With the promise of international opportunities and unlimited resources, Pakistan has embarked on a journey of economic growth. Being the 23rd largest economy in the world by Purchasing Power Parity, Pakistan has now picked up the pace in collaboration with the economic partners from around the world. The state now possesses the strength to boost […]
economic
The economic mess
The economic mess in Pakistan is getting worse with every passing day. Depleting foreign exchange reserves, unfavourable trade balance, fiscal deficit, mounting circular debt, regressive taxation, the energy crisis and the free fall of rupee are all factors in this crisis. Most of the exports from Pakistan are manufactured goods. The textile industry constitutes a […]
Opp in NA protests POL price hike, inflation, poor economic situation
Opposition parties in the National Assembly on Monday strongly protested over poor economic situation of the country and recent hike in the petroleum prices, compelling Speaker Asad Qaiser to adjourn the session till Wednesday. As the session began, the Pakistan Muslim League-Nawaz (PML-N) started protest against the Pakistan Tehreek-e-Insaf (PTI) government over inflation, increase in […]
Global institutions blamed for economic genocide
The Pakistan Economy Watch (PEW) on Sunday said IMF is pushing Pakistan into stone age through its negatives economic policies. Instead of encouraging growth in vulnerable economies, IMF destroyed state institutions, disintegrate protective economic barriers and impoverish large numbers of the population, it said. The destructive policies of the lender will transform Pakistan into a […]
New economic team
GDP at current market prices for 2017-18 on State Bank of Pakistan’s website Rs34,396,491 in million. Many a time, people become a victim of their own propaganda. Mr Khan’s financial team also got carried away and believed that an honest Prime Minister has decided to go at war with corruption and bring back the $200 […]
Some solutions for economic issues
The government must do its utmost to avoid being placed on the black list by the Financial Action Task Force which has already put it on its grey list. A crackdown has already been laucnhed against extremist and militant groups suspected of terrorist links. These groups have been banned by previous governments as well. The […]
Afghanistan feels impact of Iran’s economic isolation
Abdul Saboor escaped poverty and instability in Afghanistan three years ago with his wife and three children and found work in neighboring Iran. Now he has returned home, despite the fact that life there has not improved. His job at a grocery store in the central Iranian city of Isfahan brought in about 280 dollars […]
Global economic confidence rises in Q1 but still points to economic slowdown
Global economic confidence remained low in Q1 2019, despite rising for the first time in a year, finds the latest Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants). The global poll of 1,355 accountants shows that all key regions reported a bounce in confidence […]
Seven years on: Abeda Azad lives in the hearts of the civil society
Fans and admirers would mark the seventh death anniversary of the celebrated author, activist, poet and journalist, Abeda Iqbal Azad, who breathed her last on April 20, 2012. Her untimely death cut short her career, which was at its high point. To commemorate her anniversary, several literary organisations have planned memorial sessions and reference meetings. […]
Structural reforms needed to escape poverty trap
While there has been some progress now and then in terms of service delivery and social policies are clearly improving, most observers of Pakistan’s economy agree that more direct interventions are needed to deal with the persistent poverty. Economic reforms typically fall into two categories: macroeconomic reforms are often pursued under IMF tutelage; structural reforms […]