Inside a former shoe factory in China's southern city of Shenzhen, the noise of hammering and stitching has long gone. In its place is something much quieter - the hum of laboratory machinery and the click of computer keyboards.But listen extra carefully and you might just pick up another sound: ...

LAHORE (PR): Senior Vice Chairman Pakistan Business Forum (Punjab Zone) Khawaja Shahzeb Akram said that government of PML (N) will work for the stability of economy. Under the dynamic directions of Mian Muhammad Nawaz Sharif and Mian Muhammad Shahbaz Sharif, Government will give special weightage ...

Greater Thal Canal, Kachhi Canal, LBOD, RBOD and Rainnee Canal are under construction and are likely to be completed according to schedule. The Akhori Dam project is in progress at a slow pace, while there is stalemate on Kalabagh Dam (KBD). There is a dire need to construct KBD immediately, while ...

ADDIS ABABA - For Bethlehem Tilahun, the answer to ending poverty in Africa is not aid or sympathy or donations from the West. It’s shoes.Specifically, building a successful shoe manufacturing business that creates jobs, empowers employees, like the one she founded — SoleRebels, the ...

ISLAMABADCaretaker Federal Minister for Information and Broadcasting Arif Nizami has said that a stable democracy and democratic institutions are vital for economic growth and peace in the country.He said the country was facing challenges like economic instability, terrorism and energy crisis and ...

Pakistan’s agriculture, which constitutes 24 percent of GDP, is flourishing due to the existence of a large canal irrigation system. The water that flows in our rivers comes out of glacier melt that is 138.4 MAF. However, the quantity is reduced to 95 MAF at canal end and further reduced at ...

Pakistan’s economy has been under a burden of loans and trade deficit. According to an estimate, the recent import payments amounted to almost $100 million and there are still other import payments lined up for the next few weeks. In early 2012, 8 million dollars payment was due to the ...

lahore - The business community, while felicitating Mian Nawaz Sahrif on landmark victory in the elections 2013 in centre as well as in Punjab, has said that the comprehensive success of PML-N has revived the hopes of depressed business community which was in deep trouble because of sever energy ...

KUALA LUMPUR : Malaysia's economy grew a solid but slower than expected 4.1pc in the first quarter as weak manufacturing and mining dragged on overall performance, according to data announced Wednesday. The numbers from the central bank came on the heels of a 2012 fourth quarter in which Southeast ...

KARACHI - Karachi Chamber of Commerce & Industry’s President Muhammad Haroon Agar has stated that industrialisation and enhancing exports are the imperative solution to uplift the economy. Exchanging views with World Bank’s Consultant on Trade and Finance Sadia Khan during her visit ...

WASHINGTON  : An IMF team is to visit Islamabad in late June to continue the policy discussions with the new govt on mitigating economic vulnerabilities in Pakistan. Answering a question at a press conference whether the Fund had offered $5 billion of aid to Pakistan and were there any ...

President‚ PML (N)‚ Mian Muhammad Nawaz Sharif has said that his government will focus on revival of the national economy.Talking to BBC, Sharif said revival of economy would help resolve extremism‚ terrorism‚ corruption‚ unemployment‚ poverty and remove the ...

HELSINKI - In the wake of mobile giant Nokia's spectacular fall, another pillar of the Finnish economy is struggling to adapt to the digital age: the paper industry.As the distribution of everything from magazines to airline tickets shifts online, major Finnish paper suppliers are scrambling to ...

lahore - Caretaker government that is responsible to clean the system has started working with a dubious character people and violation of rules and procedures. The interim set-up has turned out to be incompetent, unable to grasp the gravity of the economic situation and indifferent to what is ...

FAISALABADFaisalabad Chamber of Commerce & Industry President Mian Zahid Aslam expressed grave concern over up to 20-hour unscheduled loadshedding which has crippled industries and the people’s lives, warning that the national economy was fast heading towards the point of no return due to ...

lahore -  Widening energy demand-supply gap is posing a major challenge to Pakistan economic health, which is estimated to have curtailed GDP growth by 200bps in last few years, financial experts said.After a brief tilt toward expensive imported oil in FY11 though the reliance on indigenous ...

Loadshedding in Pakistan has now become what appears to be the country’s bane. Pakistan is facing a worst energy crisis which leaves a negative impact on the national economy as industrial, agricultural and other development sectors are left in the lurch. Thousands of workers in Pakistan have ...

LAHORE  - Acting US Consul Jeffrey N. Bakken reiterated the US Government’s continued support for Pakistan rural and dairy economy while speaking at the International Conference on Institutions, Growth and Development in Lahore. The conference is collaboration between the US Agency for ...

WASHINGTON - The IMF said it met with Pakistani officials last week, but has not yet received a request for aid from the country, which faces a critical balance of payments situation.“Pakistan faces difficult economic challenges and we urge the authorities to begin taking the necessary ...

islamabad - Adviser to Prime Minister on Finance Dr Shahid Amjad Chaudhry, on Thursday said that Pakistan’s economy is on the right track despite many geo-political problems and all the problems being faced by Pakistan’s economy will be overcome soon.Pakistan has the most liberal trade ...

The International Monetary Fund urged Pakistan's government to put more effort into stabilizing the country's struggling economy, after meetings between officials from both sides in Washington last week.IMF Pakistan Mission Chief Jeffrey Franks said the lender had not received any official request ...

islamabad - Pakistan’s economy continued to underperformed when compared with other economies of the region as it has faced significant political, economic and constitutional challenges over the past five years.According to the World Bank report, there was no improvement in the security ...

KARACHI (PR): Establishment of Export Processing Zone in Gawadar can prove instrumental in bringing substantial foreign and local investment through economic and trade activity. When fully functional, it has the potential to benefit many neighbouring and landlocked countries.  This was ...

lahore - As industry is the main engine of country’s economic growth and PML-N leadership wanted to boost industrial sector, that why traders across the country would vote for PML-N candidates to elect Mian Mohammad Nawaz Sharif as Prime Minister of the country third time.These views were ...

ATHENS -  BLOOMBERG - Cypriot President Nicos Anastasiades announced a range of tax breaks and subsidies to boost investment and save jobs after the country’s banking sector was torn apart by a financial rescue that imposed losses on depositors. The government will offer tax breaks of ...

tokyo - Japanese Prime Minister Shinzo Abe on Friday previewed the “third arrow” of a three-part economic policy aimed at boosting growth in the long-stagnant economy, promising to open the economy through free trade deals, make it easier for women to work and promote growth sectors ...

Economy, perhaps the main challenge being faced by Pakistan, continues to be managed without a Finance Minister. In fact, I was a bit amazed by the recent advice given to the Caretaker Prime Minister by his cabinet colleagues that there is no real need for appointing a Finance Minister and the ...

BEIJING (AFP) - China’s economic growth likely picked up slightly in the first quarter of this year, according to an AFP poll of analysts, but they say the rebound is fragile and key data unreliable.First-quarter gross domestic product (GDP) for the world’s second-largest economy is due ...

SWABI - It is imperative that the academia, research organisations and techno-industrial sectors should pool their resources of knowledge and experience to cope with the emerging challenges and steer the feeble economy of the country out of the crisis. This was stated by the speakers in the ...

CAIRO - The European Union’s foreign policy chief met Egyptian President Mohamed Mursi on Sunday to encourage the country’s feuding political leaders to seek a national consensus in tackling mounting economic and political problems.“This is a critical time for Egypt’s ...