Tag Archives: GDP

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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Pakistan hospitality and tourism industry has great future

Pakistan hospitality and tourism industry has great future

* Pakistan Super League becoming a major source of income for PCB * Revolutionary change is required in the whole taxation system * Effective, efficient ERP Systems must for aviation sector growth Interview with Mr Ahmad Suleman Zahid – Director, Corporate General Solutions (Pvt) Limited PAGE: Tell me something brief …

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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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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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Fertilizer policy 2022

fertilizer policy 2022

*Fertilizer Policy 2022 to enable move to WACOG and leverage excess urea capacity in the country through exports* Pakistan, being an agrarian state with 20% GDP contribution and around 70% of the total population depending on agriculture for its livelihood, the role of Urea Industry has been of pivotal importance. …

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2022 will be very good business and economic year for Pakistan

2022 will be very good business and economic year for Pakistan

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 …

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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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CPEC holds huge significance for Pakistan’s economy

CPEC holds huge significance for Pakistan’s economy

Interview with Sardar Shoukat Popalzai – President, Balochistan Economic Forum PAGE: How would you comment on CPEC as a game changer? Sardar Shoukat Popalzai: A Massive $62 billion investment project underway in Pakistan — the China Pakistan Economic Corridor (CPEC) is seen as a game changer for the country’s economy. It …

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Review of Govt steps for health facilities

Review of Govt steps for health facilities

According to the statistics published in Pakistan Economic Survey, socio-economic factors such as health, education, income, employment etc., are closely interlinked with Human Development Indicators (HDI). Pakistan has recorded improvement in health indicators over the previous 3-year. Life expectancy is grown from 66.9 years in 2017 to 67.3 years in …

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