image
image
image
 
 
 

 

You are here:  Home   |   Business   |   Economy

 

Tuesday 23, September 2014

 
 
 




 

Economy


Pak-China Economic Corridor project to benefit entire region

By: Web Desk, Uploaded: 23rd September 2014

Pak-China Economic Corridor project to benefit entire region ISLAMABAD: Federal Minister for Planning, Development and Reform Prof Ahsan Iqbal said on Tuesday Pak-China Economic Corridor project would lift friendship to new heights as this project would have profound impact not only on Pakistan and China but entire region. The Minister was talking to Chinese business delegation of Guangzhou Bureau of Foreign Trade &...


Ghana awaits long-delayed gas plant to boost economy

By: Web Desk, Uploaded: 10th September 2014

Ghana awaits long-delayed gas plant to boost economy ATUABO: Can a long-delayed natural gas plant transform a nation’s economy? Ghana’s President John Dramani Mahama certainly hopes so, labelling a new facility even more important than the discovery of oil. The plant in Atuabo, outside a village on Ghana’s remote west coast, is finally due to open in December, producing a projected 500 megawatts...


Oil prices mixed after weak China, Europe data

By: Web Desk, Uploaded: 2nd September 2014

Oil prices mixed after weak China, Europe data SINGAPORE: Oil prices were mixed in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said. US benchmark West Texas Intermediate for October delivery eased 15 cents to $95.81 while Brent crude for October rose one cent to $102.80...


Oil prices mixed in Asian trade

By: Web Desk, Uploaded: 1st September 2014

Oil prices mixed in Asian trade SINGAPORE:Oil prices were mixed in muted Asian trade Monday ahead of a public holiday in the United States and as dealers digest downcast Chinese manufacturing data, analysts said. US benchmark West Texas Intermediate for October delivery eased 18 cents to $95.78 while Brent crude for October rose seven cents to $103.26 in mid-morning trade. Floor trading...


Sit-ins causing financial loss to national economy: FPCCI

By: Web Desk, Uploaded: 30th August 2014

Sit-ins causing financial loss to national economy: FPCCI ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industries (FPCCI) Zakaria Usman that on Saturday that the marches and sit-ins were causing huge financial loss to the national economy. Talking to APP, the FPCCI president said that ‘Azadi March’ of  Tehrik-i-Insaf (PTI) and ‘Inquilab March’ of Pakistan Awami Tehrik (PAT) were adversely affecting the national...


WB approves $47.95 mln to help combat malnutrition in Sindh, Balochistan

By: Web Desk, Uploaded: 30th August 2014

WB approves $47.95 mln to help combat malnutrition in Sindh, Balochistan ISLAMABAD: The World Bank approved US$47.95 million to  help the Government of Pakistan improve nutrition status of children under two years of age, and of pregnant and lactating women in targeted areas. “Enhanced Nutrition for Mothers and Children” will specifically target women and the relatively high proportion of stunting that occurs during pregnancy”, said a...


Long Marches, sit-ins adversaly affecting economy

By: Web Desk, Uploaded: 30th August 2014

Long Marches, sit-ins adversaly affecting economy ISLAMABAD: The SAARC Chamber of Commerce and Industry on Saturday said that the long marches of PAT and PTI followed by sit-ins, have altogether adversely affected national economy. This have somehow caused financial loss to the tune of $10 billion to private sector besides hampering direct foreign investment. Vice President SAARC CCI Pak chapter Ifitkar...


Pak Steel receives Rs 2.125 bln more from Govt

By: Web Desk, Uploaded: 29th August 2014

Pak Steel receives Rs 2.125 bln more from Govt KARACHI:  Pakistan Steel Mills has received Rs 2.125 billion out of Rs 2.875 billion of 4th installment of 1st tranche of its restructuring package of Rs 18.5 billion approved by the Federal Government. A PSM release said that the amount of Rs 2.125 billion released by Federal Finance Ministry has been utilized for payment of...


Sit-ins negatively effecting national economy: Khurram Dastgir

By: Web Desk, Uploaded: 28th August 2014

Sit-ins negatively effecting national economy: Khurram Dastgir ISLAMABAD: Minister for Commerce Khurram Dastgir Thursday said that sit-ins being staged by Pakistan Awami Tehreek (PAT) and Pakistan Tehreek-i-Insaf (PTI) in red zone of the Federal Capital, is negatively effecting the national economy and damaging country’s image internationally. Speaking in the Senate Standing Committee on Commerce and Textile Industry here, he said the prevailing...


