This Week – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Sat, 15 Jun 2019 17:57:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Is GDP still a good measure of standard of living? http://www.pakistaneconomist.com/2019/06/03/is-gdp-still-a-good-measure-of-standard-of-living/ http://www.pakistaneconomist.com/2019/06/03/is-gdp-still-a-good-measure-of-standard-of-living/#respond Sun, 02 Jun 2019 20:03:50 +0000 http://www.pakistaneconomist.com/?p=29296 Government expenditure is a critical factor in the calculation of Gross Domestic Product (GDP) of any country. Hence, it is important to note how the upcoming budget for Pakistan will have an impact on the well-being of the overall society. Even if people do not know what GDP means or even stands for, they regard …

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Budget 2020 — needs to focus more on economic reforms http://www.pakistaneconomist.com/2019/06/03/budget-2020-needs-to-focus-more-on-economic-reforms/ http://www.pakistaneconomist.com/2019/06/03/budget-2020-needs-to-focus-more-on-economic-reforms/#respond Sun, 02 Jun 2019 20:02:53 +0000 http://www.pakistaneconomist.com/?p=29319 Like other countries, role of manufacturing sector in Pakistan’s economy is of paramount significance. Enhanced exports are believed to benefit the country. Pakistan needs to strengthen this sector in order to enhance its exports which are concentrated largely in textile and semi-manufactures. Exports are dominated in foreign currency thus any change in the currency parities …

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Rare tax amnesty scheme http://www.pakistaneconomist.com/2019/06/03/rare-tax-amnesty-scheme/ http://www.pakistaneconomist.com/2019/06/03/rare-tax-amnesty-scheme/#respond Sun, 02 Jun 2019 20:01:40 +0000 http://www.pakistaneconomist.com/?p=29313 Of all the tax amnesty schemes announced, the last tax amnesty scheme was unique in this respect that it was the first scheme that dealt with assets held abroad by Pakistani nationals. These schemes have been issued from time to time appeasing different stakeholders each time, from salaried middle class to vehicle importers and then …

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Dealing public sector spending and economic revival http://www.pakistaneconomist.com/2019/06/03/dealing-public-sector-spending-and-economic-revival/ http://www.pakistaneconomist.com/2019/06/03/dealing-public-sector-spending-and-economic-revival/#respond Sun, 02 Jun 2019 20:00:39 +0000 http://www.pakistaneconomist.com/?p=29316 Last quarter of any financial year is not less than a budget season. Everyone including government institutes, corporate sector, government employees and even common persons are generally found debating upcoming budge and its impact on their economic lives. This debate becomes more vehement and intense in the times of struggling economy and stagnant economic growth. …

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Pakistan’s choices in a changing global energy market http://www.pakistaneconomist.com/2019/06/03/pakistans-choices-in-a-changing-global-energy-market/ http://www.pakistaneconomist.com/2019/06/03/pakistans-choices-in-a-changing-global-energy-market/#respond Sun, 02 Jun 2019 19:59:10 +0000 http://www.pakistaneconomist.com/?p=29307 The global energy markets are in flux and the scene is changing rapidly. Most analysts believe that profound shifts are shaping the way energy is supplied and demanded. They also feel that these are not mere occasional aberrations or cyclic adjustments but a fundamental transformation is underway that will persist much longer and have important …

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Key proposals of EFP economic council for the forthcoming budget http://www.pakistaneconomist.com/2019/06/03/key-proposals-of-efp-economic-council-for-the-forthcoming-budget/ http://www.pakistaneconomist.com/2019/06/03/key-proposals-of-efp-economic-council-for-the-forthcoming-budget/#respond Sun, 02 Jun 2019 19:58:56 +0000 http://www.pakistaneconomist.com/?p=29302 Pakistan has promising future but chaos must be handled generously, says EFP chief Pakistan & Gulf Economist sought views of the Employers’ Federation of Pakistan (EFP) Economic Council on the forthcoming budget 2019-20. The discussion with Mr. Ismail Suttar, Chairman of EFP Economic Council was as it is given below: The EFP through its platform of …

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Strong refusal to use GM maize seeds in Pakistan http://www.pakistaneconomist.com/2019/06/03/strong-refusal-to-use-gm-maize-seeds-in-pakistan/ http://www.pakistaneconomist.com/2019/06/03/strong-refusal-to-use-gm-maize-seeds-in-pakistan/#respond Sun, 02 Jun 2019 19:57:06 +0000 http://www.pakistaneconomist.com/?p=29360 Farmers must not allow cultivation of genetically modified maize and other crops All the major stakeholders of agriculture sector including farmers, food processors, national seed companies and agribusiness experts, etc. vehemently oppose cultivation of genetically modified (GM) maize in Pakistan. The unprecedented near-consensus against GM is amazing. However, the proponents of GM seeds are still …

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Fair start of privatization plan remains a big task http://www.pakistaneconomist.com/2019/06/03/fair-start-of-privatization-plan-remains-a-big-task/ http://www.pakistaneconomist.com/2019/06/03/fair-start-of-privatization-plan-remains-a-big-task/#respond Sun, 02 Jun 2019 19:56:45 +0000 http://www.pakistaneconomist.com/?p=29370 Present government led by Prime Minister Imran Khan has planned to privatize 48 public sector entities (PSEs) including loss-making Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) during its five years constitutional tenure. The accumulative losses of PIA and PSM had surged to Rs400 billion and Rs200 billion respectively. The government would restructure the …

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Home remittance the flywheel to blue economy http://www.pakistaneconomist.com/2019/06/03/home-remittance-the-flywheel-to-blue-economy/ http://www.pakistaneconomist.com/2019/06/03/home-remittance-the-flywheel-to-blue-economy/#respond Sun, 02 Jun 2019 19:55:27 +0000 http://www.pakistaneconomist.com/?p=29351 A nationwide campaign of Bahria University to promote Blue Economy Blue Economy identifies the water bodies as main drivers of the economic progress with great impending for novelty and growth. According to the World Bank, the blue economy is the “sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the …

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Pre- Budget 2019-20: Efforts on to rationalize tax regime http://www.pakistaneconomist.com/2019/06/03/pre-budget-2019-20-efforts-on-to-rationalize-tax-regime/ http://www.pakistaneconomist.com/2019/06/03/pre-budget-2019-20-efforts-on-to-rationalize-tax-regime/#respond Sun, 02 Jun 2019 19:54:31 +0000 http://www.pakistaneconomist.com/?p=29366 The National Economic Council (NEC),the country’s highest decision-making body on economic policy, in consensus with federal cabinet is looking forward the various proposals that could create a revenue cushion of about Rs1.45 trillion in the next fiscal year, taking the year’s revenue target to Rs5.55 trillion from a dismal Rs4.2 trillion. Over Rs700 billion in …

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