Skip to content

Pak Economy

Important information about Pakistan economy

Pak Economy: ECONOMIC REVIEW 2009

From anticipated default to vulnerable economic recovery

By M. Sharif

 During the year under review, the economy has moved away from a precarious state of sovereign default on account of depletion of hefty forex reserves of more than $16.5 billion in October 07 to $6.0 billion by November 08, because of steep increase in prices of oil and other commodities in the international market during 2008 that negatively affected the domestic market. An added factor was indiscrete fiscal expansion that increased to Rs688 billion during the period of interim government. Read More »Pak Economy: ECONOMIC REVIEW 2009

ISLAMABAD: The submarine kickbacks Pandora’s box reopened

By Ansar Abbasi

The post-1996 probe into the Agosta submarine deal, which led to the removal of the then-Chief of Naval Staff (CNS) Admiral Mansurul Haq and a corruption reference against Benazir Bhutto and Asif Ali Zardari, was an alleged cover-up to save many key officials of the Pakistan Navy, besides turning a blind eye to a controversial $550 million deal of minehunters signed in 1992 during Nawaz Sharif’s first tenure.
Read More »ISLAMABAD: The submarine kickbacks Pandora’s box reopened

Campaign for accountability and reforms

  • by


The process of accountability must start from those who judge and adjudge others. Any process of accountability that lacks confidence, transparency and consensus is bound to fail, even bounce back. For sustainable democracy, accountability of an all – through independent judiciary – is sine qua non. For an independent judiciary, the judges must be above the board – men of integrity, blameless, God-fearing and free from all internal and external pressures.
Read More »Campaign for accountability and reforms

Alliance between PIA, PRI to boost remittances from overseas Pakistanis

  • by

Shaukat Tarin, Federal Minister for Finance said on Tuesday that strategic alliance between Pakistan Remittance Initiative (PRI) and Pakistan International Airlines (PIA) would contribute towards enhancement of remittance flows through official channels and help the Government to achieve the goal of formalizing the remittance market in the country.Addressing a MoU signing ceremony between PRI and PIA held at State Bank of Pakistan, here he urged the overseas Pakistanis to make sure that they are transferring their hard-earned income through official channels into Pakistan.Read More »Alliance between PIA, PRI to boost remittances from overseas Pakistanis

Govt to launch new investment scheme for overseas Pakistanis

  • by


* FBR chief warns chronic non-taxpayers to pay their due tax by 31st

By Sajid Chaudhry

ISLAMABAD: The government is considering to launch a new scheme for overseas Pakistanis to encourage them to invest in Pakistan.

Federal Board of Revenue Chairman (FBR) Sohail Ahmed stated this while addressing the business community at the Islamabad Chamber of Commerce and Industry on Friday. Read More »Govt to launch new investment scheme for overseas Pakistanis