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Budget 2013-14 - Economic Outlook


Pakistani-American business leader proposes US-China-Gulf investment initiative WASHINGTON: A prominent Pakistani-American business leader has said Islamabad's powerful friends should come together with an international initiative to bring investment into Pakistan in a big way in order to revive the country's economy as well as help regional stability.Muhammad Nasimuddin Mirza, chairman of Nazu Group America, argued that the United States, China, Saudi Arabia and the Arab Gulf nations all have a major stake in South Asian peace and stability post-2014.Therefore, he proposed, all these economic powers should lead an effort to form some kind of international consortium or platform that attracts public and private investment in Pakistan's key energy, industrial, tourism, financial services and agro-based industrial sectors.Pakistan will remain the key to stability in the region, when the US-led forces end combat in Afghanistan --- Washington must make it a priority between now and the end of 2014 that Pakistan revives its economy as that will also benefit ...
Weekly inflation goes up ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on June 27 for the lowest income group up to Rs.8,000 registered increase of 1.08 per cent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 193.86 points against 191.78 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, covering ...
Poultry price hike sets new record in Hazara division ABBOTTABAD: Chicken price reached ever highest rate of Rs210 per Kilogram, before Ramadan a new wave of price hike of poultry products.According to details Chief Justice, Peshawar High court Dost Muhammad Khan while taking suo-moto notice of artificial price hike and profiteering in poultry, issued orders to contain chicken prices below Rs170.Despite the strict orders for implementation of chief minister's directives to regulate the prices, a continuous price hike is seen on daily basis and ...
Provincial govt gives top priority to foreign investment: Mujtaba shuja LAHORE: Minister Finance Punjab, Mian Mujtaba Shuja ur Rehman has said that provincial government has given top priority to attract foreign investment in the province, besides promoting the concept of public-private partnership through good governance and economic cooperation programme.He was hopeful that due to policies of present government, local and foreign investors will invest in various sectors of industry.He said Punjab government is providing maximum facilities to the investors for trade and investment and an ...
Agriculture and fishery workers to get labour law benefits KARACHI: Sindh government has decided in principle to extend all relevant benefits of labour laws to the workers associated with agriculture sector and fisheries respectively.A senior official of provincial labour department told APP Monday that workers associated with the two sectors are soon to be recognised as formal workers, through a policy document that would also be made part of the provincial legislation.In reply to a question, he said a draft of provincial policy on ...


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