Moody’s cuts China outlook to ‘negative’, cites reforms and fiscal risks

Courtesy Dawn News SHANGHAI: Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on Wednesday, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves. “Without credible and efficient reforms, China’s Gross Domestic Product (GDP) growth would slow more markedly as a high debt burden dampens business…

Inflation rises to 4pc

Courtesy Dawn News ISLAMABAD: Annual inflation rose to four per cent in February 2016 from 3.3pc in the preceding month, the Pakistan Bureau of Statistics said showed on Tuesday. Average inflation for July-February 2015-16 stood at 2.48pc. The Consumer Price Index (CPI), used to measure prices of 481 commodities, has been witnessing an upward trend…

Asian Bank, DFID to support economic corridor programme

Courtesy Dawn News ISLAMABAD: The Asian Development Bank (ADB) will support the government’s strategy to strengthen regional connectivity and provide technical assistance for a project aimed at mapping out potential economic corridors to enhance trade, growth and job creation. The assistance would come under the ‘Pakistan Economic Corridors Programme’ (PECP) agreed upon by ADB and…

Forced mourning in bazaars

Courtesy Dawn News KARACHI: The trading community’s reaction to the execution of Mumtaz Qadri, an Elite Force personnel who killed Governor Punjab Salman Taseer in 2011, was reflected in the partial closure of several retail and wholesale markets all over Pakistan. Leaders, however, underplayed the sentiments in bazaars and blamed the activists of religious parties…