Tag Archives: Economy

Tourism amid pandemic: Silver lining in the clouds

Tourism amid pandemic: Silver lining in the clouds

Globally, travel and tourism are the significant contributors to a leading sector for job creation, socio-economic and cultural development worldwide. In many countries, tourism and leisure industry plays a critical role as a strategic pillar of the economy’s GDP. However, it has also become the most vulnerable industry member. Before …

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Government Initiative

Government Initiative

All are equal in rule of law: Imran Khan Prime Minister Imran Khan presently urged the government of Pakistan firmly believed in the rule of law and stressed that law should be applied equally to the elite and ordinary citizens. PM was talking to a delegation of Insaf Lawyers Forum …

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Asian Economy: Overview, Growth & Development

Asian Economy: Overview, Growth & Development

84PC of firms in Japan see economic growth in 2022 About 84 percent of major companies in Japan expect the country’s economy to grow in 2022, driven by recovering personal consumption amid hopes that the coronavirus pandemic will subside, a Kyodo News survey showed Sunday. In the survey of 106 …

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Kibor Rates

Kibor Rate

Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency  and improve management of the market risk undertaken by banks.   Kibor Rates In Pakistan TENOR BID OFFER …

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Challenges of 2022

Challenges of 2022

Pakistan is in its 75th year of independence, in all these years, Pakistan initially progressed very well and had somewhat reasonable economic performance in the later years. However, it is on a decline since 2005, which is very unfortunate. Almost everyone now feels that country is slipping from the hands …

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Hurdles being faced in documenting economy – Part I

Hurdles being faced in documenting economy – Part I

The economy of Pakistan, like any other economy is of two types: 1) documented or formal economy and 2) undocumented or black economy. Documented economy connotes that the business as well as employment is registered with the relevant registration authorities, as well as taxation authorities. On the other hand, undocumented …

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Evolution of IT during the pandemic

Evolution of IT during the pandemic

The pandemic and lockdowns around the globe have raised importance for many sectors and industries that perhaps previously were overlooked. It is generally assumed that the word Information Technology, or simply put, IT, has something to do with fixing computers, or running the internet or Wi-Fi, and to some extent, …

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Digital Economy during COVID-19

Digital Economy during COVID-19 

The COVID-19 pandemic had disrupted both supply and demand sides of an interconnected world economy. Lockdowns, travel and trade restrictions affected nearly all aspects of cross-border economic activity. Global supply chains were forced to acclimatize. Foreign direct investment became slowed. Trade was hit hard as demand fell. Financial vulnerabilities were …

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Economic review in FY2021

Economic review in FY2021

According to the economic survey of Pakistan, economy of Pakistan rebounded strongly in FY2021 and recorded growth of 3.94 percent which is not only substantially higher than the last 2-year but also surpassed the target (2.1 percent for FY2021). Despite strict fiscal constraints, timely and appropriate strategy measures taken through …

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Government Initiative

Government Initiative

Saudi Foreign Minister meets Pakistani PM Imran Khan Sources recorded that the years 2020 and 2021 are especially marked by the outbreak and evolvement of the COVID-19 pandemic. This was in the first place a humanitarian crisis. According to the Corona Virus Resource Centre of the Johns Hopkins University by …

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