Interview with Mr S. M. Muneer — leader of the business community of Pakistan PAKISTAN & GULF ECONOMIST had an exclusive conversation with Mr S. M. Muneer regarding Pakistan Day celebrations and the current economic scenario of Pakistan in particular and the world in general. Following are the excerpts of the conversation: Pakistan Day celebrations this year have been called off which is a very prudent decision. I stand by the government in …
Read More »Is balance of payment crisis easing?
After the extension of US$1.5 billion loan by Saudi Arabia, Pakistan’s balance of payment crisis seems to have eased, at least for the time being. However, concerted efforts have to be made to boost exports to reduce heavy dependence of remittances. There is also need to create conducive environment for the inflow of direct investment. While there are expectations that after the grant of GSP Plus status to Pakistan …
Read More »What GSP Plus offers to Pakistan?
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 …
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