Tag Archives: GDP

Video gaming has come a long way since the launch of the first commercially successful game in the 1970s. Pong had two rectangular white blocks representing table-tennis bats, which beeped and bounced a digital dot back and forth across a plain background. …

The last fiscal year concluded with a mammoth fiscal deficit of 6.6 percent of GDP (Rs2.260 trillion) and a record $18 billion (5.7 percent of GDP) current account deficit. It was in this backdrop that the government came up with …

New government immediately after assuming power started working on reviving the economy of the country. Federal Minister for Finance, Revenue, and Economic Affairs presented certain revisions in the federal budget for fiscal year 2018-19 approved in May 2018 to the …

A welfare state is one where the state undertakes extensive intervention in the society to assist and protect those who are hit by some calamity or are underprivileged. In other words, the state provides a form of social protection. Most …

The government made fiscal adjustments of Rs815 billion or 2.1 percent of the GDP for bringing down the budget deficit from forecasted 7.2 percent to 5.1 percent of the GDP by striking out development outlay and raising tax rates for …

In last few years, banking system in Pakistan has entered into a new phase of evolution yet facing various issues, where political instability and economic uncertainty remain the main problem. On one side, banks are making profits, defaults are on …

Pakistan ranked third largest fiscal deficit country among 36 economies: ADB Pakistan recorded a record budget deficit of Rs2.26 trillion (6.6 percent of GDP) in the last financial year 2017-18 due to a lagged performance of the tax machinery and …

The newly installed government in Pakistan faces a number of mammoth tasks like foreign policy issues, weakening currency, booming population, maintaining momentum of GDP growth targets and continuous struggle with energy policy. In order to counter these challenges, the government …

Enormous challenges lie ahead for the newly-formed government in Pakistan. One of the acutest conundrums is the power outages/load-shedding, let alone the price of the utility. By and large, the discussion about electricity in Pakistan begins with a few topics …

The World Economic Forum has selected 80 winning start-ups to take part in its ASEAN 2018 summit as part of a competition to find the region’s most innovative new companies. From a Sharia-compliant cryptocurrency to a Filipino algorithm helping protect …