washington - Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday, but will need to ensure that its sweeping austerity programme does not slip off the tracks.The IMF agreed in March to provide Cyprus with some 1 billion euros in ...

washington - Austerity or growth? Europe’s struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both.Projections unveiled this week by the Congressional Budget Office indicate the US deficit will shrink more than 40 ...

LONDON : The Bank of England forecast on Wednesday that British economy would grow faster than expected in the coming months, but stressed the weak nature of the recovery.Growth in GDP was expected to strengthen to about 0.5 percent in the second quarter of 2013, but the recovery would be uneven, ...

LONDON:-Joe Root maintained his case for inclusion in the England team to play New Zealand in the first Test at Lord's next week by scoring 179 for the second-string England Lions in a draw against the tourists at Grace Road on Sunday. Root, the Lions captain, was named Saturday in a 12-man squad ...

Istanbul - The European Bank for Reconstruction and Development cut sharply on Friday its 2013 growth outlook for countries in Eastern Europe and Central Asia, and for Russia and Egypt in particular.The EBRD slashed its January forecast of 3.1 percent growth to 2.2 percent for a broad swath of ...

Hong Kong  - Hong Kong's economy saw modest year-on-year growth in the first quarter, with demand from mainland China offsetting a weak environment in the West, officials said Friday. Gross domestic product grew by 2.8 percent both in January-March and in the preceding quarter, a government ...

Aylesbury - The Group of Seven top economies kick-started fresh talks on spurring growth Friday amid US-Europe divisions over the scale of austerity and renewed market focus on “currency wars” after the yen hit new dollar lows.The two-day G7 meeting in Aylesbury, northwest of London, is ...

sialkot - Pakistan Readymade Garments Manufacturer and Exporter Association (PRGMEA) former chairman Ijaz A Khokhar has underscored the need of setting up “Business Promotional Board” here for finding out ways and means for growth of different industrial sectors. In an interview with ...

islamabad - Large scale manufacturing posted a growth of 4.26 per cent in the first nine months of (July-March) of the year 2012-13 from a year ago.The growth in LSM was mainly driven by increase in production of food products, iron and steel products, petroleum products, paper and board, ...

lahore - The Economic officer – US Consulate Lahore, Ms. Doreen Bailey visited The Lahore Stock Exchange to seek an insight on the Capital Market of Pakistan. The MD/ CEO of The Lahore Stock Exchange, Aftab Ahmad Chaudhary along with his staff shared the structure and performance of the ...

lahore -  South Asia holds the potential to become the world’s engine of growth and emerge prosper provided it strengthens trade relations and energy linkages. Connecting regional energy resources is nowhere else as important as in South Asian region, which is home to about one third of ...

islamabad - Pakistan has missed the economic growth target for the fifth consecutive year during outgoing financial year 2012-13 that shows the result of hollow economic policies of the previous Pakistan Peoples Party (PPP) led coalition government in its five-year tenure.The National Accounts ...

karachi - Delegation of European journalists while visiting Karachi Chamber of Commerce & Industry apprised that prevailing state of affairs demands immediate economic reforms which are crucial for sustainable economic growth, industrialisation and uplift the economy.Journalists asked several ...

KARACHI : Meezan Bank Ltd has recorded 9pc growth in its profit-after-tax of 1st quarter ended 31st March 2013 which increased to Rs.982m compared to Rs. 903m earned in the corresponding period of 2012.  The Earnings per Share of the Bank increased to Rs. 0.98 (March 2012: Rs.0.90) on the ...

ISLAMABAD The percentage of the working age population has increased in Pakistan that must be viewed as an opportunity which if realized could lead to higher productivity and economic growth. However, failure to fully involve youth in the process of economic growth can not only cause loss to growth ...

karachi - The Karachi Chamber of Commerce and Industry has emphasised that the newly elected government in its first 100 days must bring economic reforms which are crucial for sustained economic growth leading to economic prosperity and development in the country.President KCCI Muhammad Haroon ...

The world economy is not growing fast enough to generate jobs for millions who have become unemployed due to the financial crisis but it is gaining strength gradually, a top IMF official said Wednesday.While global growth is seen at 3.3 percent in 2013 and four percent next year, this masks a ...

LAHORE :-Strong fiscal policies backed by long-term stability, sizeable budget for energy projects, cut in spending, tax on agri incomes, rationalization of taxes and decrease in duties on imported raw materials and increase in tax revenues are prerequisites to sustainable economic growth of the ...

KARACHI : Ambassador of the Federal Republic of Germany in Pakistan Cyrill Nunn accompanied by Dr Tilo Klinner, Consul General of Germany in Karachi, visited Karachi Stock Exchange, last week. He was welcomed by Managing Director of KSE, Nadeem Naqvi, member of the Board of Directors Abid Ali ...

lahore - salman abduhu - A group of researchers of Poultry Production Department of the University of Veterinary and Animal Sciences, Lahore has conducted a research on a new technique of broiler growing through which the broilers will be reared on different fasting periods without affecting their ...

NEW YORK : The dollar slipped back against the euro Friday, after a weaker-than-expected US first quarter growth estimate and as fears eased of military escalation over Syria’s alleged use of chemical weapons. Meanwhile, the yen pushed higher after the Bank of Japan held steady on its ...

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 ...

WASHINGTON  - The International Monetary Fund (IMF) Managing Director Christine Lagarde on Saturday urged member countries to employ effective and appropriate policies to spur growth and create jobs.“Anything that works to create jobs obviously starts with growth,” said Lagarde at ...

WASHINGTON The Group of 20 economic powers pledged “ambitious” steps Friday to spur growth and job creation to get the crisis-scarred global economy back on track.After talks in Washington that a US official said focused much on the stagnation in Europe, the financial leaders of the ...

WASHINGTON : Brazil and other Latin American countries need to realize their economic boom could be over because of cooler global demand for their minerals and farm goods, International Monetary Fund officials said on Friday.Brazil's economy grew rapidly leading up to the global financial crisis, ...

ISLAMABAD : The International Monetary Fund (IMF) has projected that Pakistan could not achieve the economic growth's target of 4.2 per cent during current financial year 2012-2013 as it would remain at 3.5 per cent.The IMF in its report "World Economic Outlook" has noted that Pakistan's real GDP ...

DHAKA- Bangladesh’s economic growth may slow to 5.8 percent in the fiscal year to June 2013, compared with the government target of 7.2 percent, the World Bank said on Saturday.“The economic growth in the fiscal year of 2013 is likely to fall to 5.8 percent compared with 6.3 percent in ...

ISLAMABAD : Mobile banking in Pakistan has witnessed a reasonable growth as the number of such accounts (M-Wallets) has reached 1.4 million by 2012, showing an increase of 156 per cent as compared to previous years. The current number of m-banking accounts is seven times higher than the numbers at ...

LONDON - Global oil prices fell on Thursday after the International Energy Agency trimmed its forecast for world energy demand growth.Brent North Sea crude for delivery in May dipped 43 cents to $105.36 per barrel in afternoon deals in London. New York’s main contract, West Texas Intermediate ...

ISLAMABAD : Sindh province is on top with 84pc mobile phone penetration followed by Punjab where such penetration touched 68.1pc mark till 2012. Other provinces have less than 50 % penetration i.e. KPK 42.2 % and Balochistan 45.9pc. The government and regulator PTA have been encouraging cellular ...