13 C
Islamabad
Thursday, January 17, 2019
For the last two or more months, serious problems have emerged in the country’s energy sector and led to the managing directors of two gas companies being taken to task. The problems haven’t been completely resolved. Six major developments have taken place in our energy sector. First, the government has...
UPON receiving the news that the country’s trade deficit has shrunk in December, Prime Minister Imran Khan is reported to have sighed with relief and said “Thank God! We are moving in the right direction!” Behind this moment lies a fairly large story, though whether or not it is “moving...
There is nothing new in what the recently-appointed CEO of PIA, Air Marshal Arshad Malik, ‘revealed’ at a press conference on Tuesday. If one went back to what his predecessors had said in their first press conferences after taking over the reins of the airline, one would fail to...
Ever since the PTI government took charge, severe reservations have been raised on their pre-election rhetoric of broadening the tax base rather than further taxing the current taxpayers however, post-elections the only visible approach seen has been the latter. It is an established fact that high taxes will create an...
The latest data on banking system show that the growth of scheduled banks' deposits stalled in 2018 despite one of the largest interest rate hikes of 4.25 percent in the policy rate in a single year. Deposits of scheduled banks, as reported by the State Bank of Pakistan, soared...
While the world is embracing the Fourth Industrial Revolution (4IR), Pakistan is gearing up for the industrial development entailed in the upcoming phase of CPEC. The envisaged development of new industries through joint ventures and the relocation of industries from abroad promises enormous opportunities to our youth, bringing home...
The Pakistan Tehreek-e-Insaf-led government is in for a major cut in the projects earlier placed in the development portfolio. According to reports, a final decision in this regard may be taken at a meeting scheduled later this month for a mid-term review of the public-sector development projects (PSDP). Government...
Every year, 1.4 million young people enter the labour market in Pakistan. They hope to fulfil desires and earn a better life for their family. But that does not always translate into reality. The unemployment rate in Pakistan is 3.6% (2015). That means 3.5 million people willing to work...
Do you know that while 3D printers and drones are making inroads into industrial applications, consumer products and even toys all over the world, it is still impossible to import them into Pakistan, without prior government permission? Similarly while crypto currencies like Bitcoin are making headway into the world,...
The presentation of the Federal Budget for any particular year always contains a final chapter in the Budget-in-Brief document on the Medium-term Budgetary Framework (MTBF). This indicates the strategy of the Government in terms of ensuring sustainability of the public finances of the country by setting targets usually over...

Opinion

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Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...