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Economy

Managing a slowing economy

IN case you’ve missed it, there have recently been a slew of forecasts that say the economy is likely to slow to less than 3.5 per cent GDP growth this year (from 5.8pc last year), and next year will be even more difficult as it is expected to contract further to 2.5pc …

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China: BRI Investments Boost Pakistan Economic Structure

ISLAMABAD —  China and Pakistan say their ongoing multibillion-dollar infrastructure development cooperation program under Beijing’s global Belt and Road Initiative (BRI) has entered the next stage after achieving initial targets, dismissing reports the project increased Islamabad’s debt burden rather than boosting economic growth.  Officials in the neighboring countries, traditionally strong …

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آئی ایم ایف کو پاکستان کے لیے بیل آؤٹ پیکیج سے روکنے کا مطالبہ

واشنگٹن —  امریکی کانگریس کے تین بااثر ارکان ٹیڈ ایس یوہو، ایمی بیرا اور جارج ہولڈنگ نے پیر کے روز ٹرمپ انتظامیہ سے مطالبہ کیا ہے کہ امریکی حکومت پاکستان کو دیے جانے والے آئی ایم ایف کے ممکنہ بیل آؤٹ پیکیج کی مخالفت کرے، کیوں کہ یہ رقم چین …

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Pakistan’s GDP growth to shrink to 3.4pc this fiscal: World Bank

Pakistan’s economic growth, after reaching an 11-year high of 5.8 per cent in FY18, is expected to see a decline over the next two years, the World Bank has predicted. GDP growth will decelerate to 3.4pc in fiscal year 2018-19 and further drop to 2.7pc in FY20 as fiscal and …

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Pakistan’s GDP growth to fall behind Nepal, Maldives this year: UN

ISLAMABAD: The annual Economic and Social Survey of Asia and the Pacific 2019 titled ‘Ambitions beyond Growth’, released by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on Thursday, forecast Pakistan’s GDP to remain lowest in the region at 4.2 per cent in 2019 and …

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World Bank suspends water resource development project for Balochistan

ISLAMABAD: The World Bank on Friday suspended the Integrated Water Resources Management and Development project for Balochistan over lack of progress in management and funds disbursement.  In a statement, the WB offered to work with the Baloch­istan government over the next 30 days to restructure the scope and governance arrangements …

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Balochistan: A powder keg at a geopolitical crossroads

By: James Dorsey Balochistan should be oozing with optimism as Chinese and Saudi investment pours into the troubled Pakistani province. It is not. Instead, Balochistan, a key node in China’s Belt and Road initiative that borders Iran, is gripped by anger, fea, and uncertainty. Local residents are hardly awaiting with …

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Pakistan’s massive oil and gas discovery report to be out in April

Dubai: Pakistan will announce the discovery of massive oil and gas reserves in the next three weeks, said an official. A consortium of four leading companies led by US-based ExxonMobil, which has started drilling in ultra-deep waters offshore Karachi, is likely to submit its report by April, Pakistan’s official news …

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Balochistan to push for key changes in NFC award formula

LAHORE: As a second round of negotiations for the next National Finance Commission (NFC) award is scheduled here for next week, Balochistan has decided to push hard for significant changes in resource distribution arrangements between the Centre and the federating units as well as among the provinces in an attempt …

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گوادر ائیر پورٹ ، مسافروں کو طیارے تک پہنچانے والی بسوں اور جہازوں کو تیل تک میسر نہیں،سینٹ قائمہ کمیٹی میں انکشاف

اسلام آباد/کوئٹہ:سینیٹ قائمہ کمیٹی برائے ہوائی بازی)ایوی ایشن(کے رکن سینیٹر منظور احمد کاکڑ نے انکشاف کیا ہے کہ گوادر ملک کی معیشت کا گڑھ بننے جارہا ہے مگر گوادر ایئر پورٹ پر نہ ہی مسافروں کیلئے بسیں ہیں اور جہازوں کو تیل کیلئے بھی کہیں اور جانا پڑتا ہے گوارد …

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