Economy

New development plan to stimulate economy and create jobs

New development plan to stimulate economy and create jobs

Pakistan has launched a three-year development plan, hoping to implement major projects to promote better integration of government and social capital and promote rapid economic development. This plan involves 53 large-scale projects with a total investment of 5.2 trillion rupees (about 33.6 billion US dollars) to stimulate economic growth and …

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Pakistan’s economy make a comeback

Pakistan’s economy make a comeback

There are signs of business activity picking up in Pakistan at a faster pace as worries about new coronavirus (COVID-19) infections fade in the country. Pakistan is adding fewer active cases as population is fast approaching herd immunity. The economic growth is now being led by an aggregate demand push. …

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Snapshot of economy of Pakistan

Snapshot of economy of Pakistan

Real sector Agriculture: Out of Rs 1,240 billion fiscal package on COVID-19, Rs 100 billion is allocated for the agriculture and Small and Medium-size Enterprises (SME) sector. An amount of Rs 15.7 billion was initially allocated for nitrogenous fertilizers that now has been diverted to phosphate and potash fertilizers. A subsidy …

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Bolstering economy during COVID-19 pandemic

Bolstering economy during COVID-19 pandemic

As the tally of coronavirus cases in Pakistan crosses 185,000 the impacts of the pandemic are beginning to gain strength. Pakistan faces both a humanitarian as well as economic challenge with continuing lockdowns causing problems for individuals and organizations alike. The slow financial growth is causing major concerns among various …

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COVID-19 and Pakistan’s economy

COVID-19 and Pakistan’s economy

Before the COVID-19 outbreak, Pakistan’s economy was already struggling to stay afloat but was in no danger of collapse. However, the pandemic has severely impacted the nation’s economy and may virtually push it to the brink of bankruptcy. While almost all nations have been substantially affected by the global health …

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Asian Economy: Overview, Growth & Development

Asian Economy: Overview, Growth & Development

Afghanistan’s peace needs capital to endure There is intense focus now on how to reach a peace agreement in Afghanistan, but little on how to sustain peace, particularly in an area that bores so many policymakers and pundits: economics. Yet peace with inadequate economic support risks adding demobilized soldiers and …

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CPEC the game changer for Pakistan’s politics, economy

CPEC the game changer for Pakistan’s politics, economy

Traditionally, Pakistan and China have cooperated closely at the strategic and political levels. Since 2014, the two countries are now making efforts to expand their bilateral collaboration economically as well. The construction of the China-Pakistan Economic Corridor (CPEC) is a milestone that clearly shows the shift. The CPEC is a …

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Pakistan: structural compulsion

Pakistan: structural compulsion

Humanity on the planet earth is the creature of experiences, symbols, identities, struggle and intelligence to observe. Nature, as an omnipotent phenomenon, is never a paradox for any individual or nation, since the cause and effect circle never ceases to exist, and the facts of eternal cycle of possibilities ever …

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