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  • ECO urges members to boost regional trade volume, connectivity

    December 12, 2017 12:00 AM 3

    ISLAMABAD: Economic Coordination Organisation (ECO) Secretary General Halil Ibrahim Akca on Monday called upon the ECO member states to increase their joint efforts for increasing the intra-regional trade by twofold. “ECO Vision 2025 has stipulated to double the intra-regional trade for which we need to at least re-double the efforts,” he said, while

  • Strong US job growth in November bolsters economy’s outlook

    December 10, 2017 12:00 AM 2

    WASHINGTON: U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate. Nonfarm payrolls rose by 228,000 jobs last month amid broad gains in hiring as the distortions from the recent

  • CIMRAD organises book launch at Lahore School of Economics

    December 9, 2017 12:00 AM 3

    LAHORE: Center on International Migration, Remittances, and Diaspora (CIMRAD) organized a Book launch ‘The Pakistani Diaspora: Corridors of Opportunity and Uncertainty’ at the Lahore School of Economics.The key guest speakers were Dr. Shahid Amjad Chaudhry (Rector, Lahore School of Economics), Dr. Rashid Amjad (Professor of Economics, and Director of Center

  • SPI inflation decreases by 0.13 percent

    December 9, 2017 12:00 AM 2

    ISLAMABAD: The Sensitive Price Indicator (SPI) inflation for the week ended on December 7, decreased by 0.13 percent as compared to the previous week for the combined income groups. The SPI for the week under review in the combined income group was recorded at 224.89 points against 225.91 points last week, according to the latest data released by the Pakistan

  • Govt approves five uplift projects

    December 8, 2017 12:00 AM 3

    LAHORE: The government has granted approval to five new SME development projects proposed by the Small and Medium Enterprises Development Authority (Smeda) under the public sector development programme 2017/18, which will cost around Rs3.2 billion, a statement said on Thursday. Addressing a meeting at Smeda head office, Chief Executive Officer Sher Ayub Khan expressed

  • Faysal Bank, Jubilee Life sign deal

    December 8, 2017 12:00 AM 5

    Faysal Bank, Jubilee Life sign deal KARACHI: Faysal Bank Limited (FBL) has signed a BancaTakaful distribution agreement with Jubilee Life Insurance for sales of their Shariah-compliant insurance products through its distribution channels, a statement said on Thursday. Faysal Bank through this partnership will further enhance its wealth management takaful

  • Meezan launches e-Dividend service

    December 8, 2017 12:00 AM 3

    Meezan launches e-Dividend service KARACHI: Meezan Bank has become the first Islamic bank in the country’s banking sector to process dividend payments electronically (e-Dividend), a statement said on Thursday. The service was provided to the bank’s corporate clients Nishat Chunian Power Limited and Nishat (Chunian) Limited and their shareholder’s both Meezan

  • Malaysian export growth above forecast

    December 7, 2017 12:00 AM 2

    KUALA LUMPUR: Malaysia´s October exports rose 18.9 percent from a year earlier, snapping a two-month streak of slowing annual growth on the back of higher demand for manufactured and mining goods. Export growth was above the 18.5 percent rise forecast by a Reuters poll, and up from September´ 14.8 percent growth. Malaysia has seen double-digit growth

  • German industrial orders jump

    December 7, 2017 12:00 AM 2

    Frankfurt: Industrial firms in Germany beat analysts´ expectations by reporting slightly increased orders in October, official data showed Wednesday, suggesting a run of strong growth has further to go before petering out. New contracts -- seen as an indicator of future growth in Europe´s largest economy -- added 0.5 percent month-on-month, figures from federal

  • Work on power projects going apace

    December 7, 2017 12:00 AM 2

    ISLAMABAD: Work on power projects under the China-Pakistan Economic Corridor (CPEC) is going on smoothly and most of the projects are going ahead of schedule. According to official documents, work on 1,320MW coal-fired plant at Port Qasim Karachi is two months ahead of schedule. The scheduled commercial operation date (COD) for the $1.98 billion project