You are here:    Home      Posts tagged "economy" (Page 2)

Dubai stocks dive to 27-month low

Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels. The Dubai Financial Market Index ended the day’s trading down 1.83 percent on 2,947.99 points breaching the 3,000-point psychological barrier. The Dubai bourse, the most exposed to the global markets…

Read More
 

Govt to announce package of exports incentives soon: Miftah Ismail

Minister for Finance Miftah Ismail said an incentive package for exports would soon be announced. He was addressing post-budget news conference along with Special Assistant to Prime Minister on Revenue Haroon Akhtar in Islamabad today (Saturday). Finance Minister has dispelled the impression that expenditure of departments would increase during next financial year. He said efforts…

Read More
 

Pakistan economy set to record fastest growth in 13 years

Islamabad: Pakistan’s economy is set to record its fastest growth since 2005 during the current fiscal year, authorities said Thursday. But the projected 5.8 percent growth rate means the government will still miss its six percent target. “We would have achieved 6.1 percent without political turmoil,” Minister for Planning and Development Ahsan Iqbal said while…

Read More
 

Economic Survey: Finance Adviser says inflation has dropped to 13-year low

ISLAMABAD: The inflation has reduced in Pakistan while the agriculture sector has witnessed improvement, with 5.8 percent GDP growth in 2017-18, Adviser to Prime Minister on Finance, Miftah Ismail said on Thursday. The adviser unveiled Pakistan Economic Survey for fiscal year 2017-18. He said the agriculture sector has improved and inflation has reduced in the…

Read More
 

Government to release Economic Survey 2017-18

The main targets the government set in the previous federal budget regarding investment, per capita income and national saving could not be achieved in the last fiscal year. Samaa TV received salient points from the Economic Survey 2017-18, which the federal government will release today (Thursday). According to the key economic indicators mentioned in the…

Read More
 

Dollar strengthens as Asian markets recover

HONG KONG: The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia’s major markets edged up after recent losses. While the corporate earnings season is maintaining traders’ attention, the release on Friday of US…

Read More
 

Economic zones under CPEC to provide worldwide investment opportunities: PM

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has said multibillion dollar China Pakistan Economic Corridor project will not only contribute to the development of Pakistan but also to the entire region. He was addressing a Seminar titled ‘the CPEC Summit ‘ organized jointly by the Ministry of Planning and Development and a private media outlet in…

Read More
 

Most Asia markets close in bearish zone

HONG KONG: Asian markets mostly fell Monday with technology firms extending last week’s sharp losses, following another plunge in Apple as investors fret over the once-lucrative smartphone sector. News Saturday that North Korean leader Kim Jong Un had called a halt to nuclear tests and intercontinental missile launches — ahead of a planned summit with…

Read More
 

Federal govt to present people-friendly budget on April 27: minister

FAISALABAD: State Minister for Finance Rana Muhammad Afzal Khan on Sunday said the PML-N government would present its fifth budget on April 27 which will not only be people-friendly but will also provide the maximum relief to the masses. Addressing a reception hosted by Markazi Ulema Council (MUC) at Ghulam Muhammad Abad here, he said…

Read More
 

IMF unveils new corruption policy for member states

Washington: The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The new policy also tackles how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering or by allowing anonymous corporate ownership. “We…

Read More
 

US-China trade tension dominates IMF gathering

Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic on Friday. Official after official has called for disputes to be resolved through dialogue rather than unilateral tariffs, and warned about…

Read More
 

Is CPEC boosting local investment in Pakistan?

The China Pakistan Economic Corridor has brought historic investment to the country; however, some economists are of the view that the PML-N government, during its five-year tenure, has failed to convince local investors to join the $62 billion project of regional connectivity.

Read More
 

Post-mortem: Rupee devaluation, trade deficit hit economy hard

Contrary to government’s claim, all is not well in Pakistan. The devaluation dragged Pakistani rupee to bottom of currencies during PML-N government’s tenure, while the trade deficit swelled to $27 billion in nine months of the current fiscal year. Watch Samaa’s exclusive report…

Read More
 

PM in London to attend Commonwealth Heads of Govt Meeting

LONDON: Prime Minister Shahid Khaqan Abbasi has arrived in London to attend the Commonwealth Heads of Government Meeting beginning today. At the airport, the prime minister was received by senior officials of the Britain government and Pakistan High Commissioner to United Kingdom Syed Ibne Abbas. The CHOGM-2018 will provide an opportunity to highlight the progress…

Read More
 

Pakistan’s foreign reserves may drop to alarming level: report

Pakistan’s foreign reserves may drop to an alarming level, i.e. below Cambodia’s, according to statistics received from International Monetary Fund cited by Bloomberg Wednesday. The country that devalued currency twice in four months is depleting its dollar reserves at the fastest pace in Asia. If the situation persists, it may have a buffer that’s smaller…

Read More
 

President’s message on the occasion of Pakistan Day

ISLAMABAD: President Mamnoon Hussain said that 23rd March is an important landmark in the history of our nation. I warmly felicitate the nation on this auspicious occasion. President said that it was on this day in 1940 when the historic Lahore Resolution was passed which united the Muslims of the sub-continent for a greater objective….

Read More
 

US unafraid of trade war after G20 meet

BUENOS AIRES: The United States is not seeking a trade war over tariffs but does not fear one, US Treasury Secretary Steven Mnuchin said Tuesday after a meeting of G20 finance ministers. A trade war “is not our goal, but we are not afraid of it,” Mnuchin said at the end of the two-day meeting…

Read More
 

Explainer: Paras Jahanzeb on the dismal state of economy

In today’s News Beat show, Paras Jahanzeb sheds light on the dismal state of Pakistan’s economy and Finance Adviser Miftah Ismail’s bizarre offer to give Pakistan Steels Mill for free to PIA’s buyer. Watch what she has to say on the issue.

Read More
 

Govt working to promote knowledge based economy: Ahsan Iqbal

ISLAMABAD: Minister for Planning, Development Ahsan Iqbal said the government is working on vision 2025 to address the long term challenges and for the promotion of Knowledge based economy. Speaking at the inaugural ceremony of National Centre for Artificial Intelligence in Islamabad on Friday, he said that we are witnessing paradigm shift as pen literacy…

Read More
 

Dar being targeted according to agenda, says Iqbal

By: Fakhar-ul-Rehman ISLAMABAD: Interior Minister Ahsan Iqbal said that PML-N Senator Ishaq Dar is being targeted according to a political agenda. He was speaking in a joint news conference with PML-N leaders Miftah Ismail and Rana Afzal Khan in Islamabad. The interior minister said that Dar used to work 18 to 20 hours a day for…

Read More
 

Khawaja Asif for bettering environment for trade with Iran

ISLAMABAD: Foreign Minister Khawaja Asif has stressed to develop favorable environment for trade between Pakistan and Iran. He was addressing Pak-Iran Business Forum in Islamabad on Monday. Khawaja Asif said trade volume between the two countries has reached to five-billion dollars during last two years. He said cooperation between state bank of Pakistan and Bank…

Read More