national economic council

Pakistan Railways on road to revival?


August 20th, 2012 - 4:41 pm ICT by IANS
Islamabad, Aug 20 (IANS) The beleaguered Pakistan Railways may be finally on the road to revival, as the government has approved various projects at a whopping cost of Rs.287 billion ... Read more...

Posted in South Asia |

What happened to Gilani’s 15 varsities promise, asks daily


August 5th, 2012 - 2:34 pm ICT by IANS
Islamabad, Aug 5 (IANS) A promise by former Pakistani prime minister Yousuf Raza Gilani to set up over 15 universities across the country during his tenure turned out to ... Read more...

Posted in South Asia |

Dhaka approves $7 bn for development projects


May 20th, 2012 - 3:44 am ICT by IANS
Dhaka, May 20 (IANS) The Bangladesh government Saturday approved 550 billion taka ($7 billion) for undertaking developmental projects during the fiscal year 2012-13.The decision was taken at a meeting ... Read more...

Posted in Business |

US monopoly on World Bank presidency challenged (Lead)


March 24th, 2012 - 3:21 pm ICT by IANS
Washington, March 24 (IANS) The US Friday named Jim Yong Kim as its candidate to lead the World Bank (WB), but he faces a challenge from two non-Americans - ... Read more...

Posted in World |

Top economic voices question US downgrade


August 8th, 2011 - 1:54 pm ICT by IANS
Washington, Aug 8 (IANS) Leading economic experts from Democratic and Republican parties alike have voiced outrage over Standard & Poor's downgrade of the US credit rating but disagreed on ... Read more...

Posted in Business |

Pakistan to spend Rs.154 bn on 15 projects


July 30th, 2011 - 1:32 pm ICT by IANS
Islamabad, July 30 (IANS) Pakistan has approved 15 infrastructure projects at a cost of a whopping Rs.154.52 billion.The Executive Committee of the National Economic Council approved the 15 projects of ... Read more...

Posted in South Asia |

Malaysian govt. accepts Malay Chinese proposal on foreign workers


February 12th, 2011 - 2:19 pm ICT by ANI
Kuala Lumpur, Feb 12 (ANI): The Malaysian Government has reportedly accepted proposals of Malaysian Chinese Association (MCA) to address problems like labour shortage and the strict process of hiring foreign workers faced ... Read more...

Posted in World |

Pak shelves flood-hit areas reconstruction due to funds shortage over transparency issues


January 25th, 2011 - 4:59 pm ICT by ANI
Islamabad, Jan 25(ANI): The Pakistan Government has decided against taking up major reconstruction and rehabilitation projects in the country's flood-hit areas during the current fiscal year, owing to a financial crunch and ... Read more...

Posted in South Asia |

Obama says would like to run more pragmatic campaigns


October 28th, 2010 - 4:43 pm ICT by ANI
Washington, Oct. 28 (ANI): U.S. President Barack Obama has said he would like to be more pragmatic in future electoral campaigns, but added that such a change would take place overnight.Becoming ... Read more...

Posted in World |

Lawrence “Larry” Summers All Set To Resign In November


September 22nd, 2010 - 9:46 pm ICT by GD
By Gina Gomez Sep 22, (THAINDIAN NEWS) Last evening the White House officials released a statement announcing Lawrence "Larry" Summers' departure from President Barack Obama's White House Economic Council. In the statement Director ... Read more...

Posted in Politics |

Conciliatory China says US and Beijing should not see each other as a ‘threat’


September 8th, 2010 - 1:33 pm ICT by ANI
Beijing, Sept 8 (ANI): Chinese Premier Wen Jiabao has said that the United States and his country should not see each other as a threat, but instead should hold in-depth discussions ... Read more...

Posted in World |

Positive signals hint at Sino-US ties getting back on track


September 7th, 2010 - 12:52 pm ICT by ANI
Beijing, Sept 7 (ANI): A number of high-profile US guests, including the "positive signals" that emerged during the meeting between Chinese Premier Wen Jiabao and former U.S. President Jimmy Carter, are an ... Read more...

