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FTA with China causing massive losses

Lahore : The Businessmen Panel of the FPCCI on Thursday said Free Trade Agreement (FTA) with China is against the interests of Pakistan which is causing massive losses to our limping economy. The trade deal was tilted towards China from the very beginning and all the attempts to make it balanced failed ... Read More »

Rupee emerged as worst performer on global index

Lahore : The recently-adopted exchange rate policy is imperfect at best which has started malfunctioning resulting in economic losses and increased uncertainty among masses and the business community, a business leader said Wednesday. The should be a limit to the erosion in the exchange rate so that masses can be ... Read More »

Economic development is the foremost agenda of government : Rana Arshad

Lahore : Special Advisor to Chief Minister, Rana Muhammad Arshad has said that economic development is the foremost agenda of present government. He stated this while addressing at International Insurance Conference, here today. Chairman LII Muhammad Hashim, CEO United Insurance/Chairman IAP Muhammad Rahat Sadiq, CEO Alfalah Insurance Nasar-us-Samad Qureshi, CEO ... Read More »

Govt announces competitive bidding for power generation

Lahore : The government on Wednesday announced to award contracts for power generation through renewable energy resources under a transparent competitive bidding process, ending upfront tariff policies. “Competitive bidding for award of generating 400 megawatt wind electricity and 600 MW solar power will be held after a period of eight weeks,” ... Read More »

Rupee should not be weakened for exporters : Ghiyas Paracha

Lahore : Ghiyas Abdullah Paracha, Central Leader All Pakistan CNG Association (APCNGA) on Monday said bringing down the value of rupee against the US dollar will hike the price of petrol and gas, the largest import item. The flight of dollar will increase poverty and jack up the cost of ... Read More »

IMF monitoring will boost the confidence of investors

Lahore : The United Business Group lauded the government for the successful auction of bonds worth 2.5 billion dollars without being under IMF programme. The successful move speaks volumes about the increasing confidence of the foreign investors in the Pakistani economy, it said. The decision of the government to allow ... Read More »

CPEC opens new horizon of development to the world : Ahsan Iqbal 

Lahore : Federal Interior Minister Ahsan Iqbal said on Monday that China-Pakistan Economic Corridor (CPEC) was opening up new horizon of development to the world. He said, “It is a matter of great pleasure that massive investments under CPEC is further strengthening Pak-China friendship, which is sweeter than honey, higher than Himalaya and deeper ... Read More »

Pakistan auctions Sukuk, Euro Bonds worth $2.5 bn

Lahore : Pakistan has successfully executed US $ 1.0 billion five years Sukuk and US $ 1.5 billion ten years Eurobond transactions at a profit rate of 5.625 per cent and 6.875 per cent respectively. The order book for Pakistan’s sovereign papers was over US $8 billion, however, the Government ... Read More »

Power distribution companies to upgrade their networks : PM Shahid Khaqan Abbasi

Lahore : Prime Minister Shahid Khaqan Abbasi on Tuesday directed all power distribution companies (DISCOs) to maintain and upgrade their distribution networks so that increase in production capacity in the sector is translated into uninterrupted power supply and convenience of the public. Chairing a meeting on power and energy at Prime ... Read More »

PASSCO will sale 500,000 tons of surplus wheat

Lahore : The Economic Coordination Committee of the Cabinet (ECC) in its meeting held here at the PM’s Office on Tuesday with Prime Minister Shahid Khaqan Abbasi in chair allowed the export of 1.5 million metric tons of sugar in view of the commodity’s surplus availability. The ECC allowed the ... Read More »

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