Tag: Economy

China will do everything in its power to support Pakistan in its bid to become a strong, stable and prosperous nation by promoting cooperation...

Despite several internal and external challenges, the country’s economy is gradually moving towards sustained stability, economic indicators suggest. The country’s foreign exchange reserves continue...

Turning around the economy is possible. But to achieve this difficult goal, the government must chalk out an economic agenda with a clear cut...

Federal Minister for Finance Abdul Hafeez Sheikh has said on the pressure of parliamentarians, billion rupees are approved for the development projects every year...

The country needs a ‘Charter of Economy’ on the lines of the Charter of Democracy to steer the nation out of the economic straitjacket,...

A new UN report finds that developing countries in Asia and the Pacific will continue to drive the global economy in 2011, while warning...

United Nations Economic and Social Commission for Asia and Pacific (ESCAP) in its annual report said that despite challenging security conditions and severe energy...

Libyan rebels controlling the east of the country have said that their economy will collapse by June unless France, Italy and the United States...

Proper management and appropriate utilisation of national assets is imperative to lead the country towards sustainable economic growth said Planning Commission Deputy Chairman. ...

Stressing the need to engage the youth of Pakistan in productive and progressive activities, a Pakistani official has said that the planning commission has...

The Bank of Japan Governor Masaaki Shirakawa said the economy will likely contract in the first half mainly due to stalled production after the...

KARACHI - ILL planned policy announcements made by the federal and provincial governments during the current fiscal year which critics allege are politically-motivated have started taking a toll on ailing national economy. Giving a 50 and 15 percent raise, respectively, in the salaries and pensions of government employees in the center and provinces, the critics opine that the decision that was apparently worker-friendly but 'irrational' if analysed in the context of present cash

LONDON - The Bank of England came no closer to raising interest rates this month as concerns about the strength of the economy outweighed inflation risks, further dimming the chance of a hike before August. Its Monetary Policy Committee split 6-3 again in favour of holding rates at 0.5 percent, minutes of its April 6-7 meeting published on Wednesday showed, saying the medium-term outlook for inflation had not changed enough to alter their view. Although the minutes said the near-term

KARACHI - The economy of Pakistan is on the brink of a disaster and if the people at the helm of affairs do not take corrective measure on urgent basis, it would have devastating consequences for the country, Muttahida Qaumi Movement (MQM) parliamentarians observed on Monday at the Khursheed Begum Memorial Hall of the MQM headquarters Nine-Zero in Azizabad where the overall economic position of the country was being discussed. Members of the MQM Coordination Committee were also

WASHINGTON - The world's big economies have tried to overcome their differences and flesh out a plan to make the world economy less prone to booms and busts. The challenge of getting the Group of 20 to agree on how to spot and fix dangers to global growth comes as policymakers are worried about more immediate threats - high oil prices, huge debts in some rich nations and unrest in the Middle East.
China, at the center of the ambitious global policy plan, signaled it will only let

KARACHI - The successful experiments of growing halophytes in the coastal areas of Sindh and Balochistan will not only help strengthen the country's economy, but also create job opportunities for the under-privileged people of these areas, University of Karachi (KU) Vice Chancellor Dr Pirzada Qasim Raza Siddiqui said on Monday.
"Pakistan is an agro-based economy, and issues specifically salinity is putting negative impact on crop cultivation," he added. He was addressing a

KARACHI - After a year of unemployment and wondering if his family would be better off if he died, Pakistani textile worker Murad Ali has got the spring back in his step. One of thousands laid off by textile bosses last year, the father of four is now back at work and one of those to benefit from a surge in Pakistani exports in the current fiscal year, which ends on June 30.
Experts say rising global commodity prices, a government decision to prioritise power supply to industry