September 6, 2012

Pakistan among bottom-20 in Global Competitiveness Report 2012-2013

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 * Falls 6 points on the Global Competitiveness Ranking to 124th place among 144 economies

ISLAMABAD: Pakistan has been ranked among the bottom 20 of the 144 economies around the world in the Global Competitiveness Report (GCR) 2012-2013, released on Wednesday by the World Economic Forum (WEF).

According to the GCR 2012-13, Pakistan lacks a long-term view of competitiveness. The level of corruption and poor governance are some of the factors slowing down Pakistan’s economic growth, therefore ranking Pakistan at 124 among 144 other countries on the index. The WEF ranks countries on more than 100 economic indicators comparing 144 countries.Read More »Pakistan among bottom-20 in Global Competitiveness Report 2012-2013

ISLAMABAD: Coal Fuelled Power Generation Conference 2012

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 ‘Energy crisis has slashed GDP growth by 2-3%’

* ARL CEO emphasises urgent need for accelerating efforts for development of indigenous, cheaper energy resources

By Ijaz Kakakhel (Daily Times report)

Pakistan is faced with crippling energy crisis, which has resulted in slashing gross domestic product (GDP) growth by 2.0 to 3.0 percent.

This was stated by Attock Gen Limited (AGL) and Attock Refinery Limited Chief Executive Officer Adil Khattak during the first Coal Fuelled Power Generation Conference 2012. The conference was organised by AGL on Wednesday.
Read More »ISLAMABAD: Coal Fuelled Power Generation Conference 2012