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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-21
UBL Funds announces launch of Al-Ameen Islamic Active Allocation Plan-V

UBL Funds announces launch of Al-Ameen Islamic Active Allocation Plan-V

UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan-V, under the Al-Ameen Islamic Financial Planning Fund. This plan is now open for subscription. The investment policy of Al-Ameen Islamic Active Alloc
Published 21 Jun, 2016 12:00am
Budget 2016-17: PBA accuses FBR of overlooking recommendations

Budget 2016-17: PBA accuses FBR of overlooking recommendations

Pakistan Banks' Association (PBA) has expressed its disappointment that the Federal Board of Revenue (FBR) has overlooked its recommendations for the Federal Budget 2016-17 for the banking sector despite the fact that this sector cumulatively pays amongst
Published 21 Jun, 2016 12:00am
Hajj quota for private operators released

Hajj quota for private operators released

The stalemate between Ministry of Religious Affairs and Interfaith Harmony (MRA&IH) and Hajj Group Organisers (HGOs) is finally over as the former has released Hajj quota-2016 to all 742 HGOs. According to MRA&IH officials, the impasse between the ministr
Published 21 Jun, 2016 12:00am
Hajj quota for private operators released

Hajj quota for private operators released

The stalemate between Ministry of Religious Affairs and Interfaith Harmony (MRA&IH) and Hajj Group Organisers (HGOs) is finally over as the former has released Hajj quota-2016 to all 742 HGOs. According to MRA&IH officials, the impasse between the ministr
Published 21 Jun, 2016 12:00am
Meezan Bank partners with Karandaaz Pakistan, Millat Tractors

Meezan Bank partners with Karandaaz Pakistan, Millat Tractors

Meezan Bank recently signed a corporate partnership agreement with Karandaaz Pakistan and Millat Tractors Ltd (Millat) to help provide financial access to small and mid-size automotive part vendors in the country. This tripartite partnership is part of th
Published 21 Jun, 2016 12:00am
Organic chemistry: Pakistani scientist compiles first-ever 'Video Book'

Organic chemistry: Pakistani scientist compiles first-ever 'Video Book'

Professor Dr Atta-ur-Rahman a former federal minister and also former Chairman of Higher Education Commission (HEC), has compiled a first-ever "Video Book" on organic chemistry in Pakistan without using any text. The video book will be distributed free of
Published 21 Jun, 2016 12:00am
Assets of IBI reach Rs 1.625 trillion in Q1

Assets of IBI reach Rs 1.625 trillion in Q1

Assets of Islamic banking industry (IBI) continued to grow and reached Rs 1.625 trillion at the end of the first quarter of the current calendar year. According to State Bank of Pakistan (SBP), the market share of IBI's assets in overall banking industry
Published 21 Jun, 2016 12:00am
PACRA maintains entity, TFC ratings of Soneri Bank

PACRA maintains entity, TFC ratings of Soneri Bank

The Pakistan Credit Rating Agency Limited ("PACRA") has maintained the long-term and short-term entity ratings of Soneri Bank Limited at "AA-" (Double AA minus) and "A1+"(Single A one plus) respectively. These ratings denote a very strong capacity of time
Published 21 Jun, 2016 12:00am
PACRA maintains entity, TFC ratings of Soneri Bank

PACRA maintains entity, TFC ratings of Soneri Bank

The Pakistan Credit Rating Agency Limited ("PACRA") has maintained the long-term and short-term entity ratings of Soneri Bank Limited at "AA-" (Double AA minus) and "A1+"(Single A one plus) respectively. These ratings denote a very strong capacity of time
Published 21 Jun, 2016 12:00am
Eight terrorists killed in Balochistan

Eight terrorists killed in Balochistan

Security forces killed eight terrorists of banned BLF outfit and recovered arms cache from their possession during search operation in district Mashkay of Awaran in Balochistan province. According to security sources the operation started on information a
Published 21 Jun, 2016 12:00am
APTMA chief opposes cotton export to India
Cotton

