Good time for Pakistan and Saudi Arabia to improve investment and trade relations The Kingdom of Saudi Arabia, the 18th largest country and ranked top exporter of petroleum in the world with major economic hub in the Middle East. It shares its borders with Jordan and Iraq to the north and northeast, while to the east, it is bordered by Kuwait, Qatar, Bahrain, and the United Arab Emirates. To the southeast, it neighbours Oman, and to the South, it shares a border with Yemen. Saudi Arabia boasts a population of 32.4 million people and possesses a nominal GDP of US$…
Author: Sadaf Quddus
Pakistan’s economic decline stems from political instability, insurgency, and a lack of reforms At the turn of the century, Pakistan had the highest GDP per capita among India, Bangladesh, and Vietnam. However, over the past two decades, it has experienced a significant decline in GDP per capita. This decline can be attributed to political upheaval, a violent insurgency linked to the war in Afghanistan, and a lack of effective reforms by previous governments. In the first half of 2023, Pakistan faced the possibility of a severe economic crisis. The International Monetary Fund (IMF) suspended loan disbursements due to Islamabad’s inadequate…
On 14th August 1947, Pakistan was born out of sheer struggle, determination and sacrifices of the Muslims of the sub-continent. After right around 200 years of living subject to the British Indian Empire, the years following World War I and World War II, open the way for the Muslims living in India to go distinct and become an independent state. Quaid-e-Azam Muhammad Ali Jinnah, his team and his devotees had done the incomprehensible. They had hammered out one of the largest Muslim countries of the world and grabbed it from the jaws of a debilitating British Empire and a hostile,…
The energy sector in Pakistan remains one of the main roadblocks to economic expansion. Power sector growth and modernisation have been hindered by expensive fuel sources, reliance on imported energy products, chronic natural gas shortages, significant debt, aging and inadequate transmission and distribution systems. Worldwide help has assisted Pakistan with taking a few significant steps in resolving these issues yet without significant changes, the country’s energy future remained under testing. According to the annual report for 2021 from the National Electric Power Regulatory Authority (NEPRA), Pakistan has a total installed power generation capacity of 39,772 MW. Of this, 63 percent…
Agriculture plays a crucial role in the economies of least developing countries (LDC) like Pakistan. Pakistan’s economy is fundamentally based on agriculture. The agriculture sector in Pakistan contributes 21 per cent of the GDP, with yearly growth of 2.7 per cent. Whereas 44 per cent of the labour force can find employment in the agricultural sector and this industry provides a living for 62 per cent of the rural population. A significant area where our ways of living and commercial innovation intersect is agriculture. It plays a variety of roles in the economy of any country, including those related to…
Rapid growth in the consumer finance portfolio of the banking sector in recent times has generated a preceding debate, substantially critical of its alleged part in converting consumption-less financially literate customers. This story aims to explore some of these perceptions, the present data in perspective, while taking into account the high perceptivity of these loans to add interest rate dynamics. Notably, the banking sector in Pakistan is under-leveraged by global standards and emergent risks are well-managed by the banking sector. In the early period when the concept of banking wasn’t well known, people, generally in rural areas used to borrow…
With a codicil of over a hundred years of endeavors, Pakistan is not only a country, but quite a story of unpliable spirits and hard work, and 23rd March marks the first chapter of its realization: the first ever Pakistan Day. Nothing less of a miracle, the day engraved in stone the charter for the inviolable rights of a minority that was being treated as inferiors. Today, if we have the perk of marking the day as a public holiday, it is because of the Lahore Resolution and the tireless efforts of people who believed that rest was not an…
‘Made in Pakistan’ must function within the country’s development, prosperity Brands have come to use as one of the most misleading and timeworn terms in economic discussions due to the economic importance of brands. The last thirteen years could clearly be seen heading dramatic changes in the world of branding and brands. Global trends in digital, mobile, and social media have elementally impacted all of the products and services. Technology often has moved faster than companies can adapt and choices have exploded. Various industries have been discarded and new brands are being beaten into shape faster and faster. The way…
The country is facing a horrible wheat crisis as its markets have run out of wheat flour and the scarcity of the commodity has been causing huge distress to the citizens and now, the condition has worsened to an extent that people are queuing up in huge numbers to get a bag of flour. The government is floundering to balance the demand and supply of wheat largely due to the deteriorating macroeconomic situation and climate impact. The food crisis was erecting up in Pakistan for the past few months, while the mismanagement between the food department and flour mills has…