New tenants in ‘Block Q’ neighbourhood
The macro numbers are not showing a good picture. Inflation is creeping up again. The current account posted a deficit last month to eat up all the surplus of the…
A highly flammable summer
It was the biggest mystery. For months, since the economy started to slide into an entirely predictable and avoidable crisis, well to do Pakistanis would cite restaurant traffic and the…
‘Learning From Others’—II
In Pakistan we do not appreciate the fact that we have lived beyond our means’ for far too long at our own peril. Ways and means as well as the…
Solution: import substitution
Pakistan is facing the worst-ever economic crisis in its history. Fiscal and current accounts do not balance; and there is no sign that they will in the near future. As…
Impacts of Covid-19 on foreign investors
The Overseas Investors Chambers of Commerce and Industry (OICCI) conducted among its member companies a survey this month to evaluate the impact and challenges arising out of Covid-19 on the businesses of…
Tapping the digital banking potential
Based on extrapolation from a 2005 SMEDA survey, and using commercial and industrial electricity connections as a proxy, Pakistan has five million MSMEs (micro, small and medium enterprises). Out of…
Budget speech 2021-22
The full text of budget speech of Minister for Finance and Revenue Shaukat Tarin that he delivered in the National Assembly on Friday, June 11, 2021 Bismillahir-Rehmanir-Rahim Mr. Speaker, 1.…
Pakistan’s economy: Are interest rates relevant?
The level, extent, nature and composition of ‘cash economy’ of the country constitute a subject which is not researched and identified on scientific basis in Pakistan so far. All calculations…
FDI: under-developed, developing economies
A report in press based on facts that during the current period the amount of dividend remitted out of Pakistan on foreign investment is more than the amount of investment.…
Foreign assets and foreign assets declaration law
Strengthening the rule of law The Federal Board of Revenue (FBR) in exercise of its powers under the Assets Declaration Act has released the rules for the process and procedures…
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