RIYADH: Saudi Arabia’s austerity drive to counter the impact of low oil prices came at a cost. Domestic demand has been hurt by lower spending on infrastructure projects and cuts in public servants’ bonuses, leaving economic growth dependent on the oil sector. The expected rebound in oil prices in 2017 may allow the government to increase spending, which might fuel a recovery in the non-oil economy.
IT leads list as SECP registers 2,993 companies in March 2026
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,993 new companies in March 2026, showing an 11% increase...
