Technology prevails
Technology; the strongest resource of our times, is grossly mis-understood in the Islamic World. While technology produces, science consumes resources. It is all about application and commercialization of scientific research…
Struggle for steel continues
Steel is the basic building block of development. It was due to the influential import lobbies that Pakistan lagged in this vital area. In Kalabagh the largest Iron Ore reserves…
Export ambitions vs economic realities
While the Government is seeking a 100% increase in exports over the next three years, maintaining even the current level would be miraculous given current economic policies that fail to…
The energy rip-off
Once an energy surplus country today it faces a circular debt of Rs 5.725 trillion, in addition to the power shortfall of Rs 2.703 trillion. The Islamic Republic of Pakistan…
Why emphasis on export-led growth becomes imperative
In the expansive arena of economic governance, Ludwig von Mises’ profound assertion resonates: “If one rejects laissez-faire on account of man’s fallibility and moral weakness, one must, for the same…
We just can’t compete
Distortions caused by a distraught policy landscape — from high energy costs to an industry-wide liquidity crisis — have made it next to impossible for Pakistani exporters to compete in…
Textile sector: removing structural inefficiencies
The textile sector continues to steer Pakistan’s economy through difficult conditions, consistently outperforming other sectors and adding value. Textile and garment exports increased by 23 percent year on year to…
Decline in China’s exports
Coronavirus has brought the Chinese economy and polyester and textile industries in the country under pressure. Parallel to the 2003 SARS crisis, polyester demand could decrease as business activities stopped.…
Supply chain disruptions
2020 was a year of volatility. Global prices and indices moved down and up like anything. Trends are yet to normalize. Oil futures went down to negative for a short…
FY22 budget: textile sector’s perspective
The Federal Budget for FY22 was announced on June 11th, 2021. The new economic team has accordingly set goals for the next two years, with an agenda characterized by two…
