PM Imran Khan announces ambitious construction package

Prime Minister Imran Khan on Friday announced an incentive package for the construction industry, including subsidy on five and 10 marla houses, allocation of 5 percent banks’ finance for house-building and a one-window operation to facilitate builders. He said for the construction of affordable houses for middle and lower classes under the Naya Pakistan Housing… Continue reading PM Imran Khan announces ambitious construction package

Pakistan prepares drones for agriculture: Fawad Ch

Federal Minister for Science and Technology Fawad Chaudhry on Tuesday announced that Pakistan has prepared drones for the agriculture sector. The drones will be used in the fight against locusts. In a post on the social-networking website Twitter, the minister said that the drones can spray 16-liter pesticide in 18 minutes and can also identify… Continue reading Pakistan prepares drones for agriculture: Fawad Ch

IMF predicts Middle East economy to nosedive

The IMF Monday again sharply lowered its Middle East and North Africa economic forecast, to its lowest level in 50 years, over the “twin shock” of the coronavirus pandemic and low oil prices. The region’s economy will contract by 5.7 percent this year, and shrink by as much as 13 percent in countries torn by… Continue reading IMF predicts Middle East economy to nosedive

Currency starts growing from trees in US town during COVID-19

Tenino had become a ghost town, and small businesses were struggling to survive amid the coronavirus pandemic, so local officials revived an unconventional idea from the last century: printing the town’s own currency on thin planks of wood. “There was no trading, no selling and the city streets were dead. They looked the same at… Continue reading Currency starts growing from trees in US town during COVID-19

Iran refuses to shut down economy despite accelerating pandemic

Iran said on Saturday that it cannot afford to shut down its sanctions-hit economy, even as the Middle East’s deadliest coronavirus outbreak worsens with record-high death tolls and rising infections. Iran must continue “economic, social and cultural activities while observing health protocols”, President Hassan Rouhani said during a televised virus taskforce meeting. Iran refuses to… Continue reading Iran refuses to shut down economy despite accelerating pandemic

IMF warns against cutting spending: it may derail recovery

As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the highest in history, but the IMF warned Friday that cutting back too soon could undermine the recovery. Too soon to cut public spending, IMF warns http://bit.ly/bFdYdL — Guardian politics (@GdnPolitics) February 23, 2010 Continuing to… Continue reading IMF warns against cutting spending: it may derail recovery

DG Khan Wins Export Order: bright light for cement industry in Pakistan?

Finally, a bright light appeared on the cement sector’s horizon as DG Khan Cement Company Limited (DGKCC), one of Pakistan’s largest cement manufacturers won orders for cement export to the Philippines. This gives a much-needed boost to Pakistan’s exports, which have declined by over 6.8 percent during 2019-20, due to the economic slowdown which has… Continue reading DG Khan Wins Export Order: bright light for cement industry in Pakistan?

Applying the truth meter to Imran Khan on COVID-19 statements

The political opposition and a fair section of the Pakistani public believe Prime Minister Imran Khan’s periodic proclamations on the ongoing Covid-19 pandemic are chaotic, full of contradictions and false. In their opinion, it betrays a complete lack of understanding of the immense danger Coronavirus poses to the country. How accurate is this view? A… Continue reading Applying the truth meter to Imran Khan on COVID-19 statements

Another milestone for JS Bank as deposits reach monumental $2.3 Bn mark

JS Bank, one of the fastest-growing financial institutions in Pakistan, recorded another milestone with its deposit base reaching the Rs 400 billion (approx. USD 2.3 Billion) mark. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. JS Bank reaches the Rs 400 Billion deposit milestone. We are… Continue reading Another milestone for JS Bank as deposits reach monumental $2.3 Bn mark

40% increase in Tesla stock price is driven by growth in China

Shares of Tesla Inc. charged higher to a fourth-straight record close Monday after even the most bearish analyst on Wall Street analyst lifted his price target following the electric vehicle maker’s blowout deliveries results. The gain adds to a huge run-up in the electric-car maker’s stock recently. Shares are up 218% year to date and… Continue reading 40% increase in Tesla stock price is driven by growth in China