Pak Economy

Important information about Pakistan economy

Pak rupee appreciation continues on 31st July 2018

Banks on Monday were compelled to depreciate dollar 3.1% due to panic in the open market. Dollar has lost around 11% since general elections day on 25th July 2018. The US dollar was traded as low as Rs124 in the interbank market while some sources claim that the banks bought […]

اوورسیز پاکستانی اور بجٹ 2018-19

آئندہ مالی کے بجٹ 2018-19 کے حوالے سے اعلان کردہ نئ ٹیکس سکیم میں شامل رئیل اسٹیٹٹ سے متعلق اصلاحات کے ذریعے حکومت محصولات کی چوری اور غیر قانونی رقم جمع کرنے والوں کی حوصلہ شکنی کرنے کے لغے کوشاں ہے- ماہرین کا کہنا ہے کہ اس سکیم میں بہت […]

A layperson’s guide to the federal budget 2018-19

By Mustafa Nazir Ahmed As finance minister, presents the federal budget 2018-19, which will be the last of the incumbent Pakistan Muslim League-Nawaz (PML-N) government, it is high time to make an attempt at uncovering the story hidden behind the numbers. The idea is to enable the reader to: (a) […]

Pakistan Economic Survey 2017-18 Highlights

Pakistan’s economy will grow 5.8 percent this fiscal year, the fastest pace in 13 years, the country’s de facto finance minister, Miftah Ismail, said on Thursday, a day before he announces the 2018/2019 budget. Pakistan’s economy has seen growth accelerate in recent years but it has not been without problems. […]

Pakistan plans to raise one billion dollars from overseas Pakistanis

Pakistan is finalizing plans to launch a US-dollar denominated certificate for overseas Pakistan’s by which it would enable the government to raise $500-$1 billion a year. With Pakistan’s forex reserves plunged to its lowest in three years, the government is considering launching a dollar and rupee denominated certificate by June […]

Pakistan tax reforms and amnesty scheme 2018

 Quick summary of the most important changes made under the announced package. CNIC numbers will be used as National Taxation Numbers (NTN) to monitor tax compliance. No taxes for people with annual income below PKR 1.2 million. Maximum of 15% taxes on annual income above PKR 4.8 million. Minimal penalties […]

Pakistan’s treasure chest of rubies

AFP The people of Azad Jammu and Kashmir (AJK) are sitting on a treasure chest: millions of rubies, estimated to be worth up to half a billion dollars, are lying beneath them. But archaic tools and a lack of investment in infrastructure and techniques are hampering efforts to transform the […]

A new governance system

By Dr. Atta-ur-Rahman Our country stands at a crossroads of its history. Exports are down to $21.7 billion while imports have risen by 18 percent to $49 billion. The trade deficit has reached an alarming $26.9 billion and it is likely to grow to $30 billion this year. The current […]

The nexus of CPEC and digital transformation

By Zulfiqar Qazilbash The CPEC loans to fast track much-needed improvements in power and transportation infrastructure have the potential to massively impact many areas of Pakistan’s economy. Assuming we can manage the security issues, it will create the enabling environment that along with the economic zones and regulatory reforms will […]

Building an economy for the future

The distributive nature of growth must form part of a revised and appropriate social contract to include hitherto excluded regions, genders, and individuals   By Dr. S Akbar Zaidi In the late 1960s and early 1970s, the term ‘Asian Tigers’ became synonymous with high economic growth based on the achievements […]