From Dependency to Independence: Strategies for Pakistan’s Economic Growth
- 05-Dec-2024
The economy of Pakistan has serious difficulties resulting from its degree of dependence on import goods, particularly the basic needs such as food, fuel, machinery, and technology. This relationship creates exposure to global market within which adverse prices shifts occur, creating a trade imbalance that adds strains on the country. In order to effectively cope […]
Population Control: A Path to Economic Prosperity in Pakistan
- 09-Sep-2024
Pakistan, like many developing nations, faces a myriad of economic challenges, including poverty, unemployment, and infrastructure deficits. One often overlooked factor contributing to these issues is the country’s rapid population growth. Controlling the birth rate through effective population control measures can offer a significant avenue for economic recovery. Why Population Control is Crucial Resource Scarcity: […]
Mired in multiple crises
- 17-Aug-2024
We have celebrated the 77th anniversary of our independence of Pakistan on 14 August. As usual, there were rallies, official functions, speeches gloating over the small successes while shying away from the blunders committed by us during these long years. The 14 August should actually be a day of reckoning and introspection. The day should remind us of our national failures rather than the […]
Caught in a cobweb of challenges
- 25-Jul-2024
We are entangled in a cobweb of multiple challenges that are hampering us to break out of our current serious situation and move forward. The lack of leadership; the want of political will; the political divide; the dichotomy of power; the hybrid governance; the social and economic injustice; the injudicious use of financial resources; the […]
How Hyperinflation is Crippling Pakistan’s Middle Class
- 15-May-2024
Pakistan is grappling with an unprecedented economic crisis, and the salaried class is bearing the brunt of it. Hyperinflation, characterized by an exponential surge in prices, has eroded the purchasing power of the middle class, leaving them struggling to make ends meet. The Numbers Tell the Tale Inflation has soared to a 48-year high, with […]
United States to support Pakistan’s economic reforms
- 17-Apr-2024
WASHINGTON: The United States vows to support Pakistan for economic reforms. On Tuesday, State Department spokesperson Matthew Miller told a press briefing that Pakistan has made progress in stabilizing its economy, and we support its efforts to manage its daunting debt burden. “We welcome last month’s announcement that the IMF has reached a staff-level agreement […]
Pakistan repays $1 bln in Eurobonds
- 13-Apr-2024
Pakistan has repaid $1 billion in Eurobonds as a scheduled payment ahead of seeking a long-term bailout from the International Monetary Fund (IMF). The bond, launched in 2014 and repaid on Friday, was maturing this month. “The payment was made to the agent bank for onward distribution to the bond holders,” the State Bank of […]
Global banks face negative outlook
- 04-Dec-2023
LONDON: Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in 2024, credit rating agency Moody’s said on Monday. Prior rate hikes by central banks and rising unemployment in advanced economies will weaken asset quality, Moody’s Investors Services said in an outlook […]
Rajapaksa brothers contributed to economic crisis: Sri Lanka court
- 14-Nov-2023
Sri Lanka’s top court ruled on Tuesday that former President Gotabaya Rajapaksa and his brother, former Prime Minister Mahinda, were among several government officials whose conduct contributed to the country’s worst economic crisis in decades. The court was ruling was on a petition filed against 13 former officials by rights group Transparency International Sri Lanka […]
PDM govt spent Rs10 billion on advertisement despite economic crisis
- 10-Oct-2023
ISLAMABAD: Despite the economic crisis, the Pakistan Democratic Movement (PDM) government spent Rs10 billion on advertisements on TV channels, newspapers and digital media, ARY News reported on Tuesday. A report was submitted to the Senate’s standing committee regarding the PDM government’s expenditures on advertisements from March 2022 to August 2023. The previous PDM government […]