CPEC investments to help close Pakistan’s power deficit, boost GDP: IMF
CPEC can help close Pakistan’s power deficit , significantly improve its fuel mix, and boost GDP by adding $13 billion in 7 years. “The planned expansion of energy sector capacity could eliminate Pakistan’s 6GW generation capacity gap in 2016 as early as end-2018”, IMF said in its latest report on “Pakistan: Staff report for the 2017 article IV consultation”.
PSX closes week on positive note as benchmark index rises 554 points
The Pakistan Stock Exchange closed its week on a positive note, with the benchmark KSE-100 shares index climbing 554 points or 1.27 per cent to reach 44,337 points. Volumes dropped further, with only 58.17 million shares, worth nearly Rs4.85billion, changing hands by the end of the session.
Telecom operators invest $287.6m in half year
The telecom operators in the country, witnessing a positive growth in the sector, have invested a significant amount of US $ 287.6 million during first six months of previous fiscal year 2016-17. The main driver behind this investment was cellular mobile sector which has invested US $ 262 million during the period.
Host: Syed Shehryar
Co-Host: Zubair Munawar