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Editor n Cheif : Syed Asif Salahuddin
Editor: Tariq Sumair
 
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  Investment climate improved slightly, CPEC to boost if further: ICST
   
 
ISLAMABAD, June 15 (INP): Patron Islamabad Chamber of Small Traders (ICST) Shahid Rasheed Butt has that said investment climate has improved slightly while the China Pakistan Economic Corridor (CPEC) will boost it further. In a statement here on Thursday, Shahid Rasheed Butt said that the economic corridor will not only boost Pakistan’s economy but will also contribute to the improved investment climate in the country. Pakistan needs investment of 20 percent of GDP to achieve required economic growth as the current rate of investment is keep GDP growth rate under stress, he added The Patron ICST said that the last year’s investment target was 17.7 percent while it remained 15.8 percent, slightly improved than the corresponding year. The target for fixed investment was 16.1 percent which could not be achieved however it remained 14.2 percent with 0.2 percent of improvement, he added. Shahid Rasheed Butt said that the private investment dropped from 10.2 percent to 9.9 percent against the target of 12.2 percent. He said that apart from investment the situation of national savings is also not good. The target for national savings was 16.3 percent but it was recorded at 13.1 percent because banks are more concerned about profits and they are giving negative return to account holders. The business leader said that government failed to honour its commitment to privatise Pakistan Steel Mills, PIA and power companies due to political concerns otherwise the investment would have been improved. He said that as soon as the power crisis is resolved and political instability is subsided, the local and private investment may record some improvement. INP/SB/AK
 
 
Today's INP Pakistan Stories
     
PM cuts short Britain visit to return home today
News Image   LONDON, June 25 (INP): The Prime Minister Nawaz Sharif on Sunday cut short his visit to Britain to return home today.  The PM expressed remorse over the loss of precious lives after an oil tanker caught fire and subsequently exploded in Bahawalpur's Ahmedpur East town on Sunday morning to claim 148 lives. More
updated 12 minutes ago
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Priorities and nature of ties with India, Pakistan different: White House
News Image   WASHINGTON, June 25 (INP) Asserting that the US' ties with India and Pakistan were not a 'zero-sum game', the White House has said that the Trump administration's priorities and the nature of relationship with India and Pakistan were different.More
updated 12 minutes ago
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