Tag Archives: Economic

Karachi business community must work as one for the growth of a city Interview with Muhammad Farooq Afzal — President/CEO, ITN Group of Companies PAGE: How would you comment on the problems encountered by the business community of Karachi? Muhammad Farooq Afzal: Karachi is the commercial hub i.e. Commerce and Industrial …

International researchers identified that the foreign aid is a significant source of income in developing states and carries potential to play a main role in enhancing economic growth. The traditional literature on economic growth emphasizes the optimistic role of foreign aid in the process of economic development. It influences the …

The global economic structure has fallen headlong from the covid-19 pandemic into a challenging energy crisis. At the outset, the losses from the developing crisis are already higher than the super-recession that began in 2007. The oil prices per barrel is set to a hit an all-time high of 100 …

Interview with Muhammad Farooq Afzal — President/CEO, ITN Group of Companies PAGE: How would you comment on the socio-economic development in Pakistan over the period of last 7 decades? Muhammad Farooq Afzal: Pakistan has progressed from a low-income to a lower middle-income developing economy while GDP per capita increased from US$294 in …

Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates PAKISTAN & GULF ECONOMIST had an exclusive conversation with Mr Ashfaq Yousuf Tola regarding Workers’ Remittances, Tax Revenue Collection, Foreign Direct Investment, Balance of Trade in Goods and Balance of Payment. Excerpts of the conversation are as follows: According to the …

Lower interest rate, resolution of circular debt, enhancing exports, and spotlighting on digitalization the positive steps for progress Need for improvement in agriculture research to compete advanced marketplace Government and private sector must stay on same page to achieve demand of ‘ease of doing business’ Future policymaking and implementation should …

Prime Minister claims that the government has created financial discipline for the first time in the history of the country whereas current account is in surplus for the first time in last 17 years. International media is praising Pakistan on its handling of coronavirus. Government of Pakistan gave an economic …

Various studies identify that women’s empowerment is a procedure of social and personal change, taking place over interlinked and mutually reinforcing political, psychological, social and economic domains, and by which women individually and collectively gain power, meaningful selections and control over their lives. It is not a linear, uncontested procedure …

As private capital flows have fallen, the International economists reveal that workers’ remittances have become an increasingly prominent source of external funding for various developing states. They have also revealed that international migrants contribute positively to economic growth in their countries of destination. In fact, foreign workers assist the start-ups …

The studies identified that countries should strive to promote a wider use of bank deposits not only to aid economic development and poverty alleviation but good to complement the mainstream macro prudential strategies to improve financial stability in a country. Moreover, banks have always played a significant position in any …

Economic structures Agriculture accounts for 25% of the country’s total economy. The main crops are cotton, rice, wheat, sugarcane and corn. Pakistan is also an exporter of fruits and aquatic products; industry accounts for 24% of the total economy, textiles and chemicals, Medicine, steel, building materials, cement, fertilizers, sports products, …

During the recent past season of monsoon, which saw record-breaking rainfall in Pakistan, it saw people indulging and focusing on hurdles in the big cities with facilities and luxuries. Mass debates were held to discuss the facts of life and how everyday life was affected. Vigorous emphasis and analysis were …