Two different opinions exists on the economic condition of Pakistan. Government claims that economy is back on track whereas independent analysts portray a different picture. There is no doubt that there is some improvement in some areas whereas a lot …
Read More »Hot money attraction
It is important for the government to revive the economy but it is equally important to attract foreign investors to invest in the country. Economic team of the government has recently visited US and Europe and tried their best to …
Read More »Bottlenecks in attracting FDI into Pakistan
Globalization has made the world shrink into a small unit where action of one country can easily be felt by other countries due to connected deeds irrespective of borders. International affairs in general and economic activities in particular, among the …
Read More »News of blacklisting of Pakistan by FATF was part of Indian information warfare: Mian Zahid Hussain
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said fake news regarding blacklisting of Pakistan by FATF …
Read More »Flotation of stock market support fund delayed on flimsy grounds
The benchmark index of Pakistan Stock Exchange (PSX) is on persistent decline for the last two years. The recent hike in policy rate by 100bps has further accelerated the decline rate. It seems that the ship (PSX) has been abandoned …
Read More »Success of IMF program depends on home grown plan, not on following fund’s recipe blindly
At a recently held seminar at the Sustainable Development Policy Institute (SDPI), Teresa Daban Sanchez, Resident Representative, International Monetary Fund (IMF) to Pakistan said, “The Fund’s program faces significant risk from a failure to build political consensus around its key …
Read More »High interest rate: stumbling block in economic growth
At the recent monetary policy briefing, Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) defended persistent hike in policy rate as a measure to contain inflation in the country. One wonders how hike in policy rate can help the …
Read More »PSX one of the worst performing markets in FY19
Pakistan stock market witnessed a substantial decline of 12% in Rupee terms and 23% in US$ terms during 4QFY19 amidst macro-economic uncertainties. Major decline was posted in the second half (Jan-Jun 2019 with a fall of 9% in Rupee terms …
Read More »Post Budget 2019 – a gloomy picture
Trying to stabilize the uncertain economic conditions of the country, the PTI government has set an ambitious tax revenue targets in the first full-year budget for Rs7,022 billion, for fiscal year 2019-20. Despite a massive Rs1.405 trillion tax plan, the …
Read More »Pakistan garners support to avert FATF blacklisting
Finally, Pakistan managed to garner much-needed support from three-member states of the Financial Action Task Force (FATF) to avoid being placed on its blacklist, but the threats still lingers on. The country has been on the global money laundering watchdog’s …
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