ISLAMABAD: The government is making all-out efforts to reduce inflation, a senior government official said. Talking to a private news channel, Special Assistant to the Prime Minister on Youth Affairs Usman Dar said that inflation has become a global challenge due to the Covid-19 because it has fluctuated big economic powers of the world. Edible … Read more
MANILA: The Philippine economy grew more than expected in the third quarter, the government said on Tuesday, as a rebound in consumer spending overcame pandemic lockdowns and other restrictions to rein in the fast-spreading Covid delta variant. Gross domestic product expanded 7.1 per cent, according to the Philippine Statistics Authority, better than the 4.9 per cent … Read more
ISLAMABAD: The government wants to bring back Pakistan’s past economic glory when the country was one of the four largest economies in the Asian region, a senior official said. Addressing as chief guest in “Kamyab Jawan Convention”, jointly organised by the Islamabad Chamber of Commerce and Industry (ICCI) and Kamyab Jawan programme at the ICCI … Read more
LAHORE: The government was making sincere efforts to provide due rights and facilities to the labourers, an official said. Speaking at a consultative workshop on proposed amendments in the Punjab Social Security Act, provincial Minister for Industries Mian Aslam Iqbal said that there was a need to change five decades old act for the protection … Read more
BEIJING: The gratifying achievements of Pakistan’s economic recovery were attributed to the effective lockdown strategy to contain Covid-19, the sound policies of the government on the economic development, the diligence and wisdom of all Pakistani people, and the driving effect of the progressing China-Pakistan Economic Corridor. These views were expressed by Cheng Xizhong, visiting professor … Read more
ISLAMABAD: The government has set a target to produce around 6,900,000 tonnes of coal during the current fiscal year, aimed at meeting the energy needs of the country in an efficient manner. “There was a target of producing 3,800,000 tonnes coal in the last fiscal year, which had been achieved 100 per cent and for … Read more
RIYADH: As part of the Riyadh Sustainability Strategy, the government is working to ensure that 30 per cent of all vehicles in the capital city will be powered by electricity by 2030, Arab News quoted CEO of the Royal Commission for Riyadh City Fahd Al-Rasheed, as saying. The CEO of the Royal Commission for Riyadh City said … Read more
KARACHI: Businessmen Group (BMG) chairman and former president of the Karachi Chamber of Commerce and Industry (KCCI) Zubair Motiwala has appealed to the government to subsidise the impact of the international oil prices, a statement said on Saturday. The increase in petroleum prices would not only affect the overall economic performance but would also intensify … Read more
ISLAMABAD: The electricity tariff will be increased by Rs1.39 and because of depleting gas reserves, the government will impose a ban on the new gas connections for domestic consumers till the introduction of the new pricing mechanism for imported gas. Federal Minister for Energy Hammad Azhar said that this in a media briefing along with … Read more
