CPEC and Islamic finance on November 9, 2018China Pakistan Economic Corridor (CPEC) is the first and foremost implementation of China’s great vision about revival of ancient Silk Route, known as One Belt One Road (OBOR) or Belt and Road Initiative (BRI). This corridor will connect China to Indian Ocean through Pakistan’s Gwadar Port situated in its province Baluchistan. Upon completion of BRI first phase, ie CPEC, countries which are going … [Read more...] about CPEC and Islamic finance
Dealing with our economic emergency on August 10, 2018Pakistan is facing the worst economic crisis of its history. The balance of payment has soured to such a level that the trade account deficit has widened manifold. This situation has led to an increase in the current account deficit, which has climbed to $18.0 billion, which is 5.7 per cent of GDP and stood at 4.1 per cent last year of same time period. As a result,a fall in foreign reserves is … [Read more...] about Dealing with our economic emergency
