India projected to overtake the US economy by 2030: Report
According to the UK-based bank projections, it believes that seven of the world’s top 10 economies will come from emerging markets
China’s short-term money rates fall, prompting talk of more easing
The move pushed the volume-weighted average rate of China’s benchmark seven-day repo, a closely-watched liquidity gauge, to 1.4 percent on Tuesday, its lowest level since July 2015
Pakistan’s growth projected to slow to 3.7% in FY18-19: World Bank
In Pakistan, the informal sector provides two-thirds of total employment but produces only about one-third of GDP
Major KPT projects put forth before JCC for inclusion in CPEC
During the second phase, these projects will be considered for go-ahead by the appropriate Joint Working Group (JWP) during their meeting in March
Petroleum Division seeks ECC go-ahead to revive shelved gas pipeline projects
According to sources, the Petroleum Division will table three options before the Economic Coordination Committee (ECC) to determine the destiny of previously shelved gas pipeline projects
Sri Lanka seeking to increase trade with Pakistan to $1 billion
Total annual trade between Pakistan and Sri Lanka is around $351 million
Govt decreases power tariff by Rs3 per kWh for zero-rated industry to enhance exports
Consequently, the tariff cut will be beneficial for the industry and enhance the country’s competitiveness in the global market besides reducing the cost of doing business
PM hasn’t taken any decision to remove MD’s of SNGPL & SSGC
Last week, a report prepared by the Petroleum Division secretary was sent to Prime Minister Imran Khan stating the management of Sui gas companies was responsible for the gas crisis
World Bank warns brewing trade storm jeopardizes global economy
The growth of the world economy is expected to slow to 2.9 percent this year, and 2.8 percent in 2020, slightly below the previous forecast, and the estimates for nearly all regions and countries were downgraded
Inability to complete paperwork causes delay in CPEC mass transit projects: Report
Also, the Pakistani side was unable to finalize the feasibility studies of Quetta mass greater scheme and greater Peshawar mass transit circular rail project
Pakistan’s first blockchain-based cross border remittances service launched
The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period
OLMT stations to be commercialized: Aleem Khan
He said private banks and other institutions would be offered sponsorship of these stations so that losses could be minimised on a permanent basis, according to a handout issued here
CPEC could create 700,000 jobs for locals by 2030
A recent study conducted by CPEC Centre of Excellence, Ministry of Planning, Development and Reform of Pakistan showed that indirectly, CPEC could help create even 1.2 million jobs under its presently agreed project.
ECC seeks revenue impact of withdrawal of duties on cotton imports
ISLAMABAD: As the government is already facing a revenue shortfall of Rs125 billion during the past six months due to the relaxation...
Tax dept’s justification on declining tobacco revenue rejected
ISLAMABAD: A special committee has rejected the tax department's briefing on a matter pertaining to the decline of Rs60 billion in revenue from the tobacco...