23.2 C
Islamabad
Friday, April 3, 2020
Prime Minister Imran Khan has claimed that after a gap of four years country’s economy is heading in the right direction as the current account deficit has turned into surplus during October for the first time in four years registering a decrease of 73.5 % as compared to the...
The inconsistent growth rate in the textile industry is the result of lack of implementation of the preceding two textile policies. Political instability, Cyclical fluctuations in the international market and the inauspiciousness of the government to work out an efficient system that benefits the production process has seized growth...
The International Labour Organisation (ILO) has described ‘decent work’ as employment which, first, provides for adequate earnings, second, is completed in decent work time, third, ensures stability and security of work, fourth, provides for equal opportunity and treatment in employment, fifth, is undertaken in a safe work environment and,...
The current cotton arrival estimates fall far short of fulfilling domestic requirement of the textile industry. The share of cotton crop in agricultural GDP is 4.5 percent while its share in national GDP is 1 percent. Cotton being the basic raw material for the Pakistan’s textile industry accounts for...
All through almost four decades of globalization era starting from late 1980s many countries with cheap labour willingly turned into sweat shops for the rich markets and within a decade or two many of these countries, mostly in East Asia, graduated into leading export power houses and half a...
Food prices have been rising rapidly in the last few months. According to the Consumer Price Index (CPI), the inflation rate in food prices was only 1.4 percent in the September 2018. A year later in September 2019 the rate of increase in food prices has spiraled up to...
Large scale manufacturing and real estate as well as other sectors of the economy are showing negative trends primarily because the government's decision to enforce all the measures concurrently. This was stated by a former finance minister who requested not to be named while talking to Business Recorder. He added that...
The incoming winter of 2019 may be heading towards a winter of discontent as opposed to the winter of 2018 when expectations with respect to the newly-installed Khan administration were extremely and, albeit, unrealistically high. Chief of Army Staff Bajwa reportedly informed the country's richest 30 or so businessmen, (including...
Ownership is an important aspect of management of SOEs (state-owned enterprises or public sector companies (PSCs) in the case of Pakistan). In the context of SOEs, state is the ultimate owner, and its ownership policy should clearly identify first of all the rationale behind such ownership. According to OECD (Organisation...
Considering the current state of the national economy and the highly pessimistic economic prospects projected for the current and subsequent years in the short run by various national and multilateral organisations it is indeed a matter of immense satisfaction that the World Bank has listed Pakistan among the top...

Opinion

month revenue payment targets

Missed Targets

The tax collection numbers from the last six months are in, and they make for a dismal reading. The government has missed all of...