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Soaring trade deficit devouring economic reforms: PIAF

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has warned federal government against incessant surge in trade deficit in the ongoing fiscal year. Sheikh stated that trade deficit, in first ten months of fiscal year 2016-17, had widened by as much as 40pc whereas he termed …

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Occupancy rates rise, but hotels differ on CPEC-related business

KARACHI: Hotel occupancy rates are rising in Pakistan due to better law and order and increase in economic activity, especially related to China-Pakistan Economic Corridor (CPEC). However, hotels in different cities offer divergent views on business generated by CPEC-related activity. Hotels in Karachi are witnessing comparatively higher number of Chinese …

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