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KARACHI: The government is determined to facilitate introduction of new products in the capital market, said Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh Sabzwari. Mr Sabzwari, along with other SECP officials, had his first interaction with members of the management of Pakistan Stock Exchange (PSX) and stockbrokers on...
KARACHI: Pakistan’s economic confidence fell sharply in the final quarter of 2018 as it continues to struggle with macroeconomic imbalances, according to the Global Economic Conditions Survey (GECS). The latest edition of GECS from the Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants (IMA) through a global...
ISLAMABAD: Pakistan’s oil import bill jumped nearly 15 per cent year-on-year to $7.6 billion during 1HFY19 from $6.675bn in same period last year, Pakistan Bureau of Statistics reported on Thursday. The country’s petroleum bill is steadily on the rise despite the fall in international prices. The government has taken several...
ISLAMABAD:  As the tariff war between China and the United States has not eased, Pakistan’s textile industry is likely to get higher orders from US importers. “Owing to trade tensions between the US and China, Pakistan’s textile industry is receiving a large number of import queries from the US,” an official...
KARACHI:  The current account deficit – which remained the biggest challenge for Pakistan over the past more than two years – again sparked concern as it widened 37% to $1.66 billion in December 2018, according to figures released by the State Bank of Pakistan (SBP) on Thursday. The notably high deficit...
KARACHI:  China has expressed keen interest in importing Pakistani potatoes at a time when farmers are facing a crisis due to low prices and demanding subsidy to continue to produce the crop. “China seems to be keen to buy Pakistani potato, which is vastly encouraging,” said a statement released by the...
ISLAMABAD:  In a meeting with Prime Minister Imran Khan, an executive team of US-based Cargill – the provider of food, agriculture and industrial products – announced plans to invest over $200 million in Pakistan over the next three to five years. The company’s future investment strategy includes expansion across its agricultural...
ISLAMABAD:   The finance ministry is eyeing a negligible current account deficit at the end of the Pakistan Tehreek-e-Insaf (PTI) government’s term, which will require a 100% increase in the existing savings rate – an assumption that appears highly unrealistic. The Ministry of Finance discussed on Thursday its macroeconomic projections with...
KARACHI: Pakistan’s textile and clothing exports recorded a meagre 0.68 percent year-on-year surge to $1.139 billion in December 2018, taking the six-month (July-December FY19) exports to $6.645 billion up 0.06 percent, as rupee devaluation failed to push exports in the absence of utilities for the industry. Pakistan Apparel Forum (PAF)...
ISLAMABAD: Prime Minister Imran Khan has constituted an eight-member ministerial committee to negotiate a long-term Strategic Economic Framework (SEF) arrangement with Turkey. This comes as a follow-up of the prime minister’s recent visit to Turkey during which the two countries had agreed to putting in place a framework to enhance...

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ECONOMIC

Economic reforms: Part-XXXXIII

The 1990 NFC made another curious recommendation, which was not part of its original TORs, but based on a reference made by the Council...