As Modi euphoria cools, India faces test to keep foreigners invested

Courtesy Of Dawn News Nearly two years after Narendra Modi was elected as India’s prime minister with an ambitious business-friendly agenda, the feeble pace of reforms is starting to test the patience of one of his biggest group of supporters: foreign investors. Long overshadowed by China’s spectacular rise, Modi’s powerful electoral mandate stirred hopes that…

PIA, Pakistan Steel divestment delayed beyond this fiscal year

Courtesy Of Dawn News ISLAMABAD: The transactions of state-owned entities, including Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), under the privatisation programme have been deferred beyond this fiscal year. This impression was gathered at the end of a presentation given to media by Privatisation Commission Chairman Muhammad Zubair on Friday. The divestment of…