Economy

ISLAMABAD: World Bank and International Monetary Fund (IMF) have urged its bilateral creditors to suspend debt payments from the International Development Association countries to help them combat the COVID-19 pandemic. Pakistan being part…
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REUTERS: Amazon on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their needs during the coronavirus outbreak.…
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(Reuters) - Bars, restaurants, theaters and movie houses in New York and Los Angeles were ordered to shut down and several nations in South and Central America closed their borders in the latest moves around the world to combat the spread…
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REUTERS: Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s decision to declare the coronavirus outbreak…
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The Wheat Review Committee said that it would recommend the Economic Coordination Committee to increase Minimum Support Price (MSP) of wheat crop 2019-20 from Rs. 1365 /- per 40 kg at Rs. 1400 per 40 kg. The meet chaired by Federal…
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ISLAMABAD: Prime Minister Imran Khan on Thursday urged his ministers to speed up the privatization process and achieve it with better inter-ministerial cooperation, reported The News.  According to the report, in a meeting presided over by…
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APP: Governor State Bank of Pakistan Reza Baqir said Monday that Pakistan's economy was in a much better state compared to the past as it the country's exchange rate and foreign reserves were rising instead of falling. Addressing as a…
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Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh has said the outlook for the economy is strong and pick up in exports and remittances are supporting growth momentum. “In December 2019, the large scale…
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ISLAMABAD: British High Commissioner Dr. Christian Turner called upon Federal Minister for Planning, Development & Special Initiatives Asad Umar on Monday and discussed bilateral trade ties. Both the sides affirmed the resolve to…
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The exports of IT and IT-enabled services (ITes) have surged to US $550.503 million at a growth rate of 24.71 % during the first six months of FY 2019-20 (July-December), in comparison to US $441.435 million during same period in FY…
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LAYYAH: Prime Minister Imran Khan on Friday launched the Ehsaas Amdan Programme in Layyah, promising the country that bad times were over. Addressing the launching ceremony, PM Imran said that difficult times had gone and though Pakistan…
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ISLAMABAD: Chinese ambassador in Islamabad Yao Jing called on Planning Minister Asad Umar on Friday and discussed various proposals to enhance cooperation. Secretary Planning and other senior officials were also present in the meeting.…
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ISLAMABAD: Japan International Cooperation Agency (JICA) President Shinichi Kitaoka called on the Foreign Minister Shah Mahmood Qureshi on Thursday. He briefed the FM on JICA’s economic and technical assistance to Pakistan in important…
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BY REUTERS: The head of a leading hospital in China’s central city of Wuhan, the epicenter of the coronavirus outbreak, died of the disease on Tuesday as Apple Inc warned its sales would suffer because of the epidemic, casting a chill on…
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The International Monetary Fund (IMF) mission that visited Pakistan to review the government's performance on Friday concluded that Pakistan made "considerable progress" over the past couple of months and that "economic activity remains…
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