01172017Tue
Last update: Tue, 17 Jan 2017 10pm

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Federal Minister for Planning, Development and Reforms Ahsan Iqbal Monday said that Diamer-Bhasha Dam would also be part of the China-Pakistan Economic Corridor (CPEC). He said that 11,000MW of electricity would be added to the national grid by 2018, 5,000MW under the CPEC and 6,000MW under non-CPEC projects. The minister said this while briefing the Parliamentary Committee on CPEC which met under the chairmanship of Senator Mushahid Hussain Sayed here at the Parliament House.

A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign economic picture and a rally in global stock markets on expectations of major stimulus under a new U.S. administration led by Donald Trump.
Eight men own the same wealth as the poorest half of the world's population, a level of inequality which "threatens to pull our societies apart", Oxfam said on Monday ahead of the World Economic Forum opening in Davos.The wealth of the world's poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico.
Prime Minister Nawaz Sharif arrived in Switzerland on Monday to attend the World Economic Forum's annual meeting beginning in Davos from Tuesday (today). Apart from addressing the forum, the Prime Minister will hold a number of meetings with heads of State, government, and business leaders. He will encourage leading business firms to invest in Pakistan. Nawaz Sharif will be presenting Pakistan's case of economic success and the ideal business and investment opportunities for Foreign Direct Investment.
Foreign Direct Investment (FDI) crossed $1 billion mark, up by 10 percent, during the first half of current fiscal year (FY17). During the earlier months of this fiscal year, FDI presented a worsening picture as overall inflows were on decline. However, with massive inflows during December, overall FDI posted a growth of 10 percent during the first half of FY17. Previously, FDI fell by 45 percent in first five months of FY17.
Bearish trend continued on Pakistan Stock Exchange (PSX) and the benchmark KSE-100 index declined by 321.96 points to close at 48,888.54 points on Monday. Selling was seen by both local and foreign investors. The foreign investors remained net sellers of shares worth $12.2 million.
Bearish trend continued on Pakistan Stock Exchange (PSX) and the benchmark KSE-100 index declined by 321.96 points to close at 48,888.54 points on Monday. Selling was seen by both local and foreign investors. The foreign investors remained net sellers of shares worth $12.2 million.