Shahid Javed Burki, former Vice-President of the World Bank and the Former Finance Minister of Pakistan says both nations must prioritize reviving growth.» Read More
ISLAMABAD, Nov 8- The International Monetary Fund said on Friday it was broadly satisfied with Pakistan's economic progress after stepping in to save the country from a possible default earlier this year.
China is establishing itself as a credible competitor in the global weapons market. The NYT reports.
ISLAMABAD, Sept 18- In a nondescript, creeper-draped building in the capital of Islamabad, a small team of men is purging Pakistan's Internet. Online debates dissect attacks by U.S. drone aircraft, the uneasy alliance with the United States and prospects for peace with arch rival India.
SYDNEY/ KUALA LUMPUR, Sept 15- Islamic pensions are making inroads in several majority-Muslim countries, and their success may help the growth of asset management industries across much of Asia and the Middle East.
KUALA LUMPUR, Sept 13- State investor 1 Malaysia Development Bhd has boosted the target size of its IPO for its energy assets to around $3 billion, a person with direct knowledge of the plan told Reuters, as the fund looks to repay debt incurred in a shopping spree for power plants.
ISLAMABAD, Sept 12- The International Monetary Fund gave Pakistan a sobering assessment on Thursday, saying its economy was at a high risk of deteriorating into crisis and growth was too slow to significantly improve people's living standards.
*India cabinet could approve move on Thurs. NEW DELHI, Sept 12- India could slap a 10 percent duty on cotton exports as early as Thursday as it wants to boost overseas sales of value-added textiles to take advantage of a weak rupee and help reduce a yawning current account deficit, government sources and industry officials said.
OSLO, Sept 5- The world is set to use far more treated wastewater to help irrigate crops and feed a rising population as fresh water supplies dry up, a team of U.N.-backed experts said on Thursday. A study led by Japan's Tottori University and U.N.
NEW DELHI, Sept 2- Late last month, with their doors shut to the mounting market panic outside as investors fled the country, India's cabinet ministers gathered to give final approval to a cheap food scheme for the poor.
ISLAMABAD, Aug 27- Pakistan, keen to show its commitment to fixing its ailing finances, on Tuesday reported a 25 percent rise in tax revenues since the beginning of the fiscal year due to a raft of new tax collection measures introduced by the new government.
*Use of containers for sugar transport increasingly popular. LONDON, Aug 20- The new owners of London- listed white sugar futures may breathe fresh life into the contract by offering container delivery, catching up with a growing trend in the industry.
India's gold imports hit $2.9 billion in July, up from $2.45 billion in June, official data showed on Monday, confirming Finance Minister P. Chidambaram's fears that despite hikes in import duties and steps by the Reserve Bank of India to stem supply, demand is on the rise again.
NEW DELHI/ MUMBAI, Aug 12- The Indian rupee weakened towards a record low on Monday after Finance Minister P. Chidambaram unveiled much anticipated proposals to narrow the current account deficit that were seen lacking crucial details.
LONDON, Aug 7- Nasser al-Wuhayshi, the head of Al Qaeda in the Arabian Peninsula whose alleged communications with al Qaeda leader Ayman al Zawahiri sparked a worldwide terrorism alert, is a veteran of global jihad who has promised the West a fight that will last for generations.
MOSCOW, Aug 7- Russia's third-largest mobile operator Vimpelcom has hired the former finance chief of the biggest U.S. mobile provider Verizon Wireless, as it strives to cut its $23 billion debt.
Financial sector regulators, including Raghuram Rajan, who takes over next month as governor of the Reserve Bank of India, were meeting in the financial capital, Mumbai, but the meeting's outcome is not yet known.
Shares of CF, the world's second largest nitrogen producer after Norway's Yara International ASA, rose 2.7 percent in after-hours trading on Tuesday to $194.75 in New York. Net earnings for the second quarter fell to $498.2 million, or $8.38 per share, from $606.3 million, or $9.31 per share a year ago.
*Former IMF chief economist Raghuram Rajan named new cbank chief. MUMBAI, Aug 6- The rupee fell to a record low on Tuesday, raising prospects for fresh measures to bolster a currency which has tumbled more than 12 percent since the start of May, but later pared its losses after the appointment of a new reform-oriented central bank governor.
MUMBAI, Aug 6- The rupee fell to a record low on Tuesday, prompting the central bank to intervene and raising prospects for fresh measures to bolster a currency down 12.7 percent since the start of May as the country struggles to bring down its current account deficit.
MUMBAI, Aug 6- The Indian rupee fell to a record low on Tuesday, on what traders said was dollar demand from importers, raising prospects for the central bank to take fresh steps to bolster a currency that has lost 12.6 percent since the start of May.