Author: Arooj Asghar

New government immediately after assuming power started working on reviving the economy of the country. Federal Minister for Finance, Revenue, and Economic Affairs presented certain revisions in the federal budget for fiscal year 2018-19 approved in May 2018 to the parliament in the second week of September 2018. “Finance Supplementary (Amendment) Bill, 2018” or commonly called a Mini Budget is mainly aimed to; improve the tax revenues by removing certain fiscal reliefs, increase spending under public sector development program and deploy funds for the construction of affordable housings in the first phase. According to Finance Ministry, budget deficit will expand…

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With around 220 million people, Pakistan is amongst the most populous countries in the world where millions of people are still living without basic necessities including proper accommodation. Pakistan’s real estate sector is traditionally unorganized and is characterized by various factors that hinder its growth such as lack of uniform laws, non-availability of bank financing, high security requirement for financing, volatile interest rates and lack of transparency in estimating transaction values. Moreover, in order to make real estate sector more attractive, it is important to bring greater transparency in registering the property with the local land departments. Pakistan’s geographic location…

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In last few years, banking system in Pakistan has entered into a new phase of evolution yet facing various issues, where political instability and economic uncertainty remain the main problem. On one side, banks are making profits, defaults are on decline and have surplus liquidity in recent years but on the other side, economic conditions in the country have deteriorated in last two years due to political instability. Economic growth is an apt indicator for the growth of the banking sector; Pakistan’s economic expansion has been quite impressive from the perspective of GDP growth rate in last five years and…

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Pakistan is currently facing a foreign exchange crisis where boosting exports on a sustainable basis should remain the prime focus of the new government. New government has inherited not so strong economy, high budget deficit, high debt profile and frustration among young voters looking for a change. The checklist is long, but there are four critical areas to immediately focus on including fiscal belt-tightening, improving the business climate, first controlling and later improving deteriorating current account deficit and curbing corruption. Pakistan has so far failed to get foreign investment from US, Europe and Middle East while most of its infrastructure…

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