AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Economy round up …GDP, reserves, new federal budget antics Country GDP target to surpass 3.6% and may reach 4% Pakistan in bracing for 4% GDP this year thus surpassing target of 3.6% envisaged at the start of FY12. According to Standard Capital, this enforces Standard Capital’s view that Pakistani …
Read More »Daily Archives: April 6, 2012
Moody’s review for downgrading ratings of 14 banks in Pakistan, Jordan, Lebanon
Karachi: Moody’s Investors Service would conduct a review of 14 financial institutions in Jordan, Lebanon, Pakistan and Ukraine today for downgrading ratings on the basis of their credit assessments if positioned above their countries’ sovereign debt ratings. According to Alfalah Securities Limited believes the major local banks of Pakistan may …
Read More »Forex reserves further improve
Karachi: Pakistan’s Liquid foreign exchange reserves have inched up by USD 64 million (up by 0.39%WoW) to USD 16.505 billion by the week ended on March 30, 2012 from USD 16.441 billion in the previous week. According to Alfalah Securities Limited, reserves held by the Central bank increased by USD …
Read More »MCB, KASB and UBL interested in HSBC acquisition
Karachi: MCB Bank and KASB have shown interest in acquiring Hong Kong and Shanghai Banking Corporation (HSBC) stakes in Pakistan. According to Alfalah Securities Limited, the bank has decided to wind up its operations from Pakistan under the restructuring plan it is examining the potential sale of businesses in Pakistan. …
Read More »U.S. Supports Expansion of Pakistani Agricultural Exports – Training agricultural export certifiers will expand Pakistan’s access to international markets
Islamabad: United States-sponsored training for 60 new agriculture export certification experts ended yesterday in Islamabad. Certification that agricultural products meet international standards (including environmental impact, use of chemicals, and worker safety) is a critical step in exporting products to international markets. These newly trained certification experts will help standardize the …
Read More »Governments should restrain spending to ensure economic stability in upcoming fiscal year-Yassar Sakhi Butt
Islamabad: Governments should find ways and means to reduce its expenditures and balance its budget to ensure macroeconomic recovery. High fiscal deficit and rapid increase in circular and foreign debt that have doubled in the last three years, demand strict fiscal measures and reduction in the non-developmental expenditures should be …
Read More »The Annual Function of Bazm-e-Kiran, an organization engaged in fighting waywardness in society was held at Defence Central Library
Karachi: The Annual Function of Bazm-e-Kiran, an organization engaged in fighting waywardness in society was held at Defence Central Library. The speakers highlighted the rapidly spreading trend of waywardness in youth, which was eroding the vitals of society and suggested ways and means for countering the menace effectively. Mr Khalid-ul-Aziz, …
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