Washington, D.C. — Pakistan and the International Monetary Fund (IMF) have agreed to keep pushing forward with economic reforms. This consensus came during Finance Minister Senator Muhammad Aurangzeb’s meeting with IMF Director Jihad Azour. The two met on the sidelines of the IMF and World Bank Annual Meetings. Both parties reviewed progress on the Extended […]
economic reforms
Aurangzeb Highlights Saudi Vision 2030 as Model for Pakistan’s Economic Reform
KARACHI – Finance Minister Muhammad Aurangzeb said on Friday that Pakistan can draw valuable lessons from Saudi Arabia’s Vision 2030, describing it as a globally admired model of economic transformation. Speaking virtually to Saudi investors and the Overseas Chamber of Commerce, Aurangzeb reaffirmed Pakistan’s commitment to fostering foreign investment and said the country warmly welcomes […]
Marred by conflicts, residents feel the pinch in Ramadan
Shoppers throng Tripoli’s Souk Al-Hout market but their mood is somber as Libya’s capital is again hit by violence and prices have shot up ahead of the holy month of Ramadan. “Our country is famous for its dates,” a staple which Muslims eat first to break the Ramadan dawn-to-dusk fast, says shopkeeper Abdallah Al-Chaibi. “But […]
Private sector development and economic reforms
Discussion is taking place on the kind of economic reforms needed to boost productivity and economic development in Pakistan. We refer to some literature (Burki 2008, Pakistan Vision 2025) in this article to illustrate it. The industrial sector is in decline in Pakistan. In the recent past, the services sector has attracted more private sector […]
Erdogan’s election setback dents hopes for big economic reforms in Turkey
President Tayyip Erdogan’s losses in local elections have dented investors’ hopes that Turkey will adopt painful reforms they say are needed to stabilise the economy as he moves to shore up his political base. Erdogan’s Islamist-rooted AK Party (AKP), in power nationally since 2002, lost control of the capital Ankara and the business hub Istanbul […]