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1-10 results from 1000 for query «growth»

July 13, 2018 12:00 AM Bank of Korea holds rates

SEOUL: South Korea´s central bank held its base rate steady on Thursday, as expected, but one board member´s dissenting vote may have raised the odds of a rate hike in coming months as major peers tighten monetary policy. A downturn in South Korea´s labour market and feeble price growth have added to policymakers´ concerns over the extent of recovery

July 13, 2018 12:00 AM PTCL, PSEB ink agreement

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed a strategic agreement with Pakistan Software Export Board (PSEB) for the provision of Cloud-based services, a statement said on Thursday. Adil Rashid, chief business services officer, PTCL, and Shaukat Ali, CTO, PSEB, signed the agreement, it added. PTCL will offer cloud-based solutions

July 13, 2018 12:00 AM SECP confirms PIF, PGF conversion into open-end funds

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund (PIF) and PICIC Growth Fund (PGF), being managed by HBL AMC into open-end funds, an announcement said on Thursday. The corporate sector regulator in a statement said it managed to bring this longstanding issue to a successful conclusion

July 12, 2018 12:59 AM Trade gap hits record $37.7bn

ISLAMABAD: Pakistan’s trade deficit widened to an all-time high of $37.7 billion in the outgoing fiscal year, contributing to the rising current account deficit of the country. The deficit soared almost 16 per cent during the 2017-18, posing a serious challenge for the government to control the menace of rising current account deficit, according to official 1

July 12, 2018 12:00 AM Auto sales surge 21pc to 258,632 units in FY2018

KARACHI: Auto sales surged 21 percent to 258,632 units during the last fiscal year of 2017/18 as low-cost financing boosted demand of cars, light commercial vehicles, vans and jeeps, brokerage reported on Wednesday. Brokerages, citing industry data, said auto sales stood at 213,118 units during the previous fiscal year of 2016/17. Daniyal Adil, an analyst 7

July 11, 2018 12:39 PM China rejects Pakistan’s debt risk affects CPEC

BEIJING: China has rejected the reports that Pakistan’s foreign exchanges reserves are in short and would affect China-Pakistan Economic Corridor, which is the flagship project of Belt and Road Initiative proposed by Chinese President Xi Jinping in 2013. Chinese Foreign Ministry spokesperson Hua Chunying said on Wednesday, The Western media reports that Pakistan's 4

July 11, 2018 2:08 AM Iran-Pakistan gas project to be pursued: Mandviwalla

ISLAMABAD: Acting Chairman of the Senate Saleem Mandviwalla said on Tuesday that Pakistan was keen to see rapid progress on the Iran-Pakistan gas pipeline project and the government would pursue the project as it was in the interest of the country. He expressed the hope that the project would soon see the light of day. Talking to Ambassador of Iran Mehdi

July 10, 2018 12:00 AM Amazon to bring 1,700 jobs to Italy

Milan: Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced Monday, bringing its number of employees working in the country´s groaning economy to 5,200. In a statement Amazon said that the new positions would be permanent hires and open to "people with all levels of experience, training and skills, from software

July 8, 2018 12:00 AM Punjab minister donates Rs20m for Multan agri varsity

MULTAN: The caretaker Punjab Minister for Food and Agriculture Sardar Tanveer Ilyas Khan has announced a donation of Rs20 million from his own pocket for the Multan Agriculture University. The caretaker minister who himself is a leading businessman of the country made the announcement during his visit to the university, says a press release. Sardar Tanveer

July 8, 2018 12:00 AM Placing Pakistan on grey list not to affect economy: Pak envoy

WASHINGTON: Pakistan Ambassador to US Ali Jahangir Siddiqui has said inclusion of Pakistan in grey list will make no difference for national economy hoping Pakistan will come out of grey list within 15 months. Placement of Pakistan in grey list of Paris based Financial Action Task Force (FATF) will make no difference on national economy. It is expected