Friday, January 20th, 2023
Saudi loan conditions termed alarming
ISLAMABAD, JAN 20 /DNA/ – Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said Saudi Arabia has asked Pakistan to initiate reforms before obtaining a loan that has sounded an alarm bell for Pakistan. Pakistan urgently needs loans to run its economy but the need for economic reforms to achieve self-reliance cannot be denied, he said. Mian Zahid Hussain said that the policy of overdependence on imports has played a major role in theRead More
Impossible to stabilize rupee in presence of a broken economy
ISLAMABAD, JAN 20: Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said it is impossible to stabilize the rupee in the presence of a broken economy. Oil price freeze by the former government and efforts to stabilize the rupee and bring down the value of the dollar by the incumbent government has damaged the economy and annoyed the IMF, he said. Shahid Rasheed Butt said in a statement issued here today that even after the failure of the experiment to bring downRead More
Foreign exchange of oversees Pakistanis is the major chunk of annual budget: Arif Naqvi
FROM QAZI SHOAIB KHAN DNA ATTOCK (JAN-20): USA-based leader of Pakistan Tehreek in Insaaf and Pakistan origin American businessman Syed Mohammad Arif Naqvi while expressing his views on the economic imbroglio of the country has said that the foreign exchange of oversees Pakistanis is the major chunk of the annual budget of Pakistan. The oversees Pakistani are also much worried about the prevalent political economic of their home land. The Pakistan-origin American business Syed Mohammad Arif Naqvi was talking to the media after the inauguration ceremony of his agricultural farmRead More
Openness an intrinsic path toward global prosperity and development
By He Yin, People’s Daily The Regional Comprehensive Economic Partnership (RCEP) agreement took effect for Indonesia on Jan. 2, which means the free trade pact has taken effect for 14 of its 15 members so far. It fully indicated the huge appeal and vitality of the RCEP will inject new impetus into regional economic integration. As the world’s most promising free trade area covering the largest population and boasting the most diverse membership, the RCEP has released constant dividends through tariff reduction and expanding market access over the past year.Read More
China to contribute wisdom, solutions to cause of peace, development for all humanity
By He Yin, People’s Daily “We cherish peace and development and value friends and partners as we have always done. We stand firm on the right side of history and on the side of human civilization and progress. We work hard to contribute China’s wisdom and solutions to the cause of peace and development for all humanity.” In his 2023 New Year Address, Chinese President Xi Jinping reviewed the accomplishments achieved by China in 2022, and encouraged the Chinese people to press on courageously to make tomorrow’s China a betterRead More