State Bank of Pakistan Governor Jameel Ahmad said the country’s economy will remain in recovery and stabilisation for the next two years. He emphasized that Pakistan will avoid pursuing unsustainable high growth under current conditions. Ahmad said the government and SBP policies will decide if the ongoing $7 billion IMF loan program will be Pakistan’s […]
SBP governor
Govt making efforts to reduce fiscal deficit in power sector: Hammad
Minister for Energy Hammad Azhar says the government is taking measures to bring improvement in the power sector. Talking to a private TV channel, he said all out efforts are being made to reduce the fiscal deficit in the power sector from 450 billion rupees to 200 billion rupees. Hammad Azhar said the previous governments […]
Economic experts foresee maximum benefits for different sectors of Pakistan from CPEC
Economic experts foresee maximum benefits for different sectors of Pakistan from China-Pakistan Economic Corridor (CPEC) project. According to political economists, many sectors will get benefits from the project as in addition to the economic corridor, CPEC in Pakistan will include energy projects, infrastructure development, industrialization, and the expansion and improvement of Gwadar Port. The project […]
After Australia, Japan approves one mango export facility for Pakistan
Adviser to Prime Minister on Commerce and Investment Abdul Razzak Dawood on Friday disclosed that after Australia, Japan has also approved one mango export facility of Pakistan. In his twitter handler, he said, “I am glad to share that after Australia, now Japan has also allowed one mango export facility of Pakistan, Roomi Foods Vapour […]
JS Global Capital’s shareholders approve buyback of upto 3.99 million shares
The shareholders of JS Global Capital Limited (JSGCL) have approved purchase (buy-back) of its own shares up to a maximum of 3,991,525 issued ordinary shares at a purchase price of Rs 80 per share through a tender offer for the purpose of cancellation of purchased shares, announced the company in a notice to the Pakistan […]
Rupee slips for 4th consecutive day against dollar
Rupee on Thursday fell for the fourth straight session and settled 5 paisa lower to close at 154.84 against American dollar (USD) in an interbank market. The rupee had closed at PKR 154.78 per USD on Wednesday. The rupee witnessed a mild activity in intraday trade as it was traded in a range of 80 […]
Govt focusing to streamline economy: MNA Aliya
ISLAMABAD:MNA and Parliamentary secretary for textile Aliya Hamza Malik on Wednesday said that her government was only focused on its better performance, building institutions, taking revolutionary steps to streamline economy instead of discussing irrelevant topic of Pakistan Democratic Movement. The incumbent government is making concrete efforts to uplift the marginalized segments of the society and […]