Tag: Grow

TOKYO - Smoke and steam rose from two of the most threatening reactors at Japan's quake-crippled nuclear plant on Tuesday, suggesting the battle to avert a disastrous meltdown and stop the spread of radiation was far from won. The world's worst nuclear crisis in 25 years was triggered by a huge earthquake and tsunami on March 11 that left at least 21,000 people dead or missing. Technicians working inside an evacuation zone around the stricken plant on Japan's northeast Pacific coast

BEIJING - From January to December 2010, Pakistan's exports to China increased by nearly $500 million with an overall growth rate of 37.4 percent. According to the figures released by China Customs, total Pakistani exports to China last year were $1.7 billion compared to $1.2 billion in 2009.
Since 2006, Pakistani exports to China have steadily grown. The total volume of Pakistan-China trade rose by $2.0 billion to $8.7 billion approximately. Last year, textiles, ores and mineral

KARACHI - Forecasting Pakistan's real Gross Domestic Product (GDP) growth at two to three percent, the State Bank of Pakistan (SBP) has said that the country's external accounts would deteriorate during second half of the current fiscal year. In its first Quarterly Report for 2010-11, the central bank has projected that persistent energy shortages and growing arrears of energy payments would continue to dampen economic activity in the country.
The Report on the state of

ISLAMABAD - The Standing Committee of Senate on States and Frontier Regions (SAFRON) Wednesday asked the government to negotiate and seek permission from the United Nations and the world community for poppy cultivation in the country for medicinal purposes.
"Poverty in FATA and some regions of the Khyber Pukhtunkwa is extremely high and their land is very fertile for poppy cultivation. Given the economic vulnerability of the people, the government should negotiate with the world

KARACHI - The net assets of the mutual funds have exhibited impressive growth in the current financial year. In June 2010, the net assets held by the funds stood at Rs 199.70 billion which have improved to Rs 221.17 billion by November 2010, showing a growth of Rs 21.47 billion in just five months. With the industry total standing at Rs 221.17 billion, NIT is the largest Asset Management Company (AMC) in Pakistan with a share of Rs 40.4 billion which constitutes roughly 18.2 percent

ISLAMABAD - Cellular phone handset import in the country has witnessed a whopping growth of 213 percent in November 2010 as compared to same month of last fiscal year. Such imports have increased to $43.416 million in November 2010 compared to $13.869 million in the same month of 2009.
The significant increase in imports depicts the rise in demand in local markets to meet the consumers' needs in the different cities including flood-hit areas. Federal Bureau of Statistic's (FBS)

LAHORE - The year 2010 witnessed an alarming rise in illegal housing societies and credit goes to the Punjab government which allowed them to thrive and stopped execution bodies including LDA to clamp down against them.
Recently a full bench of Supreme Court (SC) headed by the Chief Justice Iftikhar Muhammad Chaudhry directed Housing secretary to draw up a survey regarding bogus housing schemes and plan crackdown. Punjab government though remains inactive.
In a joint report,

KARACHI: Pakistan's energy demand is expected to rise at a Compound Annual Growth Rate (CAGR) of six percent during the financial year 2011 to 2015. This is primarily due to a strong correlation between energy consumption and economic growth.
In addition, at the current production rate, Pakistan's current oil and gas reserves would fully deplete in the next 13 and 19 years respectively, assuming that there is no further discovery. Recoverable oil and gas resource potential of

HANOI: Chinese Premier Wen Jiabao said Friday he would visit India later this year, stressing there was "enough space in the world" for both the giant nations to prosper despite a backdrop of frosty ties.
"I will pay a visit to India by the end of this year," Wen said during talks with his Indian counterpart Manmohan Singh on the sidelines of a Southeast Asia summit in the Vietnamese capital. Border disputes, a short war in 1962 and the presence in India of Tibet's spiritual