Posted in World |

US delegates to visit China to ‘reduce military and economic tensions’


September 4th, 2010 - 6:49 pm ICT by ANI
Beijing, Sept 4 (ANI): The White House has said that the US Deputy National Security Adviser Thomas Donilon and National Economic Council director Lawrence Summers would be on a three-day visit to ... Read more...

Posted in World |

We will invest heavily in India ties: Obama adviser


June 30th, 2010 - 1:50 pm ICT by IANS
By Arun Kumar Washington, June 30 (IANS) President Barack Obama's top economic adviser says the United States would continue to invest heavily in its ties with India, seen as one of Washington's ... Read more...

Posted in Business |

$7.8 bn Pakistani development budget approved for 2010-11 (Lead)


May 28th, 2010 - 10:53 pm ICT by IANS
Islamabad, May 28 (IANS) Pakistan's National Economic Council (NEC) Friday approved a development budget of Rs.663 billion ($7.8 billion) for fiscal 2010-11 beginning July 1. The NEC met here with Prime Minister ... Read more...

Posted in Business |

Goldman Sachs Emails Highlight Importance Of Transparency, Says White House Economic Adviser


April 26th, 2010 - 7:46 pm ICT by GD
By Gina Gomez New York, Apr 26, (THAINDIAN NEWS) The Goldman Sachs Group Inc. emails that have been released recently highlight the importance of regulation of the financial market, according to the economic ... Read more...

Posted in Business |

Dhaka keen to attract more Indian, Chinese funds


March 13th, 2010 - 1:46 pm ICT by IANS
Dhaka, March 13 (IANS) Bangladesh has decided not to bargain with foreign lenders for lowering loan interest rates in a bid to attract funds from India, China, South Korea and others ... Read more...

Posted in Business |

Reconstituted India-US CEOs’ Forum to meet PM, Obama


November 24th, 2009 - 6:45 pm ICT by ANI
Washington, Nov.24 (ANI): The reconstitued India-US CEOs' Forum met in Washington, on Monday and will meet Indian Prime Minister Dr. Manmohan Singh and US President Barack Obama at the White House ... Read more...

Posted in World |

India, US CEOs to share growth ideas with Manmohan, Obama


November 24th, 2009 - 1:46 pm ICT by IANS
By Arun Kumar Washington, Nov 24 (IANS) Members of the newly reconstituted India-US CEO's Forum are expected to meet Prime Minister Manmohan Singh and President Barack Obama Tuesday to share their thoughts ... Read more...

Posted in Business |

President Obama To Appoint Ron Bloom As Manufacturing Adviser


September 7th, 2009 - 11:32 pm ICT by GD
By Gina Gomez According to the latest emerging reports from the White House, it has being said that President Barack Obama is going to announce the appointment of Ron Bloom as the administration's ... Read more...

Posted in Politics |

Sibal, Obama’s top technology man to attend Pan-IIT summit


June 30th, 2009 - 3:15 pm ICT by IANS
By Gurmukh Singh Toronto, June 30 (IANS) Kapil Sibal, India's minister for human resource development, Aneesh Chopra, America's chief technology officer, and Sam Pitroda, India's National Knowledge Commission chairman, will be the key ... Read more...

Posted in World |

Indian biz leaders build bridges with Obama team


March 19th, 2009 - 8:35 pm ICT by IANS
By Arun Kumar Washington, March 19 (IANS) A group of Indian business leaders is in town to build bridges with the new Barack Obama administration and outline the opportunities as also the ... Read more...

Posted in Business |

Obama’s economic czar wants US to lead economic recovery


March 14th, 2009 - 12:38 pm ICT by IANS
By Arun Kumar Washington, March 14 (IANS) President Barack Obama's top economic adviser wants the United States to lead a global effort to improve regulatory standards as the world grapples with its worst ... Read more...

Posted in Business |

Obama in Canada for day-long ‘working visit’


February 19th, 2009 - 11:54 pm ICT by IANS
Ottawa, Feb 19 (IANS) US President Barack Obama landed in the Canadian capital Thursday to what has been described as his "working visit" to its biggest trading partner up north. Obama was ... Read more...

