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 […]
GDP
Human (in)security in Pakistan
Freedom from want and fear should set a democratic dispensation apart from the non-representative forms of government. Imran Khan struck the right cords by highlighting stunting and malnutrition in his maiden speech as prime minister. He told the nation: “Pakistan is among the five countries in which most children die before the age of five […]
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 […]
Why Kings Hand Stepped Down?
Is taking bold decisions at crucial times is the hallmark of great leadership? Is the reshuffling of the Federal Cabinet quintessential to bid higher yields or it’s the exogenous factors that lead the King to take such decision? How King’s hand (the Ex-Finance Minister Asad Omar) got entrapped into the reshuffle? Will the reshuffle bring […]
Who needs GM crops
The agriculture industry worldwide is valued at an estimated $3.2 trillion. In developing countries it accounts for a large share of the GDP and employment. It is believed that chronic hunger affects an estimated 1 billion people. Most of them live in countries with developing economies. Population growth and declining availability of arable land will […]
The menace of stagflation
Stagflation is an ugly word. In fact, a forced marriage of sorts imposed on two independent-minded, if scary, words: stagnation and inflation. It implies rampant inflation accompanied by a loss in GDP growth. The word was first coined in 1970s to describe the economic situation of the United States. The economy was reeling from an […]
Pakistan’s GDP to hover at 2.5pc till 2024, IMF
ISLAMABAD: While the Finance Minister Asad Umer is negotiating the three-year-long IMF bailout package, the latter on Tuesday forecast Pakistan’s growth to fall to 2.9 per cent and 2.8pc during the current and next fiscal year unless its programme was accepted. The delegation led by finance minister including State Bank of Pakistan Governor Tariq Bajwa, […]
Pakistan’s GDP growth projected to be the lowest in the region: UN
ISLAMABAD: The annual Economic and Social Survey of Asia and the Pacific 2019 titled ‘Ambitions beyond Growth’, released by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on Thursday, forecast Pakistan’s GDP to remain the lowest in the region at 4.2 per cent in 2019 and 4pc in 2020. According […]
Light at the end of Pakistan’s economic tunnel
The PTI government has been in power for nearly eight months and so far, the economic indicators are bleak. Pakistan’s consumer price inflation rose in March to its highest since November 2013, adding to economic headwinds besetting Prime Minister Imran Khan’s government. Inflation rose to 9.41 per cent year-on-year, up from 8.21 per cent in […]