8 C
Islamabad
Thursday, January 17, 2019
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...
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...
It is highly disturbing, rather shocking, to know that Pakistan's outstanding stock of debt - domestic and external - continues to mount unabatedly. According to the latest data released by the State Bank, the country's total debt (domestic and external) surged to an all-time high of Rs 26.453 trillion...
AS things move along, the need for greater transparency and disclosure on what exactly the government is signing onto is growing. The eighth Joint Cooperation Committee meeting on CPEC between Pakistani and Chinese government delegations was held in December, but to this day, there is very little known about the...
In its latest analysis of Pakistan's economy, Fitch Solutions, a research arm of the global credit rating agency, expects the country's GDP growth rate to plunge to 4.4 percent during FY19. The economy will also be clouded by widening fiscal and external account deficits despite expectations of central bank...
It is sad to note that the government is borrowing heavily from the central bank to finance its widening fiscal deficit. According to the latest data released by the State Bank of Pakistan (SBP), the Federal government's borrowings for budgetary support from the banking system have surged by 86...
Several factors are to blame for the prevailing gas crisis, but it is primarily a failure of the policymakers. The PTI government appears to be following in the footsteps of the past governments when it comes to managing a crisis. It only increases the tariff to burden the honest...
The Federal Minister for Planning Development and Reforms, Khusro Bakhtiar, stated that the twelfth five-year plan (2018-23) aims to achieve 5.8 percent growth, projected on the basis of 3.6 percent growth in agriculture, 6.1 percent in industry, and 6.8 percent in services during the five-year plan period. The five-year...
It is unfortunate that cotton production and its acreage in the country have been declining steadily over the years. A bumper crop of 15 million bales was cultivated in 2011-12, which declined to about 14 million bales in 2014-15 and further to 9.9 million bales in 2015-16. It recovered...
AS the exercise to finalise the 12th five-year plan enters high gear, perhaps the planners can take a moment to reflect on how the story of the previous plan worked out. Pakistan’s economy keeps going round in the same vicious cycle of boom and bust, something that is evident in...

Opinion

nfc asad

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...