Tag Archives: GDP

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 …

Small & Medium Enterprises (SMEs) are the important components of economic development. This sector can generate increased productivity & new investment. SMEs have the ability to grow the industrial and commercial tax base. Therefore, its value cannot be ignored and it is the yardstick of most of the economic issues like revenue generation, poverty, unemployment and a slow growth rate. It can generate opportunities for a very heterogeneous group concerning …

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 …

Whenever thinking about investing, one thing that pops up in most people’s minds is real estate. Even in the time of recessions, real estate can offer some great investment potential. While most people think that real estate investment is solely about buying homes, apartments and flats, or commercial property, there is another side of real estate that the investor can take advantage of, even with a small investment– plots and …

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 …

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 …

The budget proposals for 2020-2021, prepared by the Adviser on Finance and Revenue, Dr. Hafeez Shaikh — against the backdrop of potentially the biggest public health emergency and economic downturn in generations — and presented on the floor of the House by Minister for Industries and Production Hammad Azhar, boldly announced, “There are no new taxes in this budget.” This could be termed as an activity of an ordinary salesman …

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. …

Central banks around the world have slashed interest rates, though perhaps none as aggressively as State Bank of Pakistan (SBP). According to a recent report by Bloomberg, Pakistan has cut its interest rates the most this year, out of a survey of nine countries, including the US, Peru, South Africa, Turkey and Ukraine. Coronavirus has created ‘unique’ challenges for a monetary policy due to its non-economic origin. In last three …

He was transferred to a military ambulance that broke down after running a few paces. It took two hours to replace it and by this time the oppressive heat and swarm flies had exhausted Jinnah (Father of the Nation). He passed away in dignity after reaching his official residence. His absence left an agonizing imprint on the future course of Pakistan, something that he, himself feared but could do little to prevent. …