APTMA chief opposes cotton export to India

All Pakistan Textile Mills Association (APTMA) strongly opposed the export of cotton from Pakistan to India and said that it is the last nail on the coffin of the ailing textile industry. In a statement issued to the press Chairman APTMA, Tariq Saud said
Published 21 Jun, 2016 12:00am
Compensation for affectees: SHC issues arrest warrant of LER Director

Compensation for affectees: SHC issues arrest warrant of LER Director

Sindh High Court on Monday issued a warrant for the arrest of Project Director Lyari Expressway Re-settlement as he failed to appear before the SHC in the affectees compensation case. The SHC bench, headed by Justice Nadeem Akhter, was hearing the plea fi
Published 21 Jun, 2016 12:00am
Senate body for establishing anti-drug laboratories in provinces

Senate body for establishing anti-drug laboratories in provinces

Senate Standing Committee on Interior on Monday emphasised that anti-narcotics laboratories must be established in all provinces to curb drug usage and bring to book those involved in this heinous business. Narcotics Division has revised a PC-1 to establi
Published 21 Jun, 2016 12:00am
SEED Ventures, SEA Scotland sign MoU

SEED Ventures, SEA Scotland sign MoU

A Memorandum of Understanding (MoU) was signed between SEED Ventures and Social Enterprise Academy (SEA), Scotland, to develop the international social franchise of the Social Enterprise Academy for Pakistan. The partnership between the two entities with
Published 21 Jun, 2016 12:00am
Public sector: power defaulters asked to pay off arrears

Public sector: power defaulters asked to pay off arrears

Board of Directors (BoD) of the Peshawar Electricity Supply Company (Pesco) has asked the government departments to clear their outstanding arrears by June 30, 2016 otherwise late payment surcharge will applied against them. The offer was made in 108th me
Published 21 Jun, 2016 12:00am
Chinese CG meets Shahbaz

Chinese CG meets Shahbaz

Chinese Consul General Yu Boren met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Monday and discussed matters of mutual interest, promotion of Pak-China relations and cooperation in different sectors besides CPEC projects. The Chinese Consul Gen
Published 21 Jun, 2016 12:00am
Micro credit in Q1: number of borrowers hits record four million mark

Micro credit in Q1: number of borrowers hits record four million mark

The first quarter of 2016 witnessed an upward trend in micro credit outreach with active borrowers reaching an all-time high of four million and the Gross Loan Portfolio (GLP) of the sector crossing the landmark figure of Rs 100 billion. According to the
Published 21 Jun, 2016 12:00am
Micro credit in Q1: number of borrowers hits record four million mark

Micro credit in Q1: number of borrowers hits record four million mark

The first quarter of 2016 witnessed an upward trend in micro credit outreach with active borrowers reaching an all-time high of four million and the Gross Loan Portfolio (GLP) of the sector crossing the landmark figure of Rs 100 billion. According to the
Published 21 Jun, 2016 12:00am
Shahbaz for early completion of Saaf Pani Programme

Shahbaz for early completion of Saaf Pani Programme

Punjab Chief Minister, Muhammad Shahbaz Sharif presided over a high level meeting regarding Saaf Pani Programme, here on Monday and directed completion of the programme at the earliest. Turk investors especially participated the meeting and expressed inte
Published 21 Jun, 2016 12:00am
Mushtaq Raisani case: co-accused Shah given into NAB remand

Mushtaq Raisani case: co-accused Shah given into NAB remand

National Accountability Bureau (NAB) Balochistan was granted the remand of Saleem Shah, ex-administrator of Municipal Committee Khaliqabad in a mega corruption case. The NAB team produced the accused Saleem Shah before the Accountability Court in Quetta w
Published 21 Jun, 2016 12:00am
Railways to install luggage scanners at major stations in Karachi

Railways to install luggage scanners at major stations in Karachi

Pakistan Railways (PR) is setting up state of the art luggage scanners at major railway stations in Karachi Division. The aim of establishing the technology-based luggage scanners is to ensure swift and effective baggage checking mechanism. The facilities
Published 21 Jun, 2016 12:00am
APBF chief slams Punjab government for failing to utilise ADP
Currency

