Pakistan's economic growth may pick up to 6.5 percent next year: ADB
Economic growth in Pakistan is expected to be moderate, to 6.3 percent, in the 2007-08 and may slightly pick up, to 6.5 percent in 2008-09. The forecast is lower than the average 7 percent growth rate during the recent years more... (BR)

‘US economy heading towards recession’
US Federal Reserve Chairman Ben Bernanke conceded for the first time on Wednesday that the US economy may go into recession, endorsing a similar prediction by the International Monetary Fund more... (BR)

Qatar to invest in Pakistan
Sheikh Ali Bin Abdullah Al-Thani, a member of Qatar Royal Family and chairman Board of Directors of Pak-Qatar Family Takaful and Pak-Qatar General Takaful, has said that his more... (BR)

‘New govt inherited sound economy’
Dr Salman Shah, former adviser on finance to prime minister Shaukat Aziz, says the new coalition government has inherited a sound economy from its predecessors to build on further and achieve a higher growth next fiscal year more... (BR)

Kayani goes to PM House, briefs leaders
Army chief Gen Ashfaq Parvez Kayani gave a detailed briefing on security situation to Prime Minister Syed Yusuf Raza Gilani and heads of the four parties in the ruling coalition on Wednesday more... (D)

Asif, Altaf agree to forgive and forget
Asif Ali Zardari and Altaf Hussain have vowed to initiate a “new journey” for the sake of Pakistan, “pardoning” each other for the bitterness of yesteryear more... (D)

US asked to refrain from direct military action
Pakistan on Wednesday advised the United States to refrain from creating an impression of ‘divergences’ on counter-terrorism and speaking about direct action in Pakistan’s tribal areas more... (D)

SECP clarification
Apropos a news item "SECP barred from altering policy board decisions," carried by Business Recorder on Wednesday, the Securities and Exchange Commission of Pakistan has clarified that the procedure more... (BR)

Company news
The provision of microfinance in Pakistan has grown from 40,000 active borrowers in 1995 to 1.5 million in 2007. While this steady increase is encouraging, Pakistan’s overall penetration more... (BR)

Karachi Port breaks 15-year record
The Karachi Port broke its 15-year-old record by handling 215 ships (arrivals) in March 2008 more... (BR)