Commerce

Over 17,000 MW to be generated under CPEC energy projects

ISLAMABAD (Monitoring Desk) –  As many as 17,045 megawatts of energy will be generated through energy projects spreading all across under the China-Pakistan Economic Corridor (CPEC). Official sources told the media that these energy projects initiated under the China-Pakistan Economic Corridor (CPEC) project would not only help overcome the existing energy crisis faced by the

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SECP to protect interests’ of modaraba certificate-holders

ISLAMABAD (Monitoring Desk) –  In its resolve to protect the interests of the modaraba certificate holders, the Securities and Exchange Commission of Pakistan (SECP) closely monitors the financial performance and affairs of modarabas. In this respect, necessary enforcement actions are taken to enhance the level of regulatory compliance by modarabas. Recently, the SECP took enforcement

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WB offers mediation to resolve Indus Waters Treaty issue

WASHINGTON (Monitoring Desk) –  The World Bank Group on Saturday urged India and Pakistan to agree to mediation in order to settle on a mechanism for how the Indus Waters Treaty should be used to resolve issues regarding two dams under construction along the Indus rivers system. The World Bank Group made the appeal as

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World Bank projects 5.4 pc growth for Pakistan in 2018

KARACHI (Monitoring Desk) – Pakistan’s economy is set to grow by a robust 5.4 percent by 2018 as Chinese investment from a multi-billion dollar infrastructure project flows into the country, the World Bank predicted in a new report. The cash-strapped country, for years plagued by a bloody homegrown Taliban insurgency, has been battling to get

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Trade deficit could reach 25 bln dollars in current fiscal: PBIF

ISLAMABAD (Monitoring Desk) – President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of Federation Of Pakistan Chambers Of Commerce and Industry (FPCCI) and former provincial minister Mian Zahid Hussain on Friday said trade deficit of the current fiscal can tough the mark of 25 billion dollars. Falling

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Pakistan’s reserves decreased by US$36 mln: SBP

ISLAMABA (Monitoring Desk) – The total liquid foreign reserves of Pakistan have decreased by US$36 million to US$24,153 million. The decrease in reserves was due to payments on account of external debt servicing, the State Bank (SBP) of Pakistan said on Thursday. held by the country stood at US$24,153.4 million on 04November2016.The break-up of the

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Rs.48, 728 mln allocated for small dams’ construction during 2012-16

ISLAMABAD (Sarzameen News) – Pakistan Muslim League Nawaz (PML-N) government on Thursday allocated Rs. 48,728 million for the construction of small dams for the last four years (2012-13 to 2015-16). Current year (2016-17) federal budget allocation is Rs. 11,581 million, said a document of Ministry of Planning and Development and Reform. The federal government has

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Pakistan’s business community making efforts for welfare of people: APTMA

KARACHI (Sarzameen News) –  Senior Vice Chairman All Pakistan Textile Mills Association (APTMA), Zahid Mazhar on Thursday said that, “Pakistan possesses a very efficient and vibrant business community which despite of heavy odds is making tremendous efforts towards the welfare of the people and the development of the economy.” He made these remarks during a

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Pakistan’s economic growth soars to highest mark in eight years : World Bank

ISLAMABAD (Monitoring Desk) – Pakistan’s economic growth in fiscal year (FY) 2016 soared to 4.7 percent—the highest rate in eight years and a significant increase from the previous year’s 4.0 percent, says a new World Bank Report. The World Bank noted that South Asia continues to lead global growth, expanding by 6.8 percent in FY16.

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Zong achieves highest ever monthly revenue of PKR 5bln

ISLAMABAD (Monitoring Desk) – Pakistan’s No 1 Data network Zong on Tuesday announced its highest ever monthly revenue of PKR 5b for October 2016. According to a press release issued here, the company registered a 23.2% (MoM) increase in revenues for the month of October 2016, a 26.5% increase in recharge as compared to October

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