Tag Archives: GDP

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 …

In this article, sector specific and international trade hurdles will be discussed in detail: 2- Sector specific hurdles a) Agricultural taxation Agricultural taxation is prone to outdated political system which is mainly dependent upon the feudal system. Every government is afraid of losing the massive vote bank of farmers by …

* 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 …

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 …

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 …

*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. …

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 …

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 …

China, officially the People’s Republic of China, is the second largest economy in the world and the fastest growing trillion-dollar economy. With a GDP of $15 trillion plus in 2020, it makes up almost 20 per cent of the global economy. When compared on the basis of Purchasing Power Parity …

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 …

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 …

For more than 70 years, Gross Domestic Product, or GDP, has been the key yardstick by which nations have measured economic progress. But GDP is designed to exclusively account for the monetary benefits accrued from economic activity. It is blind to the degradation of the natural environment, finite resources and …