Pak forex figure $ 13.581.6 bln

By: Web Desk, Uploaded: 28th August 2014

Pak forex figure $ 13.581.6 bln KARACHI:  The total liquid foreign reserves of the country stand at dollars 13.58106 billion, said State Bank of Pakistan (SBP). SBP’s weekly statement here on Thursday said, the foreign reserves held by State Bank on August 22, amounted to dollars 8.55404 billion and the net foreign reserves held by other banks were dollars 5.02702 billion....


ECC approved provision of GOP guarantee to support facility of Rs1.0 bln to PIAC

By: Web Desk, Uploaded: 28th August 2014

ECC approved provision of GOP guarantee to support facility of Rs1.0 bln to PIAC ISLAMABAD:The Economic Coordination Committee (ECC) of the Cabinet here on Tuesday considered and approved the summary of Aviation Division for provision of Government of Pakistan (GOP) guarantee to support the facility of Rs.1.0 billion to Pakistan International Airlines Corporation (PIAC), from a private bank. The Finance Minister Senator Ishaq Dar chaired the meeting of the...


Dollar slips in Asia ahead of US data

By: Web Desk, Uploaded: 28th August 2014

Dollar slips in Asia ahead of US data TOKYO: The dollar slipped against other major currencies in Asia on Thursday as investors await revised US second-quarter growth data. In Tokyo afternoon trade, the greenback weakened to 103.73 yen, from 103.86 yen in New York. The euro turned up to $1.3212 from $1.3195, while it bought 137.06 yen against 137.05 yen in US trading....


Oil prices up in Asia

By: Web Desk, Uploaded: 26th August 2014

Oil prices up in Asia SINGAPORE: Oil prices rose in Asia Tuesday as dealers await the release of a batch of US economic data for clues on whether the Federal Reserve will speed up its timetable for raising interest rates, analysts said. US benchmark West Texas Intermediate for October delivery rose 20 cents to $93.55 while Brent crude for October...


Asia shares mixed, Nikkei hit by strong yen

By: Web Desk, Uploaded: 26th August 2014

Asia shares mixed, Nikkei hit by strong yen HONG KONG: Asian markets were mixed Tuesday with a record close on Wall Street offset by profit-taking, while Japan´s Nikkei succumbed to a stronger yen. Tokyo slipped 0.40 percent by the break, Shanghai was 0.26 percent lower and Hong Kong lost 0.11 percent after hitting a six-year high Monday. Seoul added 0.20 percent and Sydney...


Protests paralyzed economy, direct losses reached up to Rs 800 billion:Khurram

By: Web Desk, Uploaded: 25th August 2014

Protests paralyzed economy, direct losses reached up to Rs 800 billion:Khurram ISLAMABAD: Minister for Commerce, Engr., Khurram Dastgir Khan on Monday said the current protests have paralyzed country’s economy and the direct losses to it have reached up to Rs 800 billion. In a statement issued here, the Commerce Minister said the indirect losses to the economy, according to estimates have also amounted to several hundred...


Asia shares mixed after Yellen speech

By: Web Desk, Uploaded: 25th August 2014

Asia shares mixed after Yellen speech HONG KONG: Asian markets were mixed Monday following a broadly negative lead from Wall Street after the head of the US central bank said she was still concerned about employment in the country. While Janet Yellen´s speech Friday said slackness in the jobs market would likely staunch inflation, investors noted her acknowledgement of calls for...


Protests cause Rs 450 bln loss to country: minister

By: Web Desk, Uploaded: 24th August 2014

Protests cause Rs 450 bln loss to country: minister MULTAN: Provincial Minister for Prisons Ch Abdul Waheed Arain said that PTI and PAT protest demonstrations had caused Rs 450 billion loss to the economy. Addressing a public meeting, the minister said the country was making rapid progress under the vibrant leadership of Prime Minister Muhammad Nawaz Sharif and Punjab Chief Minister Muhammad Shahbaz Sharif....


