Role of agriculture on Pakistan Economy
Agriculture plays an important role in the national economy of Pakistan, where most of the rapidly increasing population resides in rural areas and depends on agriculture for subsistence. Biotechnology has considerable potential for promoting the efficiency of crop improvement, food production, and poverty reduction. Use of modern biotechnology started in Pakistan since 1985. Currently, there [...]
PM alerts nation to brace for energy, gas, water crisis
ISLAMABAD: Prime Minister Yusuf Raza Gilani has said that the nation should be ready to face power, gas and water crises while the government is chalking out short and long-term strategies to overcome them. Addressing Achievement Awards ceremony here at Lahore Chamber of Commerce, the Prime Minister said the government will soon give a good [...]
WB ratifies $300mln aid package for Pakistan
WASHINGTON: World Bank has given approval of USD300 million aid package for Pakistan among which $200 million are meant for Benazir Income Support Program (BISP) while remaining $100 million will be utilized on a project to promote Higher Education in Pakistan, Geo news reported. According to sources, World Bank was awaiting for deal with IMF [...]
KSE100-index end below 9000 points
KARACHI: Pakistani stocks ended nearly one percent lower on Thursday after gaining almost 3 percent the previous day as investors sold shares to book profits at higher levels, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index closed or 88.79, or 0.98 percent, lower at 8,996.19 on turnover of 232.4 million shares. The KSE-index [...]
Oil prices rise on weak dollar
NEW YORK: Oil prices edged up Thursday amid a weakening dollar and falling crude inventories in the United States, the world’s largest oil-consuming nation. Market sentiment was also boosted by International Energy Agency forecasts of higher global oil demand and OPEC’s decision to maintain output quotas. New York’s main contract, light sweet crude for October [...]
Pakistan: Economic Scenario 2008-2009
The economic survey presided by Ministry of Finance showed unexpected results demonstrating poor performance as economy only grew by 2 percent in 2008-2009 which was forecasted to increase by 4.5 percent comparing it from last year growth of 4.1 percent.