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.
PM Shehbaz gives in-principle approval to Pakistan’s new Auto Policy 2026-31
ISLAMABAD: Prime Minister Shehbaz Sharif has given in-principle approval to Pakistan’s proposed Auto Policy 2026-31, paving the way for further...
