Chinese economy
The Chinese economy is set to overtake the United States in the coming decade by 2030. The world will significantly change when China dethrones America to become the largest economy. Despite the coronavirus pandemic, the Chinese economy has rebounded and
Elderly can improve our economy
It is rather tragic that we have never learned from our elders or had a chance to teach them. Instead, we have made them stand in long queues to receive their pensions and deprived them of their right to live
UAE announces plans to boost economy, seek $150bn investment
DUBAI: The United Arab Emirates plans to launch 50 new economic initiatives to boost the country’s competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct investment in the next nine years, government officials said on Sunday. The projects
Stock Market needs investigation
There is a need for investigation on the Pakistan Stock Exchange (PSX). The stock market has been topsy-turvy for the past year. Many investors became rich while others suffered catastrophes and lost their entire wealth. This is not usual at
China’s new world
The Communist Party of Communist (CPC) has turned 100. It has an impressive 95 million members making it the largest party in the world. China has emerged as the world’s most influential and powerful country, bringing a ‘new world’ and
IMF’s flexibility
Finance Minister Shaukat Tarin has announced that Pakistan is not leaving the IMF programme nor is it being suspended. There was immense speculation after Pakistan introduced the Budget 2021-22 without imposing any new taxes in defiance of the terms set
No benefit of CPEC
The China-Pakistan Economic Corridor (CPEC), presently under construction at a cost of $46 billion, was considered a game-changer for Pakistan. It was intended to develop our infrastructure and deepen economic and political ties between both countries. The reality is that
Focusing on agriculture
The need of the hour and our current economic situation suggests that we should focus on agriculture rather than the industry. There is intense competition in the industrial sector as countries such as China and the United States enjoy a
Sindh to present annual budget for FY 2021-22 today
KARACHI: The Sindh government will present its budget for the fiscal year 2021-22 with an outlay of over Rs 1.3 trillion in the provincial assembly today on Tuesday. The Provincial Assembly of Sindh’s budget-2021-22 session has been summoned to meet
Continuation of economic policies
We often criticise the government for its shortcomings but never present the solution to our economic problems. Developed countries have many things in common. The foremost being the continuation of policies. The economy is not something that can be fixed
Budget hopes and fears
The development of a country does not only require good performance by the government but also the cooperation of the people. In our country, the policymakers have always different from those who run the state of affairs. As a result,
Real budget relief
The PTI government unveiled its third budget hailed by most economic analysts as satisfactory and an overwhelmingly people-friendly budget. The government is certainly looking to provide some relief in the last years before the next general elections. The government can
Livestock contributed 11.5 % to GDP during FY2020-21
ISLAMABAD: The livestock sector has contributed 60.1 percent to the agriculture value addition and 11.5 percent to the GDP during fiscal year 2020-21 and has emerged as the largest subsector in agriculture. According to Economic Survey of fiscal year 2020-21,
Budget Day
The federal government will present annual budget for fiscal year 2021-22 in parliament which will the first test for Finance Minister Shaukat Tarin and will lay ground for the future of the PTI government. The budget has been prepared considering
Why is Bangladesh richer than Pakistan and India?
In 1971, Bangladesh separated from Pakistan after a bitter civil war and years of deprivations. The impoverished nation was over-populated, faced cyclones, and was labelled a ‘basketcase’ by US Secretary of State Henry Kissinger. Bangladesh celebrated its 50th anniversary this
People-friendly budget
A common saying goes ‘Failing to plan is planning to fail’. Whether it’s our household expenses or the federal budget, we do not realize the importance of planning. We are tied to our archaic traditions and only lament on our
Pakistan’s economic turnaround is showing results: PM
ISLAMABAD: Prime Minister Imran Khan has said Pakistan is changing as the economic turnaround and success of government’s construction policy are showing results in different sectors. In his tweets, the prime minister said a near bankrupt Capital Development Authority, which
Govt approves new visa policy for Chinese nationals working on CPEC projects
ISLAMABAD: Minister for Interior Sheikh Rasheed Ahmed has said the government has approved a new visa policy for Chinese nationals working on China Pakistan Economic Corridor (CPEC) projects. During a meeting with Chinese Ambassador Nong Rong here Thursday, the interior
PML-N’s poor economic policies caused $20bn loss: Tarin
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has said the prevailing economic challenges were the consequences of the PML-N government’s poor economic management which caused $20 billion loss to the national economy. Addressing a virtual press conference flanked
Indian economy
The coronavirus pandemic has not just devastated lives and health but has also wrecked the Indian economy. According to the latest figures, India’s GDP growth rate is expected to shrink a staggering 7.6% this fiscal year. The Modi government after
Will India’s GDP decline be Modi’s downfall?
The Indian economy received a battering due to the coronavirus pandemic as it released the latest estimates of economic growth for the last financial year ending March 2021. The provisional figures released by National Statistical Office, India’s Gross Domestic Product
Budgetary allocations
The budget for the Fiscal year 2021-22 will be tabled on June 11. It will be the biggest test for the new Finance Minister Shaukat Tarin, who has already started preparations for the budget to bring out-of-the-box solutions this year
Economic growth forecast
The government has forecast an ambitious target of 3.94% GDP growth rate this fiscal year maintaining that the economy has performed exceptionally well and all economic indicators have shown a positive trend amid the COVID-19 pandemic. The growth figures have
GDP growth rate estimated at 3.94% in FY2020-21
ISLAMABAD: The National Accounts Committee (NAC) has estimated that the provisional growth rate of Gross Domestic Product (GDP) during the current fiscal year (2020-2021) was 3.94 percent. “Due to a combination of GDP growth and strengthening of Pak rupee against
Economic growth
It is now less than a month before the government passes the budget for the next fiscal year on June 11. We have heard the oft-repeated statement from the prime minister that relief for masses in on the way and
Pakistan’s economy will grow by 2% subject to vaccine rollout: ADB
ISLAMABAD: Pakistan’s economic growth is expected to rebound this year before gaining pace in 2022 as business activity gradually resumes after the coronavirus pandemic, the Asian Development Bank (ADB) said in a report. According to the Asian Development Outlook (ADO)
New finance minister
Pakistan has its third finance minister in weeks. The prime minister appointed noted banker Shaukat Tarin as the country’s finance minister in yet another cabinet reshuffle. The PTI government has now had four finance ministers in three years, raising concerns
Edge of a precipice – Part 1
Do we really know or care to know what is happening around us? How have we been treated by the state, society, leadership and the clergy and where are we being taken to? These are not just questions out of
Govt pursuing economic diplomacy to attract investment: FM
BERLIN: Foreign Minister Shah Mahmood Qureshi has arrived in Berlin with a delegation on a two-day official visit to celebrate 70 years of diplomatic relations with Germany. Speaking at the dinner hosted in his honor at the Pakistan House in
Economic indicators and PTI govt
Economic indicators reflect the economic situation but they cannot predict what the PTI government is doing to change the lives of people. This is the fallacy of the incumbent government which claims it is improving the economy but the figures