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Income inequality: export-led growth only solution

Pakistan is currently in difficult circumstances, grappling with deindustrialization and widespread unemployment. The country’s inflation rate at 36.4% has forced millions of families into subsistence conditions. Shockingly, 22% of the…

Minerals for growth and development

Recent global experience shows that minerals have driven high economic growth in many low and middle-income countries. With the right approach, they can be equally useful in Pakistan, to drive…

IT boost for economic growth

Total world trade in IT services crossed $1 trillion in 2023 – and it is growing. IT services are now 14 per cent of all services trade, a big jump…

Digitization key to revenue growth

Pakistan has been facing the perpetual challenge of expanding its tax base without any tangible results, a situation that is quite ironic given its need for broader revenue sources to…

Growth & inflation statistics

OUR inflation data compiled by the Pakistan Bureau of Statistics (PBS) is one the best datasets in the country. Its coverage is wide and not only does it follow data…

Women’s work and growth

TWENTY-THREE per cent of women aged 15-plus are in the formal labour market. Much has been made of this statistic. It’s certainly among the lowest in the world. And it…

Pakistan’s weak economic growth outlook

The July update of International Monetary Fund’s (IMF’s or simply Fund’s) flagship report, titled ‘World Economic Outlook’ (WEO) projected Pakistan’s economic growth rate for fiscal year (FY) 2023-24 stood at…