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 [...]
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.