APBF chief slams Punjab government for failing to utilise ADP

The All Pakistan Business Forum President Ibrahim Qureshi has lambasted the Punjab government in failing to fully utilise the budget of Annual Development Programme of current fiscal year, as the provincial government could spend only 60 percent of the AD
Published 21 Jun, 2016 12:00am
'ToRs travails'

'ToRs travails'

This is apropos a Business Recorder op-ed 'ToRs travails' carried by the newspaper on Sunday. The writer, Dr Gulfaraz Ahmed, has plausibly argued that "While the absence of statecraft and governance has enfeebled the country and our neighbour finds
Published 21 Jun, 2016 12:00am
How gas could warm relations between Israel and Turkey

How gas could warm relations between Israel and Turkey

On the sidelines of a nuclear security summit in Washington in March, Turkish President Recep Tayyip Erdogan held a private meeting with Israel's energy minister, Yuval Steinitz. It was the highest level contact between Israel and Turkey since diplomatic
Published 21 Jun, 2016 12:00am
Are we marching towards black economy?

Are we marching towards black economy?

It seems that the government through its economic, fiscal and monetary policies is trying to divert the national economy towards black and undocumented economy. The last two budgetary measures have strengthened this perception. The current budgetary propo
Published 21 Jun, 2016 12:00am
Headed for a Greece-like fate?

Headed for a Greece-like fate?

The US House of Representatives rejected two amendments seeking a $200 million cut in the $900 million Coalition Support Fund allocation for Pakistan in the Defence Appropriations Act for fiscal year 2017 - a move that will relieve Finance Minister Ishaq
Published 21 Jun, 2016 12:00am
Murder in the name of honour

Murder in the name of honour

In the latest horror in the name of family honour a young pregnant woman and her husband were found murdered in a canal in a small Punjab town for having married against the wishes of her family. A few days earlier, a teen-aged girl was burned to death by
Published 21 Jun, 2016 12:00am
The Balochistan budget

The Balochistan budget

Resource rich Balochistan's budget 2016-17, announced on Sunday by Chief Minister Nawab Sanaullah Zehri, has relied the lowest on its own revenue generation as a percentage of total revenue in comparison to the other three provincial budgets - a paltry 3.
Published 21 Jun, 2016 12:00am
CoAS, German minister discuss defence ties

CoAS, German minister discuss defence ties

Chief of Army Staff (CoAS) General Raheel Sharif who is on two-day visit to Germany held a meeting with German Defence Minister and discussed military to military relations between the two countries and further enhancing bilateral cooperation in defence s
Published 21 Jun, 2016 12:00am
CoAS, German minister discuss defence ties

CoAS, German minister discuss defence ties

Chief of Army Staff (CoAS) General Raheel Sharif who is on two-day visit to Germany held a meeting with German Defence Minister and discussed military to military relations between the two countries and further enhancing bilateral cooperation in defence s
Published 21 Jun, 2016 12:00am
Deposit Protection: proposed ''DPC'' will be exempt from Super Tax

Deposit Protection: proposed ''DPC'' will be exempt from Super Tax

The proposed Deposit Protection Corporation would be exempted from payment of Super Tax applicable at the rate of 4 percent for banking companies and at a rate of 3 percent for persons other than banking companies under the Deposit Protection Corporation
Published 21 Jun, 2016 12:00am
Deposit Protection: proposed 'DPC' will be exempt from Super Tax

Deposit Protection: proposed 'DPC' will be exempt from Super Tax

The proposed Deposit Protection Corporation would be exempted from payment of Super Tax applicable at the rate of 4 percent for banking companies and at a rate of 3 percent for persons other than banking companies under the Deposit Protection Corporation
Published 21 Jun, 2016 12:00am
Deposit Protection: proposed 'DPC' will be exempt from Super Tax

Deposit Protection: proposed 'DPC' will be exempt from Super Tax

The proposed Deposit Protection Corporation would be exempted from payment of Super Tax applicable at the rate of 4 percent for banking companies and at a rate of 3 percent for persons other than banking companies under the Deposit Protection Corporation
Published 21 Jun, 2016 12:00am
Record 65 million people displaced worldwide: UN

