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BANKS generally lend generously to the private sector when government borrowing is down. But they queue up to invest funds in treasury bills and bonds as soon as the government decides to shift its borrowing from the central bank to commercial banks. “The time for that has already arrived,” says...
KARACHI: The government of Pakistan is making all-out efforts to improve environment for investment and trade in the country, said President Arif Alvi during a meeting with Malay­sian Deputy Minister Datuk Seri Shamsul Iskandar Mohd Akin. Measures to strengthen bondage between the two countries were extensively discussed on the...
THE government is contemplating the launch of a new state-owned holding company — Sarmaya Pakistan — soon. It will hold and manage nearly 200 state-owned enterprises (SOEs) and undertake strategic decisions to turn them around and make them operational. The idea behind the establishment of the holding company is to...
ISLAMABAD: The delay in the launch of Rs200 billion Islamic bond to rescue the troubled energy sector has put the largest state-owned firm — Pakistan State Oil (PSO) — in dire straits with its receivables going beyond a record Rs364bn. A senior petroleum ministry official said receivables from the power...
Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain confirmed that an Egyptian billionaire has offered to build 100,000 housing units in Pakistan. In a tweet, he said Egyptian billionaire Naguib Sawiris offered to build 100,000 housing units in Pakistan to help realise Prime Minister Imran Khan’s dream of Naya...
KARACHI:  One of the most daunting challenges, faced by the current government, is to reduce the trade deficit. The trade deficit in FY2017-18 was $35.6 billion, the highest in the country’s history. Although Pakistan has recorded trade deficits throughout most of its history, the trade deficit today has a rippling effect...
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...
ISLAMABAD: Public-private partnerships (PPP) are known to be very effective in leveraging private capital and expertise for infrastructure programming. However, Pakistan’s federal government has always underperformed in terms of attracting private investors over the past decades as it gets entangled in bureaucratic hassles when it comes to developing a viable PPP...
ISLAMABAD:  In his talk with businessmen in Faisalabad last month, Adviser to Prime Minister on Commerce Abdul Razak Dawood outlined his vision for economic development in these words: “Industrialisation through import substitution coupled with export growth through diversification.” To help achieve this vision, Dawood disclosed the intention of the government to...
Islamabad : In a bid to restore credibility of official statistics, Pakistan has implemented the IMF’s Enhanced General Data Dissemination System (e-GDDS) for releasing essential macroeconomic data on the national accounts including moving in stages for calculating and releasing GDP growth figures on quarterly basis. “There are different stages for...

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...