Economy

Alarming rise in Pakistan's external debt

Pakistan’s external debt and budget deficit are rising alarmingly. If there is any delay in the US releasing $1.3 billion committed under the Coalition Support

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China to Maintain Export Tax Rebates in 2010

23 December, 2009 01:30:00

BEIJING – China has announced that it would maintain its export stimulus measures such as export tax rebates in 2010.The Ministry of Commerce stated that ...

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Pakistan to owe the world $75 billion in 5-years

23 August, 2009 02:40:00

ISLAMABAD: The International Monetary Fund (IMF) has projected an alarming rise in Pakistan’s external debt, touting it to touch $75 billion ($74.161 billion to be ...

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Pakistan on way to becoming heavily indebted country

08 August, 2009 09:44:00

Pakistan is once again on its way to becoming a heavily indebted country. The external debt to GDP has now crossed 30 per cent. In ...

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World Bank commits $6.6 billion to South Asia

03 July, 2009 05:02:00

The World Bank Group committed US$6.6 billion in fiscal year 2009 (July 1, 2008 – June 30, 2009) to South Asia, focusing especially on reviving ...

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World's Cheapest Car Debut on Mar 3

06 February, 2009 01:05:00

World’s cheapest passenger car is set to make its debut on Indian roads on March 3.Nano (new in Parsi) is from the stable of Tata ...

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IMF: Asian Growth Losing Steam Fast

06 February, 2009 01:56:00

Growth is decelerating quickly, IMF warns and says way out of current economic meltdown is not protectionism but spurring demand and consumption...

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