Record 65 million people displaced worldwide: UN

The number of refugees and others fleeing their homes worldwide has hit a new record, spiking to 65.3 million people by the end of 2015, the United Nations said Monday. Europe's high-profile migrant crisis, its worst since World War II, is just one part o
Published 21 Jun, 2016 12:00am
Record 65 million people displaced worldwide: UN

Record 65 million people displaced worldwide: UN

The number of refugees and others fleeing their homes worldwide has hit a new record, spiking to 65.3 million people by the end of 2015, the United Nations said Monday. Europe's high-profile migrant crisis, its worst since World War II, is just one part o
Published 21 Jun, 2016 12:00am
Nobel economists warn UK of lasting damage from Brexit

Nobel economists warn UK of lasting damage from Brexit

Ten winners of the Nobel Prize in economics on Monday warned that leaving the European Union would "create major uncertainty" over Britain as a trading nation and inflicting lasting economic damage. "We believe that the UK would be better off economically
Published 21 Jun, 2016 12:00am
Nobel economists warn UK of lasting damage from Brexit

Nobel economists warn UK of lasting damage from Brexit

Ten winners of the Nobel Prize in economics on Monday warned that leaving the European Union would "create major uncertainty" over Britain as a trading nation and inflicting lasting economic damage. "We believe that the UK would be better off economically
Published 21 Jun, 2016 12:00am
The Weather

The Weather

The weather report on Monday (June 20, 2016) and the forecast for Tuesday (June 21, 2016).

Published 21 Jun, 2016 12:00am
Nobel economists warn UK of lasting damage from Brexit

Nobel economists warn UK of lasting damage from Brexit

Ten winners of the Nobel Prize in economics on Monday warned that leaving the European Union would "create major uncertainty" over Britain as a trading nation and inflicting lasting economic damage. "We believe that the UK would be better off economically
Published 21 Jun, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 20, 2016).

Published 21 Jun, 2016 12:00am
Aircraft from Britain and Greece join Cyprus firefight

Aircraft from Britain and Greece join Cyprus firefight

Aircraft from Britain and Greece have joined Cypriot fire-fighters in a battle to control some of the worst forest fires to have hit the island in years, officials said Monday. A fireman died in hospital of injuries suffered when the truck he was driving
Published 21 Jun, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Jun, 2016 12:00am
Son of CJ SHC goes missing

Son of CJ SHC goes missing

The son of Chief Justice of Sindh High Court Sajjad Shah went missing since Monday afternoon. Owais Shah had gone to a super market in Clifton. Aaj News reported that his car was found in the parking lot of that super market. A spokesman for Chief Ministe
Published 21 Jun, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Jun, 2016 12:00am
Son of CJ SHC goes missing

Son of CJ SHC goes missing

The son of Chief Justice of Sindh High Court Sajjad Shah went missing since Monday afternoon. Owais Shah had gone to a super market in Clifton. Aaj News reported that his car was found in the parking lot of that super market. A spokesman for Chief Ministe
Published 21 Jun, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 20, 2016).

Published 21 Jun, 2016 12:00am
$100 billion market capital: regulators eye CPEC projects listing

$100 billion market capital: regulators eye CPEC projects listing

The $46 billion China-Pakistan Economic Corridor (CPEC) is being eyed as a potential "game changer" for the country''''''''s booming stocks market which''''''''s 0.2 percent simulated weight in the MSCI Emerging Market (MSCI-EM) index, regulators believe,
Published 21 Jun, 2016 12:00am
$100 billion market capital: regulators eye CPEC projects listing

$100 billion market capital: regulators eye CPEC projects listing

The $46 billion China-Pakistan Economic Corridor (CPEC) is being eyed as a potential "game changer" for the country''''s booming stocks market which''''s 0.2 percent simulated weight in the MSCI Emerging Market (MSCI-EM) index, regulators believe, is very
Published 21 Jun, 2016 12:00am
$100 billion market capital: regulators eye CPEC projects listing

