Posts Tagged ‘economy’

Clinton says Obama supports Pakistan economic aid expansion, confident of positive ties

Clinton says Obama supports Pakistan economic aid expansion, confident of positive ties

WASHINGTON: Assuring lawmakers of President‑elect Barack Obama’s support for a Congressional measure on three‑fold expansion in economic assistance for Pakistan, U.S. Secretary of State‑designate Hillary Clinton has vowed pursuing a ‘positive’ relationship with Islamabad towards addressing the ‘tough and complicated’ problem of violent extremism afflicting the region.
“Yes, the President‑elect does support the legislation that you [...]

January 14, 2009 Business, Politics, World 0 Comments

Pakistan’s banking sector remains strong: report

Pakistan’s banking sector remains strong: report

KARACHI: The Pakistani banking sector has remained remarkably strong and resilient during the last 18 months but the excessive dependence of economy on banking system is quite stark in comparison with the other emerging economies, said Financial Stability Review 2007-08 released by the State Bank of Pakistan (SBP) here.
Pakistan’s banking sector has remained remarkably strong [...]

January 4, 2009 Business, News 0 Comments

Trade body for more dams to meet power needs, save industry

Trade body for more dams to meet power needs, save industry

LAHORE, (APP): Federation of Pakistan Chamber of Commerce & Industry (FPCCI), an apex body of business chambers in the country, Saturday urged the need for immediate construction of water reservoirs and dams to meet increasing power shortage.
Speaking at a round table discussion on “The impact of power shortage on national economy” FPCCI president Tanvir Ahmad [...]

January 4, 2009 Business, News 0 Comments

15% Tax GDP ratio must to maintain 7% economic growth : Tareen

15% Tax GDP ratio must to maintain 7% economic growth : Tareen

KARACHI, (APP): Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Shuakat Tareen has underlined the need for bringing all kind of income under tax net to ensure high rate of economic growth. “ We need 15% tax‑GDP ratio only to maintain economic growth at around 7 percent. If we want more economic growth [...]

January 4, 2009 Business 0 Comments