Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5 per cent for the fiscal year that started in July, Bloomberg News reported on Saturday.
Ismail predicted inflation, running at the highest in 47 years and the second-highest in Asia, was close to its peak and would average 15 per cent for the year, the report said.
Curbs on luxury items may remain in place for longer than currently anticipated, Ismail was quoted as saying. — Reuters
Brent crude and US West Texas Intermediate (WTI) prices slid to eight-month lows on Monday, last trading around $85 and $78, respectively
While global growth this year was still expected at three per cent, it is now projected to slow to 2.2 per cent in 2023, revised down from a forecast in June of 2.8 per cent
In the OECD guidelines, five TP methods have been proposed to assess the arm-length price, which can be categorised into traditional transaction methods, and transactional profit methods
Adnoc to provide liquefied natural gas to the country by late 2022 as part of agreement
On offer is about 550.7 million shares, representing 11 per cent of the company, according to the issued prospectus.