$100 billion market capital: regulators eye CPEC projects listing

The $46 billion China-Pakistan Economic Corridor (CPEC) is being eyed as a potential "game changer" for the country''s booming stocks market which''s 0.2 percent simulated weight in the MSCI Emerging Market (MSCI-EM) index, regulators believe, is very sma
Published 21 Jun, 2016 12:00am
$100 billion market capital: regulators eye CPEC projects listing

$100 billion market capital: regulators eye CPEC projects listing

The $46 billion China-Pakistan Economic Corridor (CPEC) is being eyed as a potential "game changer" for the country's booming stocks market which's 0.2 percent simulated weight in the MSCI Emerging Market (MSCI-EM) index, regulators believe, is very small
Published 21 Jun, 2016 12:00am
$100 billion market capital: regulators eye CPEC projects listing

$100 billion market capital: regulators eye CPEC projects listing

The $46 billion China-Pakistan Economic Corridor (CPEC) is being eyed as a potential "game changer" for the country's booming stocks market which's 0.2 percent simulated weight in the MSCI Emerging Market (MSCI-EM) index, regulators believe, is very small
Published 21 Jun, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 20, 2016)

Published 21 Jun, 2016 12:00am
Bahrain strips citizenship of top Shia cleric

Bahrain strips citizenship of top Shia cleric

Bahrain said Monday it has revoked the citizenship of the Sunni-ruled kingdom's top Shia cleric, accusing him of sowing sectarian divisions, in a move that sparked fresh protests among the majority community. Sheikh Isa Qassim, considered the community's
Published 21 Jun, 2016 12:00am
Bahrain strips citizenship of top Shia cleric

Bahrain strips citizenship of top Shia cleric

Bahrain said Monday it has revoked the citizenship of the Sunni-ruled kingdom's top Shia cleric, accusing him of sowing sectarian divisions, in a move that sparked fresh protests among the majority community. Sheikh Isa Qassim, considered the community's
Published 21 Jun, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 20, 2016).

Published 21 Jun, 2016 12:00am
Aaj TV tenders apology

Aaj TV tenders apology

The management of Aaj TV and organisation's staff members have unwavering faith in the finality of prophethood of the Holy Prophet Muhammad (Peace Be Upon Him). This was stated by Shahab Zuberi, the Chief Operating Officer (COO) of Aaj TV, in his meeting
Published 21 Jun, 2016 12:00am
Aaj TV tenders apology

Aaj TV tenders apology

The management of Aaj TV and organisation's staff members have unwavering faith in the finality of prophethood of the Holy Prophet Muhammad (Peace Be Upon Him). This was stated by Shahab Zuberi, the Chief Operating Officer (COO) of Aaj TV, in his meeting
Published 21 Jun, 2016 12:00am
Oil up three percent as Brexit chances dim; gasoline surges too
Currency

Oil up three percent as Brexit chances dim; gasoline surges too

Oil prices rose 3 percent on Monday, settling higher for a second straight day, after polls showing a lower likelihood of Britain leaving the European Union while US gasoline surged 5 percent in anticipation of peak summer driving demand. Data from market
Published 21 Jun, 2016 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 10th June, 2016.

Published 21 Jun, 2016 12:00am
Corn sags over three percent

Corn sags over three percent

US corn futures fell more than 3 percent on Monday and soyabeans also weakened on forecasts calling for much-needed rains this week in the US Midwest, traders said. Wheat was pulled lower by corn and soya while remaining under pressure from progress in th
Published 21 Jun, 2016 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 10th June, 2016.

Published 21 Jun, 2016 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Monday after polls showed the campaign for Britain to remain in the European Union regaining some momentum, sharpening appetite for assets seen as higher risk and sparking a sharp rally in stocks. Speculation that British voters could opt to
Published 21 Jun, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 20, 2016).

Published 21 Jun, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 20, 2016).

