economic

Govt to unveil new economic roadmap: PM

Govt to unveil new economic roadmap: PM

KARACHI: Prime Minister Imran Khan on Sunday announced launching a new economic roadmap envisaging a strategy to overcome challenges and reset the country on the path to progress in the next six to nine months.The prime minister was on a day-long visit to the provincial metropolis during which he met representatives of the business community, Sindh Governor […]

Iran faces sensitive time due to America, economic woes: leader says

Iran faces sensitive time due to America, economic woes: leader says

GENEVA (Reuters) – The people of Iran face a sensitive time because of the pressure from America and economic problems, Supreme Leader Ayatollah Ali Khamenei said in a key address broadcast by state television on Thursday.Khamenei was speaking to tens of thousands of members of the Basij militia and top Revolutionary Guards leaders gathered in […]

FDI drops 35% as investors wait for economic policy changes

FDI drops 35% as investors wait for economic policy changes

KARACHI: Foreign investors largely remained shy of driving up investments in Pakistan’s economy as they waited for clarity on economic policies to be announced shortly by the new government.Foreign direct investment (FDI) dropped 35% to $160.1 million in August compared to $246.8 million in the same month of previous year, the State Bank of Pakistan (SBP) reported […]

In Iran, economic worries grow as new US sanctions loom

In Iran, economic worries grow as new US sanctions loom

TEHRAN: Iran’s currency plummeted to a record low on Monday, a week before the United States restores sanctions lifted under the unraveling nucear deal, giving rise to fears of prolonged economic suffering and further civil unrest. Already last month, protesters clashed with police outside parliament in Tehran in three days of demonstrations sparked by the Iranian […]

Pakistan seeks economic lifeline with fresh China loans

Pakistan seeks economic lifeline with fresh China loans

ISLAMABAD: Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad’s growing reliance on Beijing for financial support. Lending to Pakistan by China and its banks is on track to hit $5 billion in the fiscal year […]

‘SCO holds tremendous potential for connectivity, economic development’

ISLAMABAD:Foreign Secretary Tehmina Janjua said Wednesday that the Shanghai Cooperation Organization (SCO) holds tremendous potential for connectivity, trade, energy and economic development. She said this during the inaugural session of the Shanghai Cooperation Organization-Regional Anti-Terrorist Structure (SCO-RATS) Legal Experts meeting being held in Islamabad from May 22 to 25. The Foreign Secretary maintained that the […]

Agreements worth US$305.0 million signed with World Bank, ECONOMIC AFFAIRS DIVISION

Agreements worth US$305.0 million signed with World Bank, ECONOMIC AFFAIRS DIVISION

By; Asghar Ali Mubarak : February, 2, 2018 Islamabad ; Agreements worth US$305.0 million were signed with the World Bank here on Friday to support projects in agriculture sector in Punjab and to improve the nutrition status of children as well as women in Khyber Pakhtunkhwa. Strengthening Markets for Agriculture and Rural Transformation (SMART) in Punjab Program […]

The 3rd session of Pak-Italy JEC was hosted by Ministry of Economic Development, Italy in ICE Headquarters at Rome

The 3rd session of Pak-Italy JEC was hosted by Ministry of Economic Development, Italy in ICE Headquarters at Rome

The 3rd session of Pak-Italy JEC was hosted by Ministry of Economic Development, Italy in ICE Headquarters at Rome on 29-30 January 2018. Islamabad: (Asghar ALi Mubarak) The Pakistan delegation was led by Rana Muhammad Afzal Khan, Minister of State for Finance while the Italian delegation was headed by Ivan Scalfarotto, Deputy Minister, Italian Ministry […]

3rd Economic Cooperation Organization (ECO) Attorneys/Prosecutors General Conference will be held at Islamabad from 30-31 January 2018

3rd Economic Cooperation Organization (ECO) Attorneys/Prosecutors General Conference will be held at Islamabad from 30-31 January 2018

By; Asghar Ali Mubarak; January, 29, 2018 Islamabad; Pakistan is hosting the 3rd Economic Cooperation Organization (ECO) Attorneys/Prosecutors General Conference at Islamabad from 30-31 January 2018. The meeting is implementation of Pakistan’s obligation as current chair of ECO. Pakistan holds the chair as the 13th ECO Summit was held in Islamabad on 1st March 2017. […]

Pak-Italy Joint Economic Commission meeting be held on 29th January in Rome, Italy 

Pak-Italy Joint Economic Commission meeting be held on 29th January in Rome, Italy 

By;Asghar Ali Mubarak; January, 27, 2018 Islamabad: The third Session of Pak-Italy Joint Economic Commission is scheduled to be held in Rome, Italy on 29-30 January, 2018. Rana Muhammad Afzal Khan, Minister of State for Finance and Economic Affairs will lead the Pakistani delegation and Co-chair the session along with Ivan Scalfarotto, Deputy Minister for […]