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IMF concerned over fall in Pakistan investment

Source: Geo News | 12-11-2013

International Monetary Fund (IMF) has expressed its concern over the decline in investment in Pakistan bringing the country’s foreign exchange reserves under pressure.

IMF in its report released here said that Pakistan’s growth rate could remain at 2.75 percent during the current fiscal year, while the high expenditure and low income could result in the financial deficit to gross domestic product at 5.5 percent.

Economic analysts said that the restoration of peace and resolving the energy crisis could increase investment in the country and, thereby, with the rise in exports the forex reserves could also improve.

600,000 people tricked into ME forces employment

Source: Dunya News | 10-04-2013

An estimated 600,000 people have been "tricked and trapped" into forced employment in the Middle East, many of them also sexually exploited, the UN s labour agency said on Tuesday. The International Labour Organisation, issuing the findings of a two-year study based on 650 interviews, called for an overhaul of employment practices in the regio..... Read more

Oil prices climb in Asian trade

Source: Geo News | 09-12-2013

Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the world´s biggest economy. New York´s main contract, West Texas Intermediate (WTI) for January delivery, was up 23 cents at $97.88 a barrel in mid-morning trade, while Brent North Sea crude for January rose 13 cents to $111.74. Sing..... Read more

Apple readying two iPhone versions for launch: report

Source: Geo News | 20-08-2013

NEW YORK: Apple has asked its Taiwan-based supplier to begin shipping two new versions of the iPhone next month, including a lower-cost model, the Wall Street Journal reported Monday. The Journal, citing unnamed sources, said Taiwan-based Hon Hai Precision, the parent company of Foxconn in China, was readying both a standard iPhone with new upgrades..... Read more

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