Tag Archives: 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 …

Amidst the post-pandemic scenario, the fast-paced, craftily competitive, exceedingly uncertain and globally challenging business scenario has dramatically raised the investment consciousness of stakeholders. Pakistan, being an emerging economy with the land of ample investment opportunities, must adapt to innovative ways of attracting, retaining and multiplying investments for its economic development. Furthermore, they lack the direction and pace necessary to sustain the long-term momentum of business growth. It is evident that …

There is no concept of budget or low-cost airlines in Pakistan. On the contrary, there are ample budget airlines in plenty of countries across the globe for the domestic and international passengers, which eventually bring numerous opportunities to the economy in question in terms of growth in tourism, industrial revival, employment opportunities and beefing up the image of the country in question. The world’s best budget airlines are AirAsia, EasyJet, …

Amidst the post-pandemic scenario, the fast-paced, craftily competitive, exceedingly uncertain and globally challenging business scenario has dramatically raised the investment consciousness of stakeholders. Pakistan, being an emerging economy with the land of ample investment opportunities, must adapt to innovative ways of attracting, retaining and multiplying investments for its economic development. Furthermore, they lack the direction and pace necessary to sustain the long-term momentum of business growth. It is evident that …

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 …

With the world battling the novel coronavirus pandemic, the impact has been felt on every sector and everyday life. Perhaps one of the biggest effects of this pandemic has been on the financial services industry and the insurance industry. In many cases, insurers have already started taking the necessary action for protecting their businesses, which have left many consumers in the lurch in this challenging time. On the other hand, …

Sindh Budget The Sindh government presented the budget for FY2020-21 with a total outlay of Rs1.24 trillion with an estimated narrow deficit despite falling inflows from the federal divisible pool. Sources mentioned that the province is hoping to generate revenue receipts worth Rs1.22 trillion against its total expenditure. The provincial government has also not proclaimed any new taxes and envisaged a deficit of Rs18.38 billion for the upcoming fiscal year. …

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. …