Significant steps are required to improve Ease of Doing Business ranking, Trade bodies and stakeholder should be taken on board before any policy formulation. The government Should support businesses instead of harassing them. They should protect the domestic industry. Improving business will overcome unemployment. Energy crises and double taxation have badly disturbed businesses. There is … Read more
PTI Government’s efforts to boost the foreign exchange reserves have shown the results as the reserves held by the central bank have shot up to one and a half year, striking the $10-billion mark. The foreign exchange reserves held by the central bank increased 18% on a weekly basis, according to data released by the … Read more
The federal cabinet on Wednesday has decided to provide Rs100 billion subsidy to agriculture sector to ameliorate the sufferings of farmers, Briefing media persons, Special Assistant to the Prime Minister on Information & Broadcasting Dr. Firdous Ashiq Awan said that Water and Power Division in a briefing told the cabinet when Pakistan Tehreek-e-Insaf (PTI) government … Read more
The Sensitive Price Index (SPI) based inflation for combined income group during the week ended on December 5, 2019 has witnessed the scaling down of 0.83 percent against November 28, 2019. It came down from 131.87 points to 130.77 points, according to data released by Pakistan Bureau of Statistics (PBS). According to the PBS, the … Read more
Russian companies are looking to invest in Pakistan’s energy sector. The companies seek a $2.5 billion gas pipeline project from Karachi to Lahore. The meeting will discuss the construction of a railway line from Quetta to Taftan. As per local media reports, The 64-member high-level delegation from Russia will also reportedly attend the sixth meeting … Read more
Special Assistant to the Prime Minister for Information and Broadcasting Dr Firdous Ashiq Awan said that the government has set subsidy of 30 billion for the domestic consumers for year 2019-20. Dr Firdous Ashiq Awan presented a briefing of the federal cabinet and said that domestic consumers have been given a subsidy of Rs. 19 … Read more
Special Assistant to Prime Minister on Information and Broadcasting Firdous Ashiq Awan said that Prime Minister Imran Khan is determined to form technology parks in universities across Pakistan. She said that inauguration of Pakistan’s first special technology zone and park is a sign of special importance given to the technology sector in Naya Pakistan. In … Read more
Prime Minister Imran Khan said, government efforts to stabilize the country’s economy and the journey beyond stability is the improvement and development of the economy. According to details, a meeting of the government economic team, chaired by Prime Minister Imran Khan. The meeting was also held to review progress in pending cases in the courts … Read more
India’s Gross Domestic Product (GDP) growth has slipped to a 26-quarter low of 4.5 per cent in the second quarter (July-September) of the current fiscal, data released by National Statistical Office (NSO). The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March … Read more
Female labor force participation levels in Arab countries are the lowest in the world—despite the rising educational attainment of women reaching working age. Indeed, young women across the Arab world exceed the education levels of young men, who are worrisomely falling behind. Remedying the under-representation of Arab women in the labor force and reviving the … Read more
Global stocks retreated Thursday on continued doubts about US-China trade talks while the OECD slashed its growth outlook, citing the protracted trade conflict. Investors, already nervous about the slow progress of the talks, became even more cautious after both houses of Congress overwhelmingly approved a bill supporting the pro-democracy movement in Hong Kong and sent … Read more
Prime Minister Imran Khan reviewed the economic situation of the country and said economic stability and providing facilitation to investors and business community is top priority of the government. Prime Minister chaired the economic team meeting, senior officials including Advisor Finance, Federal Ministers Hamad Azhar, Khusro Bakhtiar, Chairman FBR, Advisor Finance and Trade and Firdous … Read more
Advisor to Prime Minister Imran Khan on Finance, Revenue and Economic Affairs Abdul Hafiz Sheikh has said that construction activities have increased in the country. Special Assistant to the Prime Minister for Information and Broadcasting, Firdous Ashiq Awan and the Government Economic Team have held a press conference in Islamabad. During the press conference Government … Read more
Prime Minister Imran Khan has said that the plague of smuggling is a lethal poison for the country’s economy. Prime Minister Imran Khan chaired a meeting regarding the establishment of trade markets in the border areas, in which advisor of trade Abdul Razzaq Dawood, Assistant Special Information Minister Dr Firdous Ashiq Awan, Assistant Special Yousuf … Read more
