Source: International Herald Tribune
KARACHI, Pakistan: Pakistan’s national bank has cut its forecast for the country’s economic growth this fiscal year to 6.0-6.5 percent.
The State Bank of Pakistan said Monday it was revising its forecast for the year ending June 30 in the light of “domestic turbulence and external shocks.”
The bank predicted growth of 7.2 percent […]

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Source: International Herald Tribune
KARACHI, Pakistan: Atiq-ur-Rahman dismisses the gusty northwesterly wind blowing past his tatty barber’s shop. It is an economic chill that troubles him and threatens to undermine the tigerish economy — just as Pakistanis prepare to vote in general elections.
“I have weathered all kind of hardship in my life, so this cold weather […]

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Source: VOA
Assassination, riots and bombings hardly make Pakistan an investor’s dream. But as VOA’s Heda Bayron reports from our Asia News Center in Hong Kong, some stock analysts say Pakistan offers opportunities as well as risk.
At a time when Western magazine covers call Pakistan the world’s most dangerous country, Mark Matthews, Asia stock strategist at […]

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Source: Daily Times
KARACHI: The size of Pakistan’s financial sector, which has grown rapidly in the last few years has increased by almost Rs 900 billion (32 percent growth over December 2005) and reached Rs 6.9 trillion by June, 2007.
Banks, with a share of 72 percent in total assets, continue to dominate the asset base […]

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