Posted in Uncategorized |

Pelosi pushes Obama on repeal of tax breaks


January 19th, 2009 - 6:09 pm ICT by ANI
Washington, Jan.19 (ANI): House of Representatives Speaker Nancy Pelosi is pushing incoming US President Barack Obama to repeal tax breaks for high earners and to investigate possible wrongdoing in the Bush ... Read more...

Posted in World |

Obama warns of `trillion-dollar deficits for years to come’


January 7th, 2009 - 11:22 am ICT by IANS
Washington, Jan 7 (IANS) President-elect Barack Obama has warned Americans about the unparalleled prospect of "trillion-dollar deficits for years to come", saying the exploding budget gap underscores the need for long-term reform ... Read more...

Posted in World |

Obama vows budget savings to fund economic revival (Second Lead)


November 26th, 2008 - 4:03 pm ICT by IANS
Washington, Nov 26 (IANS) US President-elect Barack Obama has promised budget reforms to cut out all unnecessary spending to find resources to fund the bail out of the beleagured US financial sector ... Read more...

Posted in Business |

Obama vows to slash spending to revive US economy (Lead)


November 26th, 2008 - 12:11 pm ICT by IANS
Washington, Nov 26 (IANS) US President-elect Barack Obama has promised to strip the federal budget of all unnecessary spending to help offset large outlays expected for his planned stimulus package to jolt ... Read more...

Posted in World |

Obama names fifth player to lead ‘imperative’ budget reform


November 26th, 2008 - 1:05 am ICT by IANS
Washington, Nov 25 (IANS) Describing the budget reform as an imperative and not an option, US president-elect Barack Obama Tuesday nominated Congressional Budget Office chief Peter Orszag to be the director of ... Read more...

Posted in Business |

China hails Obama’s economic team, pledges cooperation


November 25th, 2008 - 7:46 pm ICT by IANS
Beijing, Nov 25 (Xinhua) China Tuesday congratulated Obama's economic team, saying the country would like to work with the new administration to promote bilateral ties. "We noticed that US President-elect Barack Obama ... Read more...

Posted in Uncategorized |

Obama unveils economic team, backs Bush approach to crisis


November 25th, 2008 - 12:11 pm ICT by IANS
Washington, Nov 25 (IANS) Vowing to "jolt this economy back into shape", US president-elect Barack Obama has said he and the Bush administration are "united" in their efforts to deal with a ... Read more...

Posted in Uncategorized |

Wall Street rallies after Citi’s bailout plan, Obama’s new team


November 25th, 2008 - 10:01 am ICT by IANS
New York, Nov 25 (IANS) Buoyed by the US government's massive rescue plan for Citigroup and announcement of President-elect Barak Obama's economy team, Wall Street rallied behind Monday soaring to a new ... Read more...

Posted in Business |

Obama rolls out team with ‘vision and expertise’ to put America back on track (Lead)


November 25th, 2008 - 1:13 am ICT by IANS
Washington, Nov 24 (IANS) Facing an "economic crisis of historic proportions", President-elect Barack Obama Monday named an economic team "with the vision and expertise to stabilise our economy, create jobs, and get ... Read more...

Posted in Business |

Obama announces new team to tackle economic crisis


November 25th, 2008 - 1:01 am ICT by IANS
Chicago, Nov 24 (IANS) US President-elect Barack Obama Monday named his team of economic advisers who would infuse "fresh thinking" to tackle the economic downturn.Timothy Geithner, the president of the New York ... Read more...

Posted in Uncategorized |

Richardson to be Obamas Commerce Secretary


November 24th, 2008 - 1:09 pm ICT by ANI
Chicago, Nov.24 (ANI): New Mexico Governor Bill Richardson, who served as Energy Secretary and U.N. Ambassador under President Bill Clinton, will be the United States next Commerce Secretary. A Democratic official was ... Read more...

Posted in National |

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