Economy
Annual Plan predicts 4 percent growth in upcoming Fiscal Year
Islamabad, June 11, 2019:The Gross Domestic Product (GDP) is expected to pick up and grow at 4 percent during the upcoming fiscal year 2019-20, with contribution of 3.5 percent from agriculture, 2.3 percent from Industry and 4.8 percent from services sector, according to Annual Plan 2019-20 released by the government here Tuesday. According to the…
Telecom Sector Invests Over $200 million in FY19
Karachi, June 11, 2019: Telecom sector’s contribution is pivotal in the economy as the operators have invested a significant amount of US$ 200.1 million during July to March of the closing financial year 2018-19, according to Pakistan Economic Survey for the year 2018-19. The main driver behind this investment is the cellular mobile sector, which…
Pakistan Stock closes lower before Eid
Karachi, June 3, 2019: Last trading session before Eid and Budget ended negative for the course. Although clarity on EMOF and SEF was given by ECC last week, investors’ seemed concerned over Budget, which is likely to adopt tough budgetary measures to bring fiscal discipline. Besides, rapidly falling international crude prices brought selling pressure in the…
PM seeks business community role for economic development
Islamabad, June 2, 2019: Prime Minister Imran Khan Sunday urged the business community of Pakistan to play their effective role for country’s economic development. In a meeting with a delegation of the renowned industrialists and businessmen, the prime minister said the government was making all-out efforts to facilitate the business community. The meeting was attended…
Rs 578.8 bln released for development projects under PSDP
Islamabad, May 26, 2019: The federal government has so far released 86% or Rs 578.8 billion out of the total allocation of Rs 675 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new social sector uplift projects. Under its development program, the government has released an amount of Rs 22.9…