Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The International Monetary Fund (IMF) Wednesday reposed confidence that the present government has a coherent plan and clarity of purpose for economic revival and there exists a capacity to implement the reforms’ plan into action. An IMF delegation met Prime Minister Muhammad Nawaz Sharif and congratulated him for smooth democratic transition and stated that they […]
The Asian Development Bank (ADB) and the Government of Pakistan Monday signed an agreement to invest $245 million to improve the country’s power distribution systems, the ADB said. Nargis Sethi, Secretary Economic Affairs Division of Pakistan and Dr. Werner E. Liepach, ADB’s Country Director for Pakistan signed the loan agreement. “The investment will help upgrade […]
The Economic Coordination Committee of the Cabinet was informed by the Governor State Bank of Pakistan on Saturday that SBP had received the first installment of US $ 550 million from the International Monitoring Fund thus increasing the Foreign Exchange Reserve to US $ 10.4 billion. This was disclosed when the ECC was discussing the […]
Finance Minister Ishaq Dar says the first installment of 6.64 billion dollars loan approved by the International Monetary Fund (IMF) will be received soon. Addressing a joint news conference with Punjab Chef Minister Shahbaz Sharif in Islamabad today (Thursday)‚ he said it will help enhance reserves of the country. The IMF has approved a […]
The International Monetary Fund (IMF) has approved a 6.7-billion-U.S. dollar loan program for Pakistan to support the country’s economic reform to promote inclusive growth. The three-year loan arrangement under the Extended Fund Facility (EFF) was authorized by the IMF’s executive board, and the approval enabled an initial disbursement of 540 million dollars, the IMF said […]
Secretary General D-8 Organization Seyed Ali Mohammad Mousavi has said that Preferential Trade Agreement (PTA) among D-8 (Developing-Eight) countries will be operationalized very soon. Talking to media in Islamabad on Wednesday‚ he said that November 1‚ 2013 has been set as the cutoff date for the implementation of Preferential Trade Agreement. Mousavi said that all […]
The proposed economic corridor between China and Pakistan will connect the dreams of the two countries, experts have said. The China Dream refers to the great rejuvenation of the Chinese nation, while a similar dream in Pakistan is called making the country into an Asian tiger. The notion was raised and well received at the […]
The Preferential Trade Agreement (PTA) between Pakistan and Indonesia will become operational on September 1st (Sunday), creating new opportunities for mutually beneficial exploitation of the huge trade potential that happily marks the historically friendly relations between Pakistan and Indonesia, officials say. The last hurdle in the actualization of the PTA was removed by the signing […]
Minister for Railways Khawaja Saad Rafique Friday told the National Assembly that there is no proposal under consideration to privatize Pakistan Railways. He informed the House during question hour that private partnership‚ however‚ will be promoted to provide better traveling facilities to the commuters. About the steps being taken to make Pakistan Railways a profitable […]
The parliament was told Wednesday evening that Iran-Pakistan gas project would be completed in the stipulated time. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi informed the National Assembly, or Lower House of the parliament, that Pakistan is bound to purchase Gas from Iran by 1st January 2015 otherwise‚ a plenty […]
Pakistan would get 12 billion dollars from multilateral institutions as budgetary support or funding for projects during the next three years, Finance Minister Ishaq Dar said Monday. Briefing newsmen about state of the economy in Islamabad, he said this would fully protect the country against liabilities and obligations and it will find no difficulty in making […]
Prime Minister, Nawaz Sharif, has appointed Dr. Joseph Wilson as the Chairman of the Competition Commission of Pakistan (CCP) on acting charge basis with immediate effect and until further orders , the CCP spokesman said Thursday. With over 21 years experience of public service, law practice, teaching and research in regulatory laws, Dr. Joseph Wilson […]
