It has truly been a year like no other, with the pandemic dominating not just every news cycle but each of our lives. From work to family life, where we went, and what we did, nothing was untouched by Covid-19. But as people got used to phrases like ‘self-isolate’ and ‘social distancing’, there were plenty of other news too. The year began with a new virus originating from Wuhan, China. …
Read More »The European Union (EU) has granted Pakistan GSP plus status despite resistance from India. At the best Pakistan will be able to add another one billion dollars to its exports. Local manufacturers will have to face stiff competition from other countries of the region particularly China, India and Bangladesh. After grant of GSP Plus status, Pakistan will enjoy increased access to the EU market. Pakistan has been trying to …
Read More »Though most of the analysts round the world are debating the impact, repercussions and fallout after the Britain’s decision to leave the European Union (EU) would have on global economy, yet they agree to the point that the development will heighten market uncertainty globally. Is the United Kingdom’s exit from the EU is going to have a negative impact on Pakistan’s economy? The officials believe that Pakistan has excellent …
Read More »Expansion in the volume of global merchandise trade would pick up only slightly in the coming two years as presently it grows from 2.8 percent in 2014 to 3.3 percent in 2015 and eventually it will grow to 4.0 percent in 2016. Trade growth would therefore remain well below the yearly average of 5.1 percent recorded since 1990. The modest gains during 2014, marked third consecutive year in which …
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