Trade & Economy

The Gravitational forces of global geopolitics and geo-economics is moving back towards East from the West and as this rebalancing unfolds, the 21st century will be the Asian Century. BRI is the key that not only integrates Asia but ensures stable and sustainable future of this continent. Asia is always a continent with socio-economic and cultural divides and to overcome these divisions into inclusive Asia integration on all fronts is …

COVID-19 threatened the world in each and every sector of their economies and may also increase the chances of corruption as every government nowadays are busy to counter the health crisis. Corruption, the abuse of public office for private gain, it erodes the social contract and corrodes the government’s ability to help grow the economy in a way that benefits all citizens the COVID-19 pandemic has heightened the importance of …

The growing COVID-19 emergency takes steps to excessively hit developing nations, not just as a health emergency for current but in addition it has overwhelming social, economic and political impacts in future. Recently the bigger challenge for the developing nations is to keep economy moving to ensure food supply and wellbeing of the society during the various barriers of physical distancing and lockdowns. Plagues and pandemics have been undermining mankind …

The Government statistics showed that Pakistan is the 2nd largest manpower/labour exporting country of South Asia. Bureau of Emigration and Overseas Employment (BE&OE) has recorded greater than 11.11 million emigrants for employment abroad. Statistics also showed that during 2019, the Bureau of Emigration & Overseas Employment recorded 625,203 for overseas employment as against to 382,439 emigrants in 2018 explaining a rise of 242,764 people as against to the previous year. …

The year 2020 is unfolding a series of transformations for the whole world. The Covid pandemic is wreaking havoc across the continents while some countries are tackling the virus better than the others. China, Germany, New Zealand and Japan are few of the exceptions that have displayed remarkable versatility and acumen in the handling the outbreak. On the other hand, United States and European countries like UK, Italy and Spain …

These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent which will cross 10 percent when the actual numbers will be calculated in 2021. Pakistan’s public debt has risen by almost 40 percent in the past two years; from Rs. …

These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent which will cross 10 percent when the actual numbers will be calculated in 2021. Pakistan’s public debt has risen by almost 40 percent in the past two years; from Rs. …

The economists revealed that worldwide economy is highly integrated by tourism, trade and remittances. According to World Trade Organisation (WTO), world merchandise trade because of COVID-19 is predicted to fall by 13 to 32 percent in 2020. During 2020 trade volume is predicted to decline by double digits in nearly all regions, depending on the duration of the outbreak and effectiveness of policy response. Trade in services is also predicted …

Presently, Pakistan seems to be suffering from ‘Stockholm Syndrome’ – a psychological condition wherein a captive begins to identify closely with his or her captors, as well as with their agenda and demands. The obsession and the unwavering trust in multilateral agencies, including IMF, and the traditional foreign bilateral partners, particularly Saudi Arabia and the strings attached with the helping-hand ever extended by them in the past bears testimony to the …

All countries have a few or more than a few sick industries, some into hundreds and thousands. Pakistan is in the league of hundreds. Some become sick due to market dynamics and some are plain mismanagement. In such sick scenario, the employees lose job, governments lose tax money, investors lose their reputation and dreams but the banks are the major losers. For every investment that has become a non-performer banks have 50 …