Widening twin deficits overshadow performance of the real economy

Real GDP maintained its upward trajectory, exhibiting a 13-year high growth of 5.8 percent in FY18. Benign inflationary environment and improved law and order situation boosted business sentiments, resulting in higher credit offtake especially for fixed investment. However, this improved economic growth came amid widening twin deficits, which pose challenges for sustainability of the growth momentum, noted SBP’s Third Quarterly Report on The State of Pakistan’s Economy released today.

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NIC Islamabad holds open house session for startups

The National Incubation Center (NIC) Islamabad, Pakistan’s premiere technology hub, held an open house session for all those who aspire to be a part of its fourth cohort. The open house was an open to all, information session with speakers from Ignite – National Technology Fund, Jazz and Teamup, informing the participants about the vision, mission and the future of the NIC in Pakistan.

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The National Incubation Center (NIC) Islamabad, Pakistan’s premiere technology hub, held an open house session for all those who aspire to be a part of its fourth cohort. The open house was an open to all, information session with speakers from Ignite – National Technology Fund, Jazz and Teamup, informing the participants about the vision, mission and the future of the NIC in Pakistan.

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Shell launches new performance fuel V-Power in Pakistan

Shell Pakistan has introduced its new Shell V-Power fuel with Dynaflex Technology in Pakistan in a ceremony held at the Pearl Continental Hotel, Karachi. The new Shell V-Power is an innovative new premium formulation designed now with Dynaflex Technology that has 5 times the molecules that reduce engine dirt and friction.

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Business Community to support new dams: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF President AKIA, Senior Vice Chairman of the Businessmen Panel of and former provincial of Mian Zahid Hussain on Monday said that chief justice measures for banning taxes on mobile recharge and reduction in petroleum prices and now construction of new dams to curtail the water scarcity problems are highly appreciative.

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General Karachi Editors Club meets Chinese Ambassador

Manzar Naqvi Secretary General Karachi Editors Club (KEC) along with Ali Nawaz Gilani General Secretary Pak-China Friendship Association (KPK) met Chinese Ambassador in Pakistan Mr. Yao Jing to present his newly launched 2nd book on China ‘Amazing China’. He also presented KEC memento to Chinese Ambassador and discussed matter of mutual interest.

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ISO 45001:2018 launched in Pakistan

Karachi: Owing to workplace injuries and diseases, over 7,500 people die each day, accounting for nearly 2.78 million global deaths every year. In Pakistan, the rate of work-related accidents has also been increasing at an alarming rate, which calls for a unified effort from the business community and workplace regulatory agencies operating in the country.

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The caretaker government revises down the petroleum prices

The caretaker government on Saturday decided to revise down the petroleum prices in light of directions from Supreme Court to reconsider the matter of hike in petroleum prices. The price of petrol has been decreased by Rs 4.26 per litre, that of High Speed Diesel by Rs 6.37 per litre, Kerosene Oil by Rs 3.36 per litre and the price of Light Diesel Oil has been decreased by Rs 5.54 per litre.

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Located to the North of CPEC, Rawalpindi possesses rich economic potential: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF President AKIA, Senior Vice Chairman of the Businessmen Panel of and former provincial of Mian Zahid Hussain on Friday said that Rawalpindi is fourth most populated city of the Country and economically interlinked with Islamabad; twin cities are of high importance to the Country.

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