14.4 C
Islamabad
Tuesday, March 19, 2019
The United Arab Emirates (UAE) deferred oil facility of 3.2 billion dollars announced by a senior Pakistani official privy to discussions between Crown Prince Sheikh Muhammed bin Zayed Al-Nahyan and Prime Minister Imran Khan during their three interactions, twice in Abu Dhabi and once in Pakistan, "most probably would...
That tourism is one of the most dynamic economic sectors in the global economy has no two opinions. Growth in the tourism sector drives grow in the economy. Tourism earns foreign exchange which can be used to produce goods and services and to import capital goods, leading to...
THE government appears to be gearing up to implement a law providing stiff penalties for an individual holding benami properties, or assets, in the name of another for concealment purposes. The measure is necessary considering how prevalent the practice of holding benami property — whether movable of immovable —...
Pakistan and Turkmenistan have signed the final agreement for the initiation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline network. According to this plan, Turkmenistan will provide gas to India and Pakistan via Afghanistan. Before this setup, the export of gas in Turkmenistan was limited to China but now they want...
Prime Minister Imran Khan seems to be utterly dissatisfied with the present performance of the Federal Board of Revenue (FBR). Speaking at the 11th All-Pakistan Chambers President Conference on 7th March, 2019, he said that he may create a new tax authority if FBR fails to achieve collection targets....
Foreign Direct Investment (FDI), regarded as a key indicator of confidence in an administration's economic policies usually on the back of higher private domestic investment, declined by a whopping 74.8 percent during July-January 2019 compared to the comparable period of the year before. This was the conclusion of a...
FINANCE minister Asad Umar has done the right thing by writing to the Financial Action Task Force and asking for one of the co-chairs of the International Cooperation Review Group — an individual who is a serving officer of the Indian government — to be replaced. Given the...
The State Bank of Pakistan has announced an ‘Islamic financing facility for low-cost housing’ scheme which would be available through all Islamic banks and other recognised Islamic lenders. The scheme essentially offers 12-year government-backed mortgages for affordable housing. It is targeted at widows, children of martyrs, special persons, transgender...
Is one part of the PTI government’s economic strategy working? The latest figures released by the State Bank of Pakistan (SBP) this past week confirm that private-sector borrowing has jumped up by 92 percent compared to the last period. Questions were asked over the government’s debt-driven development strategy in...
It is distressing to see that inflationary pressures have been building up in the economy for the last few months. According to the latest data released by the Pakistan Bureau of Statistics, the Consumer Price Index (CPI) during February, 2019 was up by 8.21 percent as compared to its...

Opinion

exports

Slow growth in exports

The performance of exports in the first eight months of 2018-19 has been disappointing. According to the monthly trade statistics of the PBS the...