Pakistan’s Future with IMF and CPEC on February 15, 2022International Monetary Fund (IMF) has approved a $ 1 Billion tranche after completing its 6th review. For the approval of this latest assessment, it took several months and so many harsh unpopular measures by the government to satisfy IMF conditions. Now it paved the way to get more foreign exchange from the issuance of bonds […]
Mini Budget and SBP Autonomy on January 25, 2022Pakistan is facing pressure on its external account, where the trade deficit is surging and making a balance of payment crisis. Even though exports and remittances are increasing, import payments are soaring high. Averting such a situation, inflow of Dollars is very important and for the said reason, positive assessment from International Monetary Fund (IMF) […]
Economic Conditions of Pakistan on January 14, 2022If increasing import numbers are being considered mysterious, a probable U-turn on the upcoming Textile Policy is termed as deadliest for the sector giving more than 50 per cent of exports of the country. Inflation is going double-digit followed by discount rate-making cost of living and doing business more expensive. Everything is related to the […]
Addressing economic challenges after COVID19 outbreak (part II) on August 12, 2020Fixing a support price didn’t work this year and targets of procurement were missed potentially. Government needs to improve per hector yield of crop so that supply of wheat may result in decrease in market price together with an increase in support price so that farmers may feel obliged to sow the same. Government on […]
Addressing economic challenges after COVID19 outbreak (part I) on August 11, 2020Allah Almighty helped Pakistan all through Coronavirus Pandemic and government’s strategy of smart lock down proved successful in limiting the outbreak. Business Confidence Index (BCI) and Index for Employment which remained in stress during this period has shown some positive signs from July which is good news for economy and employment opportunities. In the meanwhile, […]
COVID19, Lock Down and re-emergence of Economy on April 20, 2020A virus is restructuring the fate of this world. Coronavirus or COVID-19 started from the city Wuhan of China affecting human life no matter how powerful and scientifically stronger is the country where one lives. In fact world’s most technological advance country, the super power America, is trembling in the fight against this lethal virus […]
Economy of Pakistan after Coronavirus outbreak on March 12, 2020While Balance of Trade (BoT) is improving in right direction, coronavirus (COVID-19) has become threat to the pace of development. Asian Development Bank (ADB) stated in its report that the virus outbreak could cost the Pakistan economy in the range of $16.387 million to $4.95 billion, or 0.01 % to 1.57% of Gross Domestic Product […]
IMF second review on February 17, 2020International Monetary Fund (IMF) staff level mission has stated that Pakistan has met all economic goals and performance criteria which mean the next trench out of Extended Fund Facility (EFF) of $ 6.0 Billion will be released upon confirmation by IMF Executive Board when IMF staff will submit a detailed report. IMF mission apparently agreed […]
Textile industry, CPFTA — II and new trends on January 26, 2020Textile industry contributes 57% percent of total export volumes and around 9% of the GDP of Pakistan. It employs almost 40% of industrial labor force both skilled and un-skilled workers. Pakistan Bureau of Statistics (PBS) recently reported a growth of merely 3.94% in First Half of Fiscal Year 2020 (1HFY20) despite of devaluation and incentive […]
CPEC Phase-II opportunities unveiled ( Part-II) on January 21, 2020According to adviser to the Prime Minister on Commerce and Textile Abdul Razak Dawood free market access of 313 Pakistani items would bring US$ 6 billion exports growth. Major beneficiary of CPFTA-II will be textile sector of Pakistan. According to a report in Deccan Herald, FTA between Pakistan and China has already dented India’s cotton […]