Tag Archives: Economy

Corruption inflicting huge losses on economy: Kasuri

December 26, 2010 on by Staff Report

Corruption inflicting huge losses on economy: Kasuri

December 26, 2010 on by Staff Report

LAHORE – Former Foreign Affairs minister minister Khursheed Mahmood Kasuri has said that the rampant corruption has inflicted bigger losses to the economy than the three wars the country fought with India.
He was addressing a cake-cutting ceremony held in connection with Quaid-e-Azam’s 134th birth anniversary in Lahore on Saturday. Kasuri said Pakistan might have reached its destiny if the rulers followed in footsteps of the country’s founder.
He also alleged that the PML-N

Financing the ‘green economy’

November 29, 2010 on by Meles Zenawi And Jens Stoltenberg

ADDIS ABABA: At the climate-change summit in Copenhagen last December, political leaders expressed a strong will to urgently combat global warming. As we approach the next climate-change summit in Canc

How strong is China’s economy?

November 20, 2010 on by Murtaza Mohsin

LAHORE: China’s economy has been transformed from Maoist basketcase to the second largest in the world in the course of a couple of decades. Analysts eagerly anticipate that it is only a matter of time before it assumes the position of number one and outstrips the faltering colossus that is the American economy.
It possesses, they point out, a massive capital base, hordes of proficient, cheap, automaton workers and an enormous trade surplus running into a tidy sum of $2.5

PML-N says GST will be disastrous for economy

November 13, 2010 on by Staff Report

LAHORE: Pakistan Muslim League-Nawaz Secretary Information MNA Ahsan Iqbal has said that Reformed General Sales Tax (GST) will be a disaster for the national economy.
He told Pakistan Today on Friday that GST imposition would entail another wave of price hike and the PML-N would never allowed the enforcement of this tax. He said the government was trying to achieve a revenue boost by imposing a repressive tax but it was mistaken because such an objective could not be achieved in

China needs ‘sound’ world economy for forex reform

November 12, 2010 on by

SEOUL: Chinese President Hu Jintao told US President Barack Obama Thursday that Beijing has an “unswerving” resolve to pursue currency reform, but needs a sound world economy to do it, an official said.
“President Hu also stressed that China’s resolve to push forward foreign exchange reform is unswerving,” foreign ministry spokesman Ma Zhaoxu said after Hu and Obama met just prior to the start of a G20 summit in South Korean capital, Seoul.
“The reform will need a very sound

Shahbaz ruined Punjab’s economy, says Elahi

November 1, 2010 on by Staff Report

LAHORE: Shahbaz Sharif has made Punjab penniless and is selling public assets at throwaway prices, claimed Pakistan Muslim League-Quaid ‘s (PML-Q) leader Pervaiz Elahi while addressing a district worker convention at Gujranwala on Sunday.
“During the PML-Q regime, we gave Rs 8 million to 18 union councils each in Gujranwala and spent Rs 16 billion in five years but Shahbaz did not bother to give even Rs 1600 for the progress of Gujranwala. Not a single cabinet minister in his

Agriculture is the mainstay of the economy: PM

October 21, 2010 on by

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani has voiced his opinion that agriculture is the backbone of our economy. Recent devastating floods have damaged our prized farmland but the government, he added, is committed to revive agriculture.
The government has decided to provide free seeds and fertilizers to the farmers holding 25 acres of land.
In addition, the provincial governments will aid the farmers to get better yield by providing them insecticides and educate

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