The Pakistanis working abroad remitted over $7.116 billion during the first half of the current fiscal year, from July to December 2012. A central bank report on Thursday showed an increase of…
Oil prices were mixed in Asian trade Monday as weak energy demand and concerns over more fiscal battles in Washington tempered news of a modest growth in the US jobs market. New…
Doctors are confident that Secretary of State Hillary Clinton will make a full recovery despite the discovery of a potentially dangerous blood clot between the brain and the skull behind her right…
A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts…
Asian markets mostly fell on Friday after Republicans scrapped a vote on putting in place a back-up plan if talks on averting the US fiscal cliff end in failure. The news out…
Oil prices fell in Asia on Friday, with traders taking profits after a recent rally and as US politicians continue to wrangle over a deal to avert the fiscal cliff, analysts said.…
If you want a concrete example of the unanticipated harm that could come from the U.S. going over the fiscal cliff, look no further than Build America Bonds, an efficient alternative way…
China’s vast manufacturing sector expanded in early December at the fastest pace in 14 months as new orders and employment rose, a survey showed, adding to evidence of a pick-up in the…
Last-minute negotiations in Washington on the so-called fiscal cliff – nearly $600 billion of tax increases and spending cuts set to take effect in January that could cause a sharp slowdown in…
The dollar edged up, though the currency was off its highs as investors parsed the details of the labor market report, one of the most closely watched economic indicators. U.S. non-farm payrolls…
Despite positives like the inflow of $ 1.8 billion from the United States in August this year under the long-withheld Coalition Support Fund (CSF), the country’s fiscal deficit for fiscal year 2012-13…
The world economy needs to balance austerity with growth if it is to recover fully from the global financial crisis, a key IMF committee said in Tokyo on Saturday. “Fiscal policy should…
The exports from the country witnessed positive growth of 4.26 percent while the imports decreased by 2.37 percent during the first quarter of the current fiscal year, indicating a positive trends in…
A new U.N. report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic growth and…
The recently concluded FY12 augured well for the country which saw the countrymen managing to save a huge sum of over Rs 242 billion despite a persistent backbreaking double-digit inflation. This saved…
Only improved foreign inflows can help as cash-strapped govt keeps borrowing billions from risk-averse banks Having borrowed a record Rs 1.2 trillion from the banking system, the cash-strapped government keeps its focus…
The federal government has earmarked Rs 208.595 billion in subsidies for the next fiscal year against last year’s allocation of Rs 166.448 billion, showing an increase of 25.32 percent. The announcement was…
