economy
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Significance of consultancy sector for economy | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: This article is an attempt to share the observations made so far during my new career of business consultancy adopted a few years ago. Right from the start what perturbs me the most is a preponderant tendency of many in the market to try to utilise the services of a consultant free…
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Recession scare for US economy | The Express Tribune
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[ad_1] KARACHI: A recession scare is enveloping the topsy-turvy economy of the US as warning signs appear about its economic outlook in conjunction with the employment data. The global economy’s great engine is faltering and sputtering gradually. Data released by the US Department of Labour on August 21 showed that from April 2023 to March…
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Low-cost electricity essential for stable economy: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif speaking to the chairmen and the members of the boards of electricity distribution companies (DISCOs) who called on him on August 13, 2024. — PID ISLAMABAD: Prime Minister Shehbaz Sharif has said that his government is solely focused on providing relief to inflation-hit people by reducing the sky-high electricity tariffs…
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Soaring stocks, collapsing economy | The Express Tribune
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[ad_1] KARACHI: Pakistan’s stock market is soaring and it just recently crossed a record high. This would normally be good news were it not for the fact that as the stock market soars the real economy is in freefall. There is near unbearable inflation and unemployment, interest rates are at record highs, the poor are…
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Economy improves as indicators stay positive
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[ad_1] A representational image of a man working in a textile factory. — AFP/File ISLAMABAD: Pakistan’s key economic indicators have been showcasing stability in the real, fiscal, and external sectors as the country is heading towards the end of FY2024, the Ministry of Finance said in its latest report on Wednesday. The report titled ‘Monthly…
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UN projects Pakistan’s economy to grow by 2% in 2024 | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth,” with its Gross Domestic Product (GDP) projected to expand by 2 per cent in 2024, according to a United Nations report. Noting that Pakistan had entered into a Stand-by Arrangement with the International Monetary Fund (IMF) worth $3 billion, the…
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Govt promoting interest-free economy, Islamic banking in line with FSC verdict: FinMin
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[ad_1] A representational image showing a man counting rupee notes. — AFP/File The federal government is promoting an interest-free economy and establishing Islamic banking branches across the country in line with the Federal Shariat Court’s (FSC) verdict for getting rid of interest-based system, said Federal Minister for Finance and Revenue Muhammad Aurangzeb. The domestic economy…
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‘Taxation reforms’ key to sustainable economy | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday said the government is committed to economic reform in an effort to ensure sustainable economic development in the country. The minister spoke at the JP Morgan Seminar on Pakistan’s Economic Policy Outlook. Read more: Waterways revolution: a green, blue future economy He outlined three important reform areas of…
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FinMin Aurangzeb fills in PM Shehbaz on state of economy ahead of IMF talks
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[ad_1] Finance Minister Muhammad Aurangzeb (left) meets Prime Minister Shehbaz Sharif on April 12, 2024. — APP Finance Minister Muhammad Aurangzeb on Friday met Prime Minister Shehbaz Sharif and briefed him about his scheduled meetings with the officials of the International Monetary Fund (IMF), World Bank (WB), and other institutions during his upcoming visit to…
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Federal Reserve’s Jerome Powell rules out recession in US economy
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[ad_1] American economy evades recession despite earlier predictions. — Bloomberg/File Jerome Powell, the chair of the Federal Reserve, ruled out the possibility of a recession in the economy of the United States in the near future, saying that there is no reason to believe it. Addressing a conference in San Francisco, Powell said, “Growth is…
