The completely happy results of that is that unemployment, although rising, peaks at a a lot decrease degree than earlier expectations, simply over 6%, relatively than, say, 10%. This is a consequence of each the vaccine rollout and the assist bundle, resulting in a reopening of the financial system over summer season. Source
Tag: economy
FIEDMC economic zones advancing PM’s vision, Asad Umar
While talking to Chairman CPEC Authority Lieutenant General Asim Saleem Bajwa (retd) in a meeting at FIEDMC Head Office, Federal Minister for Planning, Development and Special Initiatives Asad Umar said that FIEDMC economic zones are advancing Prime Minister Imran Khan’s vision for economic development. Chairman FIEDMC Mian Kashif Ashfaq, Members of Assembly Farrukh Habib, Faizullah… Continue reading FIEDMC economic zones advancing PM’s vision, Asad Umar
Pakistan might resume cotton import from India
Pakistan might allow cotton import from India through land route as the prospects of gradual restoration of bilateral trade ties with India have increased after a deal to maintain peace at Line of Control. Adviser to the Prime Minister on Commerce Abdul Razak Dawood had rejected the possibility of importing cotton from India to tackle… Continue reading Pakistan might resume cotton import from India
Pak, Sri Lanka to resume trade talks
Pakistan and Sri Lanka have agreed to reactivate the Joint Working Group (JWG) for redressal of technical issues pending between the two trading partners, the Ministry of Commerce (MoC) said on Saturday. The trading partners reached an understanding during the seventh session of commerce secretaries. The virtual meeting was held between Democratic Socialist Republic of… Continue reading Pak, Sri Lanka to resume trade talks
CPEC’s western route alignment near completion
Maintaining quality performance, The National Logistics Cell (NLC) is giving final touches to one of the most significant component of the China-Pakistan Economic Corridor’s (CPEC) western route alignment as more than 95 percent of work gets completed. The 285-kilometers long Hakla–Dera Ismail Khan Motorway project has been divided into five different packages which were awarded… Continue reading CPEC’s western route alignment near completion
Mari Petroleum’s profit jumps to Rs7.33b
Owing to a notable decline in other expenses and a modest rise in revenue, Mari Petroleum’s profit rose up from 0.68% to Rs7.33 billion in the quarter ended December 31, 2020. Mari Petroleum is an integrated exploration and production company, currently managing and operating Pakistan’s largest gas reservoir (in terms of remaining reserves) at Mari… Continue reading Mari Petroleum’s profit jumps to Rs7.33b
PM Khan proposes 5-point agenda to eliminate world poverty, hunger
“We will perish or survive together”, said PM Khan while addressing the inaugural session International Fund for Agricultural Development (IFAD) held in Rome, Italy. To combat the global economic shocks set off by the Covid-19 pandemic, an effective global strategy needs to be formulated, he added. While virtually delivering a keynote address at the governing… Continue reading PM Khan proposes 5-point agenda to eliminate world poverty, hunger
Model economic zone to be set up under CPEC
In the second meeting of the Cabinet Committee on CPEC Projects held at the Planning and Development Board, Punjab Finance Minister, Makhdoom Hashim Jawan Bakht announced that a model economic zone would be set up to hold the interests of the overseas Pakistani and Chinese investors. The attendees of the meeting included Chairman CPEC Authority… Continue reading Model economic zone to be set up under CPEC
IMF to resume Pakistan’s stalled $6bn loan program
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement to resume funding under the IMF Extended Fund Facility (EFF). An IMF team led by Ernesto Ramirez Rigo, concluded virtual discussions with the Pakistani authorities and reached an agreement to club four pending reviews and then make a request for release of $500… Continue reading IMF to resume Pakistan’s stalled $6bn loan program
WAPDA workers protest against privatization of DISCOs
Employees of WAPDA along with hundreds of workers of other DISCOs and hydroelectric entities across Pakistan stormed into Islamabad on Monday and staged a sit-in at Express Chowk over the proposed privatization of WAPDA. Motorcades, comprising 100 to 150 vehicles reached National Press Club from Rawat and Motorway, transporting the employees’ unions of WAPDA to… Continue reading WAPDA workers protest against privatization of DISCOs