Trade & Economy

Everybody in this world is prone to dreaming which they need their future to be, hence I have a dream for a Pakistan, which is much different than the one we see today. I dream for a Pakistan to be a developed welfare state where industrial revolution will transform our agrarian economy into the new diversified economy as extraordinary pace of technological change in the so called fourth industrial revolution …

The debt-laden economy of Pakistan needs foreign inflows in order to address its economic woes. The global economic landscape seems better today vis-à-vis a year ago when the entire world was afflicted by the conundrums of the pandemic. Pakistan’s economic indicators at this juncture augur well down the road. There is no denying that Pakistan has been encountering the ordeal of balance of payment now and again. To address this …

Looking at global GDP at constant prices of 2017 adjusted for cost of living/purchasing power, China was the biggest economy in the world in 2019 with an adjusted GDP of more than USD 22.5 trillion according to World Bank. While the Chinese economy is projected by IMF to grow by a low of 1.2% in 2020 due to pandemic, the US in second rank is expected to see its USD …

A recent report of World Bank titled Digital Pakistan in Covid-19 Environment advocates for IT and IT enabled services, automation and artificial intelligence, which can play a more prominent role to put the economy of Pakistan back on track. In this regard, Telenor International Research Report emphasizes use of artificial intelligence and digitization for all times to come, in view of the large number of workforce, both in public and …

Nationwide campaign of Bahria University to promote Blue Economy of Pakistan Whenever we think of water the thing which comes in our mind is life representing its importance and enforces me to call all oceanic activities as Blue Gold. Oceans are of great significance for the survival and advancement of societies as they sustain life, connect the world and facilitate development. “The blue planet that humans inhabit is not divided …

It is not only the challenge of Cvoid-19 pandemic looming on the horizon of country’s economy, but also it is growing size of black economy, outcome of corrupt practices flourishing with dimensions like manipulation of funds allocated for development expenditures, hoarding of essential items of consumption, money laundering, clandestine terror financing, smuggling, under and over invoicing, speculative trading in stock exchange securities and properties and tax evasion etc. Resultantly apart …

The outbreak of pandemic COVID-19 in 2020 was not only unexpected but also a surprise for the world. The COVID-19 has deep long-lasting impact on every sphere of life extending from social to cultural and economic spheres. As this is highly contagious disease, social distancing is in the crux of solution to this whole crisis. This has changed the social norms on one hand and the economic rules on the …

By the end of this year, China will officially eradicate absolute poverty. In the past more than 40 years since China has begun to implement the policy of reform and opening-up and started the journey of poverty alleviation, more than 850 million people have been alleviated from poverty, accounting 70% of the world total and China alone has made unprecedented efforts and contributions to fulfill the dream of ‘No Poverty’ …

Every year billion of dollar or payment sent by overseas to their home countries. Over the last twenty years these remittances are being utilized for developmental activities and to sustain Pakistan economy. Remittance plays integral part in easing the current account deficit, providing balance of payment increase of export, labor force and market situation as well. Therefore remittances are referred as engine of economic growth. In the month of July …

Speaking at the recent launch of a new financing programme titled “Women Ventures” (WV) by Karandaaz Pakistan, in collaboration with the UK Department for International Development (DFID), aimed at improving access to finance for women-led businesses, former State Bank Governor Shamshad Akhtar, also Karandaaz Chairperson, said; “only 8 percent of micro, small and medium enterprise (MSME) owners were women their access to finance is 6 percent and only 1 percent …