Lahore Chamber of Commerce and Industry (LCCI) call countrywide shutter down strike and closed LCCI for two days for any activity but unfortunately the President of LCCI Irfan Iqbal Sheikh, open his own stores branches and doing business as usual. The LCCI a day earlier (Monday) in a hurriedly call press conference announced closing the … Read more
Prime Minister Imran Khan is likely to address the nation today in order to gain confidence of the nationals over the political and economic situation of the country. Sources said that PM Imran Khan is expected to record his special message to the nation which would be aired today (Sunday). The decision is taken to … Read more
The World Journal Bloomberg says Pakistan will be one of the important countries for the global economic growth rate by 2024. According to the details, Bloomberg has stated in its report that by 2024 Pakistan will be one of the important countries for the global economic growth rate. These countries will provide 78.5% of the … Read more
Pakistan has jumped up 28 places on the World Bank’s Ease of Doing Business Index and attained 108th position besides securing a place among top ten global business climate improvers. Pakistan carried out six reforms in the last one year that helped improving its ranking from 136 to 108, according to the World Bank’s report … Read more
Pakistan will be one of top twenty countries to dominate global growth by 2024. According to the World GDP growth of 2019 China has the biggest GDP rate which is 32.7%, United States have a rate of 13.8% and India owns 13.5%. But in 2024 the scenario will be changed and Pakistan will be the … Read more
The Pakistan Economy Watch (PEW) on Saturday said the policy of promoting sugarcane crop on the cost of the cotton crop should be stopped as it can result in serious national security issues. Sugar mafia is digging the grave of the economy for profits which should be noticed and corrective measures should be taken, he … Read more
The meeting of Financial Action Task Force (FATF) is underway in Paris where Pakistan will submit its compliance report. Pakistan economic affairs minister Hammad will present the compliance report which suggest the Pakistan’s efforts to tackle terror-financing and money laundering. Officials of Securities & Exchange Commission of Pakistan (SECP), National Counter Terrorism Authority (NECTA), State … Read more
The World Bank says that Pakistan’s growth rate will be 2.4 percent in the next two years. According to the details, the World Bank predicts Pakistan’s economic growth targets for the next two years. Imran Khan’s government cannot meet the targets of inflation, public debt and fiscal deficit reduction, says World Bank. In the report … Read more
Prime Minister Imran Khan chaired federal cabinet meeting in Islamabad here on Monday. According to the details, he informed the cabinet about his recent Iran and soon to be Saudi Arabia’s visit. The federal cabinet focused on the 15-point agenda and issues of political and economic situations of Pakistan were also discussed. Imran Khan briefed … Read more
Special assistant to the Prime Minister on Information Firdous Ashiq Awan said that new opportunities are being opened for business in Pakistan. Firdous Ashiq Awan, while talking to media in Lahore, said that the world wants to establish partnerships with Pakistan whereas investors’ trust has been increased because of the government’s economic policies. She added … Read more
Adviser on Finance Abdul Hafeez Sheikh has said that the government has overcome the fiscal and trade deficits. While addressing a press conference along with Chairman Federal Board of Revenue (FBR) Shabbar Zaidi in Islamabad he said that the current account deficit has been reduced to the record level. For this, government struck agreements with … Read more
Prime Minister Imran Khan has said government is making every possible effort to revive Pakistan Steel Mills and making it a profitable organization. He was chairing a meeting in Islamabad on Friday regarding revival of Pakistan Steel Mills. The Prime Minister said efforts are being made to end burden on national exchequer by reviving the … Read more
Meeting of the Federal Cabinet was held in Islamabad with Prime Minister Imran Khan in the chair here on Tuesday. It discussed overall economic and political situation of the country. The meeting was given a detailed briefing on the spike areas of dengue, relevant data and the steps being taken to overcome it. The Prime … Read more
Advisor to the Chief Minister of Punjab on Economic Affairs and Planning, Salman Shah said, we want to use China’s experience to boost our economy. Salman met Chinese delegation which was chaired by the Chinese Ambassador. During the meeting, advisor to CM Punjab said that his government is trying to make a bridge between Chinese … Read more
