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Steps demanded to avert looming gas crisis

ISLAMABAD:      The Pakistan Economy Watch (PEW) on Monday said the crisis-like situation can emerge in the gas sector during winter which will be more serious than the last year’s crisis. A crisis can engulf the country in the biting winter as the production of local gas continues to fall, the LNG sector is riddled with inefficiency while both …

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Despite Govt best efforts the economy remains in doldrums

KARACHI:    Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said the economy is far from satisfactory despite the best efforts by the government. The economy is going down at a rapid pace while inflation has bewildered the masses, he said. Mian Zahid Hussain said that masses do not need …

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Rupee appreciates to four-month high against US dollar

KARACHI:       The Pakistani currency rose to a four-month high against the U.S. dollar by gaining another 8 paisa in the interbank market on Monday. The rupee recovered to Rs155.98 during the early trade hours and the open market is expected to follow the similar trend. According to economists, international currency rates and devaluation may have affected currency rates …

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Tourism can help overcome economic crisis: Daroo Khan

LAHORE:     President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engineer Daroo Khan Achakzai Saturday said that Pakistan can cope with ongoing economic crisis by focusing on tourism, which has a huge potential and is one of fastest growing sectors in the world. He expressed these views while congratulating Dr Kaiser Rafique, CEO, Discover Pakistan for launching first …

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PIAF warns govt of reliance on expansive commercial borrowing

Lahore:      As the government’s reliance on expansive foreign funding continued to rise, the Pakistan Industrial & Traders Association Front (PIAF) has called for generating cheap funding, which has dropped significantly. PIAF chairman Mian Nauman Kabir said that Pakistan’s external debt was primarily increasing because of the government’s inability to enhance exports and attract foreign direct investment. Asking the …

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Federal govt to finance cost of provision of gas and electricity to FIEDMC

LAHORE :    The federal government will finance the cost of provision of gas and electricity besides ensuring uninterrupted supply to all projects of Faisalabad Industrial Estate Development and Management Company (FIEDMC) including Allama Iqbal Industrial City to boost economic activities in the country. FIEDMC Chairman Mian Kashif Ashfaq while talking to a group of industrialists and investors here at …

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RCCI celebrates World Egg day

Rawalpindi:     (Parliament Times)    The Rawalpindi Chamber of Commerce and Industry (RCCI) organised a seminar on ‘Importance of Eggs for Human Health’ to celebrate the World Egg Day with an aim to create public awareness about the nutritional value and the importance of eggs for human health. Speakers in their address said eggs have a vital role to play …

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Achieving economic stability amid increasing poverty an illusion

ISLAMABAD:     The Pakistan Economy Watch (PEW) on Friday said achieving economic stability amid increasing poverty in the country is a delusion of policymakers. Reduced buying power of the masses due to increasing poverty is resulting in economic problems which are against the interests of country and people, it said. Tax measures and increased cost of energy has swept the …

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Pakistan, Spain need to enhance trade volume in various sectors

Lahore:      Spanish Ambassador Manuel Durán Giménez-Rico has said that Pakistan and Spain have been enjoying cordial relations and trade ties between the two countries are growing, but more efforts are needed to enhance bilateral trade volume in various sectors. He said that Spain gives great importance to Pakistan for its trade ties, offering equal opportunity for this country …

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