Trade & Economy

  Pakistan’s achievements in income, consumption, agriculture and industrial production are extremely impressive and have lifted millions of people out of poverty levels. However, the achievements do pale when looked against the missed opportunities. Pakistan faced numerous economic issues in 1947 because India refused to give Pakistan its share of sterling reserves. The situation was so bad that Pakistani government couldn’t pay salaries to its employees. Pakistan was way behind …

  Achieving its annual exports target had been a struggle for the government due to the diverse problems the country is currently facing. The target of $27 billion for the financial year 2012-2013 was a difficult target for the government to meet, and is made worse due to the power shortages in the country and the present global economic situation. It was estimated that Pakistan would be likely to miss …

  Economic analysts are clearly divided into two distinct groups, one that believes small and medium enterprises (SMEs) are the real driver of economy and another that believes that conglomerates are the real creators of value. Some management gurus believe it is only the perception but both are so minutely intermingled that one just can’t survive without other. They also believe that better these enterprises understand needs of each other …

  The current financial year (2012-13) is likely to close on a pessimistic note with: 1) looming balance of payments crisis, high budget deficit, exports proving dismal for financing imports but above all country continue to suffer from ‘trust deficit’. The conditions are marred by general elections for the time being because the caretaker government has no mandate to take some crucial decisions, including finalizing terms and conditions for the …

  Pakistan is not likely to achieve more than 3 percent GDP growth during the current financial year. Economic growth of next financial year is also be marred because of formation of the new elected government and coming up with appropriate policies to turn around the economy. The issue of potential default has been overcome with the commitment of the IMF to provide US$5 billion under Extended Financial facility (EFF). …

  Tea was discovered around 5,000 years back and is considered to be the oldest prepared beverage. The tea plant originated from South East China and slowly spread to Indo-Pak subcontinent, Sri Lanka and further into tropical and sub tropical countries. Tea is available in black, green, yellow and in white colors. The tea tree, under raw conditions, can reach up to 10 to 15 meters. Tea trees are grown …

  With the launching of Khairpur Special Economic Zone, Sindh has entered in to a new era of rural industrialisation, which would go a long way not only in strengthening the industrial base of the province but also in providing employment to the local population in their home town, this is also a giant leap in curbing the migration of rural population to the megalopolis, Karachi. Needless to emphasize that …

  Two of the common complaints are: 1) Pakistan’s GDP size is too small and 2) GDP growth also does not compare well keeping in view population growth rate. Over the years experts have been working on different options but little has been done to document the economy. According to some experts the size of documented economy is just one-fourth of the actual. On one hand this does not allow …

  Pakistan GDP growth rate rose to 3.7 percent in 2012 from the previous year. Throughout the history from 1952 to 2012, GDP growth rate averaged 5.0 Percent reaching an all time high of 10.2 Percent in June of 1954 and a record low of -1.8 percent in June of 1952. Pakistan has a developing semi-industrialized economy that depend mostly on manufacturing, agriculture and remittances. In spite of the fact …

  The South Asian Association for Regional Cooperation (SAARC) is an organization of South Asian nations, providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and cooperation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasizing collective self-reliance. SAARC was established on December 8, 1985 and its seven founding members are Sri Lanka, …