Tag: Growth
Banks warn of oil shortage, growth impact
LONDON - Major banks warned on Thursday an output loss from another oil producer after Libya would lead to global shortages and demand rationing and said OPEC needs to act quickly as the oil rally could derail economic recovery.
Goldman Sachs issued a note saying the world would not be able to cope with another Libya-style oil production outage as Brent oil prices rallied by over $8.50 a barrel to near $120 a barrel. Italian oil firm ENI, a key Libyan oil player, said the OPEC
Goldman Sachs issued a note saying the world would not be able to cope with another Libya-style oil production outage as Brent oil prices rallied by over $8.50 a barrel to near $120 a barrel. Italian oil firm ENI, a key Libyan oil player, said the OPEC
Systems Ltd posts remarkable growth
KARACHI - Systems Limited, one of the largest software houses and IT enabled services provider in Pakistan, had another decade of strong growth and profitability.
Speaking to employees at the company's annual dinner recently, Systems Limited Managing Director Ashraf Kapadia said that impressive growth and profitability is a result of satisfied clients, greater employee commitment and stronger demand of its globally acclaimed products and services in the domestic and international
Speaking to employees at the company's annual dinner recently, Systems Limited Managing Director Ashraf Kapadia said that impressive growth and profitability is a result of satisfied clients, greater employee commitment and stronger demand of its globally acclaimed products and services in the domestic and international
European Q4 growth below forecasts
BERLIN - The French, German and Italian economies expanded less than expected in the fourth quarter, data showed on Tuesday, suggesting the euro zone may not have accelerated out of a third-quarter slowdown. Economists have forecast the euro zone economy as a whole grew by 0.4 percent in the final three months of 2010, after 0.3 percent in the third quarter and 1.0 percent in the second. But that prediction now faces a clear downside risk.
The French, German and Italian economies
The French, German and Italian economies
Developing poultry on modern lines imperative to growth
ISLAMABAD - Despite high prices of beef and mutton, it's consumption has sustained a rising trend due to consumers' inclination. In order to decrease pressure on beef and mutton, output of white meat, particularly poultry, seems easier both time-wise and cost-wise.
The poultry industry in the country has, during the past two decades, made rapid strides transforming its rural unorganised stakes into a modern industry. However, it is still characterised as a 'wet' agri-business.
The poultry industry in the country has, during the past two decades, made rapid strides transforming its rural unorganised stakes into a modern industry. However, it is still characterised as a 'wet' agri-business.
Inflation serious threat to growth, says Manmohan Singh
NEW DELHI - India's Prime Minster Manmohan Singh said on Friday that high headline inflation is beginning to pose a serious threat to India's high growth plans, in one of his strongest warnings over the risk of rising prices.
Singh added that farm supply chains needed to be boosted with organised retail chains, a statement seen pushing for the entry of modern supermarkets despite strong political opposition for foreign-owned multi-brand retail from within his Congress party.
Singh added that farm supply chains needed to be boosted with organised retail chains, a statement seen pushing for the entry of modern supermarkets despite strong political opposition for foreign-owned multi-brand retail from within his Congress party.
LG unveils vision for growth in home appliances
KARACHI - LG Electronics (LG) unveiled its vision and aggressive plans for its home appliance business at the recent consumer electronics show in Las Vegas. LG will target double-digit growth in 2011 and push for sales of $20 billion in 2014 to position the company as the top global home appliance manufacturer.
LG plans to maintain its leading position in its core business sectors such as washing machines and refrigerators, while building a foundation for growth in new business
LG plans to maintain its leading position in its core business sectors such as washing machines and refrigerators, while building a foundation for growth in new business
EPZA registers solid growth in 2010
ISLAMABAD - Export Processing Zones Authority (EPZA) has registered a credible performance during 2009-10. It has published its first ever Year Book for 2010, a press release notified. Exports rose by 14 percent and tax revenues increased by 14 percent.
Investment of surplus funds was boosted by 11 percent. The most impressive growth was in foreign investment which was ramped up by 60 percent. Federal Minister for Industries and Production Mir Hazar Khan Bijarani has expressed
Investment of surplus funds was boosted by 11 percent. The most impressive growth was in foreign investment which was ramped up by 60 percent. Federal Minister for Industries and Production Mir Hazar Khan Bijarani has expressed
Global CEOs counting on BRICs for growth
DAVOS - Global chief executives pinned their hopes on roaring growth in emerging markets at the start of the annual Davos forum on Wednesday but warned that rising inflation and political risks cast a shadow.
Business leaders at the World Economic Forum (WEF) said surging food prices could spark fresh social unrest and pointed to geopolitical worries over international conflicts erupting as well as internal strife.
"I'm optimistic because the world is growing; now we are
Business leaders at the World Economic Forum (WEF) said surging food prices could spark fresh social unrest and pointed to geopolitical worries over international conflicts erupting as well as internal strife.
"I'm optimistic because the world is growing; now we are
Risky engines for economic growth
WASHINGTON - While the rich world puts its post-crisis house in order, developing countries as a whole are becoming the new engine of global growth. Increasingly, they are a force pulling the advanced economies forward.
