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 Economyon 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 outbreakon 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 reviewon 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 trendson 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 […]
CPEC Phase-II opportunities unveiled (Part-I)on January 20, 2020International Relations are now more based on mutual economic benefits. However, China – Pakistan relationship has no such limitations but have a proven track record of brotherhood between the two neighbouring countries. On all international fronts both countries support each other whereas Pakistan, often seeks China’s help in United Nations (UN) and at other International […]
PAKISTAN’S ECONOMIC ROUND UPon January 4, 2020Calendar Year 2019 (CY19) was a full year under Pakistan Tehreek e Insaf (PTI) governance. CY19 has actually witnessed 2 quarters of Fiscal Year 2018 – 19 (FY19) and two of FY20. While we evaluate CY19, a glimpse from CY18 under FY19, i.e. first two quarters of FY19, will be handful to understand the year […]
Is economy on right track?on November 23, 2019Despite of facing political turmoil, since Pakistan Tehreek e Insaf (PTI) came into power, it managed to stabilize country’s macro-economic indicators. In such environment,resistance from decades old opposition parties having their strong presence in country’s administration,it remained very difficult for the government to handle state affairs. On the other hand International financial watchdogs i.e. International […]