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QUETTA  : Chinese companies have expressed their displeasure over delays in the approval of the Gwadar master plan of Smart city by the federal government despite passage of time, and warned that any extra cost due to delays in implementation will be borne by the Pakistan government. The ‘Gwadar Smart Port...
Punjab Governor Chaudhry Muhammad Sarwar Tuesday said the Pakistani pharmaceutical exports can be enhanced up to $2 billion in next two to three years. Talking to reporters after inaugurating the three-day 8th Pak Pharma and Healthcare Expo 2019 Exhibition and Conference at Expo Centre, the governor said that Pakistan...
KARACHI: Pakistan’s textile and clothing exports recorded a meagre 0.68 percent year-on-year surge to $1.139 billion in December 2018, taking the six-month (July-December FY19) exports to $6.645 billion up 0.06 percent, as rupee devaluation failed to push exports in the absence of utilities for the industry. Pakistan Apparel Forum (PAF)...
ISLAMABAD: Prime Minister Imran Khan has constituted an eight-member ministerial committee to negotiate a long-term Strategic Economic Framework (SEF) arrangement with Turkey. This comes as a follow-up of the prime minister’s recent visit to Turkey during which the two countries had agreed to putting in place a framework to enhance...
Agriculture cannot perform up to its potential unless there is a smooth working relationship between federal and provincial governments. This is not the case right now: the federal government wants the removal of the current chief minister of Sindh and treats the opposition parties — the PPP and the PML-N...
KARACHI: Pakistan’s economic confidence fell sharply in the final quarter of 2018 as it continues to struggle with macroeconomic imbalances, according to the Global Economic Conditions Survey (GECS). The latest edition of GECS from the Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants (IMA) through a global...
BURNING the crop and taking out protest rallies in the Kasur, Pakpattan and Sahiwal districts of Punjab’s potato zone reveal the growing unrest among potato growers. Currently the market rates for potatoes are much lower than their cost of production. To the concern of the nascent PTI-government, farmers seeking a...
ISLAMABAD: The large-scale manufacturing sector shrank 0.6 per cent during November, the Pakistan Bureau of Statistics (PBS) reported on Wednesday. The sector’s performance also remained lack lustre during 5MFY19 as it declined 0.9pc year-on-year due to dismal performance of pharmaceuticals, petroleum products, iron and steel products, and electronics. The LSM decrease...
The Lahore Chamber of Commerce and Industry on Tuesday has demanded immediate withdrawal of hike in NHA charges including NOC fee, approach rentals and security. LCCI President Almas Hyder said the industry cannot afford the increase that is bound to jack up the cost of doing business and promote...
ISLAMABAD:  Statutory auditors of Pakistan International Airlines (PIA) have refused to validate financial statements for the last almost two years due to some missing record, which could carry huge implications for the company, shareholders and the management. Ernst & Young Ford Rhodes and KPMG Taseer Hadi and Co – the top...

Opinion

ECONOMIC

Economic reforms: Part-XXXXIII

The 1990 NFC made another curious recommendation, which was not part of its original TORs, but based on a reference made by the Council...