But switching locomotives is never free of risk. There are at least four tracks along which this switchover is taking place. First, public- and private-sector balance sheets in most emerging economies are relatively clean.
While de-leveraging is ongoing in
But switching locomotives is never free of risk. There are at least four tracks along which this switchover is taking place. First, public- and private-sector balance sheets in most emerging economies are relatively clean.
While de-leveraging is ongoing in
Asia to lead global growth in 2011
SINGAPORE - Asia's rapidly developing economies will lead global growth in 2011 despite cooling slightly from last year, a Reuters poll showed, far outpacing the uneven recovery seen in rich-world peers.
The survey of around 500 economists across the world showed China again topping the economic expansion charts this year, as well as promising signs that the United States' economic revival will gain traction this year.
Still, most of the 13 Asia-Pacific economies covered in
The survey of around 500 economists across the world showed China again topping the economic expansion charts this year, as well as promising signs that the United States' economic revival will gain traction this year.
Still, most of the 13 Asia-Pacific economies covered in
The emerging-market growth engine
NEW DELHI - The key role of emerging and developing countries - including India, China, and Brazil - in sustaining world economic growth was brought into sharp focus during the recent global crisis, and has been well documented. This trend is likely to continue in 2011 and beyond.
Indeed, the IMF expects that emerging and developing economies will grow by six percent in 2010 and 6.3 percent in 2011. Emerging market economies have not only cushioned the global impact of the
Indeed, the IMF expects that emerging and developing economies will grow by six percent in 2010 and 6.3 percent in 2011. Emerging market economies have not only cushioned the global impact of the
Rich nations’ growth lags: World Bank
WASHINGTON - Economic growth in the world's wealthier nations is still too slow to create enough jobs for the tens of millions who lost theirs during the worst global recession since World War Two, the World Bank said. In a report detailing its outlook for 2011, the multilateral lender forecast the global economy would expand 3.3 percent this year, softer than the 3.9 percent expansion seen during 2010. Growth in the developing world will sharply outstrip growth in mature economies.
German growth in 2010 fastest since reunification
WIESBADEN - Germany's economy rebounded last year at its fastest pace since reunification but consumer spending stayed modest, leaving analysts and other euro zone states hoping a more balanced recovery would take hold this year.
Gross domestic product (GDP) grew by 3.6 percent, preliminary Federal Statistics Office data showed on Wednesday, bouncing back from a 4.7 percent slump - its steepest since World War II - in 2009. Economy Minister Rainer Bruederle talked up Germany's
Gross domestic product (GDP) grew by 3.6 percent, preliminary Federal Statistics Office data showed on Wednesday, bouncing back from a 4.7 percent slump - its steepest since World War II - in 2009. Economy Minister Rainer Bruederle talked up Germany's
KSE’s impressive growth stems from FPI
KARACHI - Foreign portfolio investment (FPI) in Calendar Year 2010 at Karachi Stock Exchange currently stands at $2.8 billion, which is around 7.5 percent of total market capitalisation, compared to $1.9 billion (5.9 percent of the market capitalisation) last year.
Despite the devastating summer floods in the country, the high interest rate and imposition of Capital Gains Tax (CGT), the benchmark KSE-100 Index gained 26.2 percent in Calendar Year 2010 to date. The bourse
Despite the devastating summer floods in the country, the high interest rate and imposition of Capital Gains Tax (CGT), the benchmark KSE-100 Index gained 26.2 percent in Calendar Year 2010 to date. The bourse
3G vital for growth’
LAHORE - The introduction of 3G networks, devices and services in countries around the world is providing expanded economic opportunities, both in the public and private sectors, said Federal Information Technology Minister Sardar Aseff Ahmed Ali on Tuesday.
He was addressing a seminar jointly organised by Pakistan Telecommunication Authority (PTA) and the ZTE Corporation. PTA Chairman Dr Mohammed Yaseen, presided over the ceremony while ZTE Pakistan CEO Peng Aiguang, IT
He was addressing a seminar jointly organised by Pakistan Telecommunication Authority (PTA) and the ZTE Corporation. PTA Chairman Dr Mohammed Yaseen, presided over the ceremony while ZTE Pakistan CEO Peng Aiguang, IT
Dual taxation hits mutual funds growth
JAVED MAHMOOD: The dual collection of the Capital Gains Tax from the investors of the mutual funds was not only discouraging the growth of this sector, but also keeping investors away.
The government is collecting CGT at the time of the sale/purchase of the units of the mutual funds and this tax is deducted again from the profit of the investors. This was an injustice to investors and whole the sector, CEO/Managing Director Pak-Oman Asset Management Company Hina Ghazanfar told
The government is collecting CGT at the time of the sale/purchase of the units of the mutual funds and this tax is deducted again from the profit of the investors. This was an injustice to investors and whole the sector, CEO/Managing Director Pak-Oman Asset Management Company Hina Ghazanfar told
PTCL shares experience slow growth
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has shown laggard price performance with share price up 2.4 percent in the quarter to date, compared to the broader market rise of 17.7 percent, mainly due to margin erosion particularly on salary concerns. Moreover, the delays in Universal Service Fund (USF) projects amid flood damages and bureaucratic issues in USF setup, lack of development on the resolution of the real estate issue, and Etisalat's expected increase in its
