The last century saw the transformation of China as it took a giant leap. It turned from a poverty-stricken to a fast developing country because of persistent efforts by the nation. China entered the 21st century with the status of a rapidly growing developing country. It maintained double-digit GDP growth for years and continued to [...]
The amount of direct foreign investment in the services sector of Pakistan raised to $ 1.3 billion during last year. According to the Asian Economics Anti-Corruption Report of Asian Development Bank, Pakistan is currently the 10th biggest country in Asia in terms of direct foreign investment, Radio Pakistan reported. In March last year, Pakistan was ranked among [...]
The Senate Standing Committee on Finance, Revenue, and Economic Affairs was informed on Tuesday that devaluation of Pak rupee would help boosting the country’s foreign exchange reserves with the increase in country’s exports and foreign remittances, and decline in imports, and current account deficit. “Although positive consequence have started surfacing due to the devaluation of [...]
