoru Yosano said the ripples of the disaster that struck the country last month would be felt widely.
"The blow to the economy is bigger than initially thought," Yosano said, the Nikkei business daily reported.
The damage "is wide-ranging. (The tsunami) hit the region that

ISLAMABAD - Discontinuity in government policies was a major reason for the lack of economic progress, President Asif Zardari said on Saturday. Addressing a gathering at the 94th National Management course, the president said as public servants belonging to various groups, they had an important role to play in the formulation and implementation of public policies.
The president said the private sector must take the ownership of policies regardless of which political government

ISLAMABAD - Terming Britain's ties with Pakistan "unbreakable", British Prime Minister David Cameron told a joint press conference with Prime Minister Yousaf Raza Gilani on Tuesday that the two countries had resolved to enhance bilateral trade from ₤1.2 billion to ₤2.5 billion by the year 2015 as both countries launched a strategic dialogue to expand cooperation in defence, economy and education.
The British premier also called for economic reforms in Pakistan,

ISLAMABAD - The Pakistan Business Council (PBC), a group comprising of leading Pakistani companies, hosted the Pakistan Economic Forum (PEF) earlier in the week. The economic forum aimed to highlight and identify solutions of five key socio-economic areas - energy, regional trade, social protection, macroeconomic stability and education - said a press release issued here on Monday.
Panelists comprised of intellectuals, former senior civil servants, military officers, economists

ABIDJAN - The streets of Ivory Coast's economic capital Abidjan were deserted Sunday while fighting abated near bastions of strongman Laurent Gbagbo after a four-day assault by rival forces, residents and AFP journalists said.
Terrified Abidjan residents have been in lockdown since the army of internationally recognised president Alassane Ouattara arrived Thursday after a lightning offensive across the country, seeking to unseat Gbagbo. In the administrative district Plateau,

ISLAMABAD - Experts on economic and finance sectors Monday urged the government to do away with its double standards and procedural flaws, simplify the procedures, broaden the tax net and lower the taxation ratio to get the country out of economic mess. President Qaumi Welfare Foundation Mushahid Hussain Sayed Monday criticized the government for its double standards on economic front and for its contradictions in its taxation policy, saying that most of the ruling clique, including

ISLAMABAD - The potential of growth and development of a country is linked to the extent of investment, urbanisation and industrialisation, while revival of the Pakistan economy hinges on performance of its industry and its forward and backward linkages. This was stated by Islamabad Chamber of Commerce and Industry (ICCI) Vice President Muhammand Tauseef Zaman, while addressing a business community at ICCI on Saturday.
The continued dismal performance in industrial growth in

ISLAMABAD - Bringing about economic reforms to overhaul the existing system is the way forward to ensure sustainable economic growth in the country, the economic managers believe.
There is need to bring about changes at many levels if the country has to grow on sustainable grounds, they said. They added that the first step towards this direction could be the change in mindset for accepting innovations and giving up illogical reasoning for accepting or rejecting ideas.
The

LONDON - Market risk looms just about everywhere, from Japan's devastating earthquake to euro zone debt travails, Middle East turmoil and rising scepticism about US Treasuries.
It would normally be enough to send investors scurrying into safe havens. There have been some moves of that sort and are bound to be more. But enough of the risk is related to government bonds to make that option less attractive than normal. Cash, meanwhile, offers negligible returns.
So, equities

FAISALABAD - Only education could bring revolution in political, economic and social fabrics of the society as no community could make progress without it, said Faisalabad Education Executive District Officer (EDO) Sohaib Imran while talking to Pakistan Today. People could put themselves on a proper pedestal in the comity of nations by focusing on the education sector, he said, adding that Punjab Government was determined to spread education in every house and hut of the province.