Important information about Pakistan economy
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… Read More »The nexus of CPEC and digital transformation
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… Read More »Building an economy for the future
موبائل کالز، مرغی، کھاد سستی، سیمنٹ، سریا،دودھ مہنگا، تنخواہوں، پنشن میں 10 فیصد اضافہ، کم از کم اجرت 15 ہزار اسلام آباد : آئندہ مالی سال 2017-18ء کا 47؍ کھرب 53؍ ارب روپے حجم پر… Read More »پاکستان بجٹ 2017-18-(Pakistan budget)
ISLAMABAD: The government on Friday unveiled Rs. 2.113 trillion Public Sector Development Programme (PSDP) for the fiscal year 2017-18. Following are the salient features of the PSDP (2017-18). – The PSDP allocations up by 26.14… Read More »Highlights of PSDP (2017-18)
Following are the salient features of National Budget 2017-18, announced by Minister for Finance, Muhammad Ishaq Dar in the National Assembly on Friday: The total outlay of the budget 2017-18 is Rs 5,103 billion. Rs one… Read More »Highlights of Pakistan Budget 2017-18
The finance minister Ishaq Dar presented Economic Survey of Pakistan 2016-2017 report in Islamabad on Thursday. According to the report, the growth rate of the country stood at 5.3 percent, the highest in last 10… Read More »Highlights: Pakistan Economic Survey 2016-17
If nation is to progress, says outgoing UNDP country chief
Marc-Andre Franche, the former country director for United Nations Development Programme (UNDP) Pakistan, has said that a critical change in the country can happen only when the elite, the politicians and the wealthy sections of society sacrifice their short term goals and stop abusing their power to enrich themselves, or favour their friends and extended families.
Franche, who had been the UNDP country director for the last four years, bid farewell to Pakistan to take up the position of Chief of Financing at the United Nations Peacebuilding Fund. He made these remarks during an interview to a Pakistan daily shortly before his departure.
“If there is one thing I leave with, it is a sense that the only way a critical change will happen in Pakistan is when the elite of this country, the politicians and the wealthy sections of the society, will sacrifice their short term, individual and family interest, in the benefit of the nation,” Franche said.Read More »Pakistani elite must stop abusing power
Overseas Pakistanis sent home remittances worth $17.841 billion during July-May 2015-16, reflecting a year-on-year growth of 5.6 per cent, the State Bank of Pakistan (SBP) said on Friday.
Remittances stood at $16.898bn during the same period of the preceding fiscal year.
However, this year’s growth rate was much lower than the 17.9pc recorded in the 11-month period of 2014-15.
Remittances are expected to touch $19bn during the outgoing fiscal year, with the addition of another $1bn this month.
The country’s dependence on Arab countries for remittances has further increased this year. Of the total, about $11.505bn (64.5pc) was remitted from the region.
The region is the biggest importer of manpower from Pakistan but the trade with the region is highly imbalanced and is vastly in favour of Arab countries.
The 11-month remittances were higher than the foreign exchange reserves held by the SBP built on borrowing from international financial institution (IFIs) and raising dollars through selling of bonds in the international market.Read More »Remittances growth slows to 5.6pc
Finance Minister Ishaq Dar has unveiled a budget with a total outlay of Rs 4.39 trillion for the fiscal year 2016-17, indicating 7% increase over the outgoing year. The government has set an ambitious growth… Read More »Highlights of Pakistan Budget 2016-17
Following are highlights of Pakistan Economic Survey for the outgoing fiscal year 2015-16, launched by Finance Minister Senator Muhammad Ishaq Dar here on Thursday:- • Major achievements of outgoing fiscal year includes: picking up economic… Read More »Highlights of Pakistan Economic Survey 2015-16