Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

IMF SOS mission to arrive in Pakistan

ISLAMABAD, SEPT 15 (DNA) – International Monetary Fund (IMF) is sending its SOS (Save Our Soul) mission to Pakistan for suggesting ways to the cash-strapped government to curtail the budget deficit being faced by the country.The IMF expressed concern over Pakistan’s economic performance in the first two months and is sending its SOS mission to Islamabad.The mission will be vising Pakistan to discuss fiscal issues with special focus to restrict target of primary deficit within the desired limits.

Kyrgyz State University and University of Peshawar sign MoU

PESHAWAR, SEPT 14 (DNA) – Erik Beishembiev, Ambassador of the Kyrgyz Republic to the Islamic Republic of Pakistan participated in the International Conference on «Belt and Road Initiative (BRI), China Pakistan Economic Corridor (CPEC) and Trans-regional Integration» organized by  University of Peshawar and Center for Global & Strategic Studies (CGSS).The conference was held with participation of representatives of the Ministries and Agencies of Pakistan, Ambassadors of China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, Diplomats from Russian and Iranian Embassies, Experts, Students and Mass Media.

Uzbekistan Is The Hidden Gem in China’s New Silk Road

Uzbekistan may very well be the best under-the-radar investment story in the world today. But the transformation spearheaded by the country’s new president, Shavkat Mirziyoyev, from socialism to capitalism should put the $50 billion economy on investors radar screens.

The country is famous for the ancient cities of Samarkand and Tashkent, which were part of the old Silk Road. The cities, which are connected by a 344-kilometer high speed rail, play an important role in global trade amid the escalating China-U.S. trade war. Uzbekistan is building a $1.7 billion international business and financial hub in Tashkent. The project includes an industrial park, eight business centers, a shopping mall, restaurants and a cultural center, as well as residential apartments on a 70-hectare site.

Provinces should expand the network of Sasta Bazaar: NPMC

ISLAMABAD, SEPT 07 (DNA) – The National Price Monitoring Committee (NPMC) suggested to the provincial governments and the Islamabad Capital Territory administration to expand the network of Sasta Bazaar to ensure the availability of essential foods at lower prices to wider population.The recommendation is a positive development amidst the economic crisis and the rise in daily usages items.According to the details, the meeting was attended by the representatives of Punjab, Sindh, Khyber Pakhtunkhwa, ICT, ministries of industries, law and justice, commerce, national food security and research, planning, development and reform and inter-provincial coordination, CCP, Bureau of Statistics, Utility Stores Corporation and Federal Board of Revenue.

Had to make bitter decisions but bearing fruit now: SBP Governor

KARACHI, AUG 31 (DNA) – The governor of the State Bank of Pakistan (SBP), Dr Reza Baqir, said the country’s leadership had to make bitter decisions but the people were bearing the fruit now.Speaking during an address at the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Dr Baqir said a stage-wise improvement was happening.Income in the country needed to be increased to boost progress, he said, adding that everyone should play their part and heed their responsibilities.

Adviser to PM on Finance & Revenue chairs ECC, CCoE meetings

Economic Coordination Committee (ECC) of the Cabinet has approved proposals submitted by the Ministry of Industries & Production for payment of salaries to the employees of Pakistan Machine Tool Factory (PMTF) and Pakistan Steel Mill (PSM) as well as a proposal of the Power Division for payment of electricity charges by the Government of Sindh as Thar subsidy for 4514 domestic consumers of Taluka Islamkot.

Pakistan pursuing growth-oriented programme for economic revival: Hafeez

ISLAMABAD, AUG 22 (DNA) – Adviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh has said Pakistan is pursuing a growth-oriented programme for institutional reforms and economic revival and the technical and financial assistance from the World Bank is vital for achieving various development goals in different sectors of the Pakistan economy.He made this statement while talking to Mr. Patchamuthu Illangovan, Country Director for the World Bank in Pakistan, who along with his team met the Adviser to apprise him of the upcoming visit of World Bank President David Malpass to Pakistan in the first week of November, and convey a strong desire from the World Bank management to work with Pakistan to drive institutional reforms and support the growth agenda of the government through any technical or financial assistance required from the Bank.