Karachi, December 30, 2019: The government is doing much better than the International Monetary Fund projection with respect to most of the macroeconomic indicators including inflation rate which is expected to come down to around 5 percent in the medium term, spokesman of ministry of finance said. With regard to inflation outlook, IMF has lowered…
Beijing, December 30, 2019: With the construction of the China-Pakistan Economic Corridor (CPEC) and Pakistan’s domestic economic growth, the trade volume surged this year at a major border port between China and Pakistan. Cargo import and export reached 66,600 tonnes in the first 11 months at Khunjerab Pass in northwest China’s Xinjiang Uygur Autonomous Region,…
Karachi, December 30, 2019: Special Assistant to the Prime Minister on Accountability Mirza Shahzad Akbar Sunday said the Opposition was criticizing the recently promulgated National Accountability (Second Amendment) Ordinance, 2019 without reading it. Brushing aside the Opposition’s impression that the promulgation of the Ordinance has stopped the accountability process, Shahzad Akbar, flanked by Minister for…
Beijing, December 28, 2019: China’s Sichuan Publishing Group presented 200 sets of King Gesar, an epic story of the East, to Pakistan as a token of the deep-rooted historical cultural ties between the two countries at a ceremony held at Tsinghua University. Pakistan Ambassador to China, Naghmana A. Hashmi, chief guest of the event said…
Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…