Published 21 Jun, 2016 12:00am
BRIndex30 falls 48.44 points

BRIndex30 falls 48.44 points

On Monday, BRIndex30 opened at 22,816.71 points. It touched an intraday high of 22,951.07 points and an intraday low of 22,748.00 points and closed at 22,768.27 points which was -48.44 points or -0.21 percent lower than previous close. Total volume was 92
Published 21 Jun, 2016 12:00am
BRIndex30 falls 48.44 points

BRIndex30 falls 48.44 points

On Monday, BRIndex30 opened at 22,816.71 points. It touched an intraday high of 22,951.07 points and an intraday low of 22,748.00 points and closed at 22,768.27 points which was -48.44 points or -0.21 percent lower than previous close. Total volume was 92
Published 21 Jun, 2016 12:00am
Stocks snap winning streak

Stocks snap winning streak

The share market ended at 38,470 points, down 307 points Monday weighed mainly by institutional profit-taking. The benchmark KSE-100 index showed volatility by moving both ways to hit the intraday high and low of 38,981 and 38,470 points. Trading turnover
Published 21 Jun, 2016 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee depicted slight changes against the dollar on Monday in the process of trading, dealer said. The rupee shed one-paisa versus the dollar for buying and selling at Rs 104.75 and Rs 104.77 respectively, dealer said.
Published 21 Jun, 2016 12:00am
Stocks snap winning streak

Stocks snap winning streak

The share market ended at 38,470 points, down 307 points Monday weighed mainly by institutional profit-taking. The benchmark KSE-100 index showed volatility by moving both ways to hit the intraday high and low of 38,981 and 38,470 points. Trading turnover
Published 21 Jun, 2016 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee depicted slight changes against the dollar on Monday in the process of trading, dealer said. The rupee shed one-paisa versus the dollar for buying and selling at Rs 104.75 and Rs 104.77 respectively, dealer said.
Published 21 Jun, 2016 12:00am
Stocks snap winning streak

Stocks snap winning streak

The share market ended at 38,470 points, down 307 points Monday weighed mainly by institutional profit-taking. The benchmark KSE-100 index showed volatility by moving both ways to hit the intraday high and low of 38,981 and 38,470 points. Trading turnover
Published 21 Jun, 2016 12:00am
Projects under CPEC: Chinese authorities, FBR to discuss tax matters

Projects under CPEC: Chinese authorities, FBR to discuss tax matters

The Federal Board of Revenue (FBR) and the Chinese authorities would soon convene a meeting to resolve the tax-related issues of projects under the China Pakistan Economic Corridor (CPEC). Sources told Business Recorder here on Monday that a decisi
Published 21 Jun, 2016 12:00am
Projects under CPEC: Chinese authorities, FBR to discuss tax matters

Projects under CPEC: Chinese authorities, FBR to discuss tax matters

The Federal Board of Revenue (FBR) and the Chinese authorities would soon convene a meeting to resolve the tax-related issues of projects under the China Pakistan Economic Corridor (CPEC). Sources told Business Recorder here on Monday that a decisi
Published 21 Jun, 2016 12:00am
Projects under CPEC: Chinese authorities, FBR to discuss tax matters

Projects under CPEC: Chinese authorities, FBR to discuss tax matters

The Federal Board of Revenue (FBR) and the Chinese authorities would soon convene a meeting to resolve the tax-related issues of projects under the China Pakistan Economic Corridor (CPEC). Sources told Business Recorder here on Monday that a decisi
Published 21 Jun, 2016 12:00am
ADB speaks about criticality of investment to higher growth

ADB speaks about criticality of investment to higher growth

The Asian Development Bank (ADB) visiting vice President Wencai Zhang said on Monday that Pakistan needs investment to move on to the higher growth of 7 percent as at present investment as percentage to GDP is very low. Addressing a news conference here o
Published 21 Jun, 2016 12:00am
ADB speaks about criticality of investment to higher growth

ADB speaks about criticality of investment to higher growth

The Asian Development Bank (ADB) visiting vice President Wencai Zhang said on Monday that Pakistan needs investment to move on to the higher growth of 7 percent as at present investment as percentage to GDP is very low. Addressing a news conference here o
Published 21 Jun, 2016 12:00am
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