Long Marches causing daily loss of Rs 150 billion to economy

By: Web Desk, Uploaded: 24th August 2014

Long Marches causing daily loss of Rs 150 billion to economy LAHORE: The Long Marches have been causing a financial loss of Rs 150 billion daily to national economy besides rendering a large number of daily-wagers jobless across the country. Chief Executive, Trade Development Authority Pakistan (TDAP) S.M.Munir said on Sunday that Azadi March of Tehrik-i-Insaf and Inqlab March of Pakistan Awami Tehrik were adversely affecting...


Rates for conversion of FCD, DBC, FCBC, US dollar bonds

By: Web Desk, Uploaded: 22nd August 2014

Rates for conversion of FCD, DBC, FCBC, US dollar bonds KARACHI:  The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E- 25 deposits) by the State Bank on August 25, 2014. The rates...


Dollar holds up ahead of Yellen speech

By: Web Desk, Uploaded: 22nd August 2014

Dollar holds up ahead of Yellen speech TOKYO: The dollar maintained its strength in Asia Friday as investors awaited a speech by the US Federal Reserve chief for any hint at when the bank will start raising interest rates. The US unit was changing hands at 103.90 yen in Tokyo late morning trade, compared with 103.85 yen in New York Thursday afternoon....


FPCCI, SAARC CCI reject politics of civil disobedience, long marches

By: Web Desk, Uploaded: 20th August 2014

FPCCI, SAARC CCI reject politics of civil disobedience, long marches ISLAMABAD:Federation of Pakistan Chamber of Commerce and Industry and SAARC Chamber of Commerce and Industry, Pak chapter Wednesday outrightly rejecting PTI’s call of civil disobedience and long marches reposed full confidence in the leadership of Prime Minister Muhammad Nawaz Sharif. Talking to APP on Wednesday, FPCCI President Zakaria Usman and VP SAARC CCI Iftikhar Ali...


Oil prices mixed in Asia

By: Web Desk, Uploaded: 20th August 2014

Oil prices mixed in Asia SINGAPORE:Oil prices were mixed in Asia Wednesday as investors await the release of US Federal Reserve minutes from its July meeting, while keeping an eye on the latest stockpiles data. US benchmark West Texas Intermediate (WTI) for September delivery rose 34 cents to $94.82 on its last day of trading. It tumbled $1.93 in New...


SCCI offers building Sialkot-Lahore expressway

By: Web Desk, Uploaded: 19th August 2014

SCCI offers building Sialkot-Lahore expressway SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI)on Tuesday offered the Punjab government for construction of Sialkot-Lahore expressway, a long-awaited demand to connect Sialkot to other big cities. The offer was made by Dr Sarfraz Bashier, President SCCI, while talking to APP on Tuesday. “If the Punjab government allows us to collect toll tax, we...


5% rebate on property tax till Sept 30

By: Web Desk, Uploaded: 19th August 2014

5% rebate on property tax till Sept 30 MULTAN: Director Excise and Taxation (E&T), Multan, Ahmad Saeed said on Tuesday the department was focusing property tax collection in August and September and advised people to avail five per cent rebate on payment of property tax till Sept 30. Talking to APP, he said that E&T Multan had registered 14 per cent increase in...


Trade deficit shrinks 16.58% in 1st month of current Fiscal year

By: Web Desk, Uploaded: 19th August 2014

Trade deficit shrinks 16.58% in 1st month of current Fiscal year ISLAMABAD:Country’s trade deficit narrowed by 16.58 percent during the first month of the ongoing fiscal year (2014-15) compared to the same month of last year, mainly owing to decline in imports into the country. According to the latest trade figures released by Pakistan Bureau of Statistics (PBS), the imports into the country decreased by 11.80...


Dollar firm in Asia as Ukraine tensions ease

By: Web Desk, Uploaded: 19th August 2014

Dollar firm in Asia as Ukraine tensions ease TOKYO: The dollar held steady in Asia on Tuesday as concerns over a Ukrainian clash with Russia eased, while investors looked to a speech by the US Federal Reserve chief this week. In afternoon Tokyo trade, the greenback rose to 102.62 yen, from 102.57 yen in New York and 102.32 yen in Tokyo earlier Monday....


 
 
 



 
 
 



Poll

Does Islam support education and guidance of adolescents on issues of growing up?

View Results

Loading ... Loading ...


 

 






 
 

This material may not be published, broadcast, rewritten, redistributed or derived from. Unless otherwise stated, all content is copyrighted © Copyright 2013 AAJ NEWS. All rights reserved.