Pakistan is rolling out a new maritime strategy focused on green ports and climate-resilient infrastructure. Federal Minister Muhammad Junaid Anwar Chaudhry announced this after high-level review meetings. The government aims to cut environmental harm while boosting economic growth through sustainable port upgrades and maritime reforms. At Port Qasim Authority, officials reviewed a 10-year plan to […]
economic growth
Govt’s new tariff policy to reduce import duties, boost economic growth
The government of Pakistan, under Prime Minister Shehbaz Sharif’s leadership, has decided to reduce import duties significantly as part of a broader strategy to attract foreign investment, promote exports, and stabilize the economy. In a crucial meeting on the National Tariff Policy held on Friday, the government approved the phased elimination of additional customs duties […]
SBP’s dollar buying unsustainable, economy may grow below 2%: Hafeez Pasha
Former finance minister Dr. Hafeez Pasha has warned that the State Bank of Pakistan’s dollar buying from informal markets is not a sustainable solution. He said this policy, aimed at stabilising the rupee, hurts exporters and discourages economic growth. Exporters now face a heavy 29% tax under IMF terms, while countries like India and Bangladesh […]
US tariffs prompt economic growth slowdown for India
India’s economic growth is likely to slow down due to new tariffs imposed by the United States. Analysts estimate a decline of 20 to 40 basis points in the ongoing financial year. President Donald Trump recently announced a 26% reciprocal tariff on Indian goods. This could affect the Reserve Bank of India’s (RBI) projected growth […]
Pakistan secures $20 billion world bank support for economic growth
Finance Minister Muhammad Aurangzeb met with the World Bank team to discuss Pakistan’s 10-year Country Partnership Framework (CPF), backed by a $20 billion commitment. The meeting, held at the Finance Division, focused on investment financing for economic reforms and was attended by senior officials from the Ministry of Finance and the Federal Board of Revenue […]
PM Shehbaz confident in resolving tax cases, boosting economic growth
Prime Minister Shehbaz Sharif expressed optimism about resolving Rs400 billion in pending tax cases, citing a recent court ruling that provided Rs23 billion in relief. Speaking at a cabinet meeting, he highlighted key reforms, including e-governance, FBR digitalisation, and an increase in foreign exchange reserves from $4 billion to $12 billion. Sharif called state-owned enterprises […]
PM Shehbaz engages business leaders to drive economic growth
Prime Minister Shehbaz Sharif met with top business leaders at the Prime Minister’s House to discuss investment-friendly policies and economic reforms. He acknowledged the private sector’s role in industrial growth and assured government support in improving the business climate. The meeting aimed to foster collaboration and accelerate economic development. Highlighting macroeconomic improvements, the premier stressed […]
E-commerce vital for job creation, economic growth, says PM
ISLAMABAD: Prime Minister Imran Khan has said that the government is providing full support to foreign investors under the ease-of-doing-business policy. The prime minister expressed these views in a meeting with Group CEO of Daraz (online E-Commerce platform) Bjarke Mikelsen. The prime minister stated that Pakistan offered huge potential for e-commerce that will generate employment […]
3.94pc economic growth testified govt’s achievements: Experts
Financial and Economics Experts here Thursday said the remarkable achievement of 3.94 percent economic growth rate during the financial year 2020-21, has testified to the economic turnaround made by the present elected government that was endorsed by the Economic Survey of Pakistan (ESP). Muhammad Naeem, Assistant Professor, Economics Department, University of Swabi told APP that […]
Macroeconomic indicators showing positive trend despite COVID-19: Asim Bajwa
ISLAMABAD: Chairman China Pakistan Economic Corridor (CPEC) Authority Lt. Gen. (retd) Asim Saleem Bajwa Saturday said all the major macroeconomic indicators were moving towards a positive trajectory due to immense hard work by the government. Not without immense hard work, Pakistan’s economy performed beyond expectations with all major macroeconomic indicators showing positive trend amid Covid-19 […]