Tag Archives: Economy

Obama sees America’s pain on economy

US President Barack Obama acknowledged in a television broadcast Thursday that many Americans were still feeling the pain of a slow economic recovery, but insisted his policies were working. “People still aren’t

Economy on the path to stability

Despite several internal and external challenges, the country’s economy is gradually moving towards sustained stability, economic indicators suggest. The country’s foreign exchange reserves continue to remain over $17 billion, while other economic

PIAF casts an eye on economy

Turning around the economy is possible. But to achieve this difficult goal, the government must chalk out an economic agenda with a clear cut system of implementation. These views were expressed by

Pay-raise takes toll on ailing economy

KARACHI – ILL planned policy announcements made by the federal and provincial governments during the current fiscal year which critics allege are politically-motivated have started taking a toll on ailing national economy. Giving a 50 and 15 percent raise, respectively, in the salaries and pensions of government employees in the center and provinces, the critics opine that the decision that was apparently worker-friendly but ‘irrational’ if analysed in the context of present cash

BoE no closer to hike as economy concerns persist

LONDON – The Bank of England came no closer to raising interest rates this month as concerns about the strength of the economy outweighed inflation risks, further dimming the chance of a hike before August. Its Monetary Policy Committee split 6-3 again in favour of holding rates at 0.5 percent, minutes of its April 6-7 meeting published on Wednesday showed, saying the medium-term outlook for inflation had not changed enough to alter their view. Although the minutes said the near-term

MQM lawmakers say country’s economy on the brink of disaster

KARACHI – The economy of Pakistan is on the brink of a disaster and if the people at the helm of affairs do not take corrective measure on urgent basis, it would have devastating consequences for the country, Muttahida Qaumi Movement (MQM) parliamentarians observed on Monday at the Khursheed Begum Memorial Hall of the MQM headquarters Nine-Zero in Azizabad where the overall economic position of the country was being discussed. Members of the MQM Coordination Committee were also