LONDON (Reuters) – British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to signs that the market is becoming tougher for job seekers. A gauge of permanent staff hiring by the Recruitment and Employment […]
growth
Seeds of Pakistan’s economic development taking roots: Shehbaz Sharif
Prime Minister Shehbaz Sharif on Monday felicitated the business community and the nation on the unprecedented surge of Pakistan Stock Exchange (PSX). He said as a result of staff level agreement and a $3 billion standby arrangement with the International Monetary Fund (IMF), the trust of investors and business community was rapidly reviving. After Pakistan’s […]
UK economy shrinks more than expected in first quarter
Britain’s coronavirus-hit economy shrank by slightly more than expected in the first quarter before a subsequent easing of lockdown restrictions, revised official data showed on Wednesday. Gross domestic product contracted by 1.6 percent in the three months to the end of March, down from the previous figure of 1.5 percent, the Office for National Statistics […]
Vietnam posts healthy Q2 growth but virus poses challenges
Vietnam shook off a fresh outbreak of virus infections and containment measures to record strong economic growth in the second quarter, data showed on Tuesday, though there were warnings that the road ahead remained bumpy. The country has long been among the best performing economies in Asia and was one of the few in the […]
Tarin for promoting banking sector’s outreach to achieve mobilization of resources, growth
ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin Thursday assured his full support for the promotion of the banking sector’s outreach to achieve mobilization of resources, growth, development, and jobs creation. He said this during his meeting with State Bank of Pakistan (SBP) Governor Dr. Reza Baqir, who called on him here, said a […]
Swiss economy shrinks as Covid curbs spending
Switzerland’s economy shrank in the first quarter as consumption and the service sector were badly hit by a second partial virus lockdown, the economy ministry said Tuesday. The country’s gross domestic product fell by 0.5 percent in the first three months of the year after posting modest growth in the previous quarter, according to the […]
USA, UK, China top three destinations of Pakistani exports in 10 months
ISLAMABAD: United States of America (USA) remained the top export destination of Pakistani products during the first ten months of the financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-April (2020-21) were recorded at US $ 4019.722 million against the exports of US $ 3368.090 million during […]
Reforms for growth and prosperity
“A comprehensive strategy has been formulated to shift the gears and move to higher economic growth. I do not believe in an increase in taxes to increase revenue collection but those outside the tax net would be tapped. The chances for any harassment by FBR officials shall be eliminated for which change in audit […]
Economists trim euro zone’s inflation and growth forecasts — ECB survey
Economists are trimming their inflation and growth forecasts for the euro zone and warning of the risk of further cuts as uncertainties ranging from Brexit to trade wars make companies more reluctant to invest, a European Central Bank survey showed on Thursday. The ECB’s quarterly Survey of Professional Forecasters showed prices were now expected to […]