Pak Economy

The Punjab government plans to develop a new industrial city at a cost of Rs 3 billion along motorway during current fiscal year 2013-14. However, a site is yet to be identified,

Official sources told APP on Friday that the government was attaching high priority to strengthening the industrial base and installation of new industrial units was imperative.

Though it is an uphill task as the government can not alone set up industries in good numbers, therefore, it has decided to establish an industrial city under public-private partnership. It also intends to offer lucrative incentives to private entrepreneurs. Read More »Punjab Govt to develop Rs 3 billion industrial city

By Salim Ghauri 

Pakistan is in a very exciting and decisive stage. Decisions taken now will have a far-reaching impact on our future. Politically things can’t be any better to steer our economy in a new direction. The need of the moment is to invest in gradually moving Pakistan away from an industrial base to a service based economy. IT Industry is a service industry that can provide a significant boost to our economic growth in next ten years.
Read More »Role of IT industry in Pakistan’s economy

By Brigadier (r) Farooq Hameed Khan

If common Pakistanis have to bear the burden of additional taxes in 2013-14 federal budget, then is the leadership willing to sacrifice its luxurious lifestyles? If the state treasury is empty, then are Prime Minister Nawaz Sharif, his cabinet and parliamentarians willing to become role models in austerity and simple living? Can poor Pakistani taxpayers afford their rulers’ extravagance?Read More »Are Pakistani leaders willing to sacrifice?

Federal Minister for Finance Ishaq Dar has announced to raise salaries of government employees by 10 percent following recommendations of the committee.

Finance Minister Ishaq Dar had constituted a committee to review the possibility of an increase in the salaries of government servants on late Thursday.Read More »Pakistan Budget 2012-13: 10 percent raise in employees salaries

The newly formed government of Pakistan Muslim League-Nawaz (PML-N) Wednesday unveiled what is being termed as ‘an investment and business friendly budget’ with a total outlay of Rs3.591 trillion for the financial year 2013-14.Read More »Highlights of Pakistan Budget 2013-14

The Public Sector Development Programme‚ worth Rs1‚155 billion is aimed at ensuring higher growth rate and achieving sectoral targets taking into consideration.

“This includes Rs540 billion development programme for the federal government and Rs615 billion for the provinces” said he while delivering the budget speech for the fiscal year 2013-14.Read More »Pakistan Bedget 2013-14: Salient features of PSDP allocations

Finance Minister Ishaq Dar released the Economic Survey 2012-13 at the Planning and Development Ministry along with the entire economic team, including Federal Minister for Planning and Development Chaudhry Ahsan Iqbal and top officials of the finance and planning divisions.Read More »Pakistan Economic Survey 2012-13 Highlights

Total external debt recorded at $66.2bn till Q1 FY13 

ISLAMABAD: The total external debt has been recorded at $63.8 billion and after including foreign exchange liabilities of $2.4 billion the total external debt and liabilities have been estimated at $66.2 billion till first quarter of fiscal year 2012-13.

This was revealed in the Debt Policy Statement 2012-13 released here on Monday.
Read More »Pakistan’s Debt Policy Statement 2012-13

By Huma Siddiqi

It is an inherent rule of nature that an organism tends to seek the maximum benefit with the least amount of effort. That explicitly depicts how we as a nation of consumers behave. But its flip side also explains the exact reason why predators go after the feeblest. We as consumers experience life as it happens to us mostly because we are hooked to our needs and not willing to even twitch a muscle for our betterment, it is but natural that the helpless consumer gets statistically gang raped by all possible corporate and regulates or the coalition of the two.Read More »Dynamics of choice and opportunity in a free market economy

 By Khawaja Muhammad YousafM

 Pakistan is a developing country in South Asia having a total estimated population of 177 million in 2011. The total civilian labour force is 58.41 million out of which 55.17 million is employed. At the time of independence in 1947, Pakistan was an agrarian economy where the contribution of agriculture towards gross domestic product (GDP) was 53 percent during the fiscal year 1950. However, major shifts in the sectoral shares have been occurred since then as the shares of agriculture, industry and services sectors towards GDP during fiscal year 2011 were 20.9 percent, 25.8 percent and 53.3 percent, respectively. Read More »Productivity analysis of Pakistan in the last 50 years