economy

Structural reforms will put national economy on right path: Khusro

Structural reforms will put national economy on right path: Khusro

(Web Desk) – Minister for Planning and Development, Makhdum Khusro Bakhtyar says quantum of consumption in Pakistan is at ninety three percent of GDP, the highest among the emerging economies.He was addressing the inaugural session of a three-day 34th Annual General Meeting and Conference of Pakistan Society of Development Economists that began in Islamabad.The Planning […]

Naya Pakistan Housing Project will improve economy, says PM Imran

Naya Pakistan Housing Project will improve economy, says PM Imran

ISLAMABAD (Web Desk) – Prime Minister (PM) Imran Khan on Thursday has expressed confidence that Naya Pakistan Housing Authority project would bring about significant improvement in the economy of the country.He made these remarks during meeting of the Federal Cabinet in Islamabad.PM said the project would be undertaken through one window operation.Imran Khan said Pakistan’s […]

Recovery of bad debts can help boost economy

Recovery of bad debts can help boost economy

ISLAMABAD:Financial institutions of a country are very important. Fiscal strength of these institutions determines the strength of the economy.However, just like other institutions in Pakistan, previous governments failed to pay attention to their improvement. Now, the responsibility is on the new Pakistan Tehreek-e-Insaf (PTI)-led administration, which has so far remained undecided about how to handle financials […]

Pakistan should shift to efficiency-driven economy

Pakistan should shift to efficiency-driven economy

ISLAMABAD:International institutions use different criteria to classify economies. The World Bank classifies economies on the basis of per capita income into low-income ($1,005 or less), lower middle-income ($1,006-$3,955), upper middle-income ($3,956-$12,235) and high-income groups ($12,236 or more).Likewise, the International Monetary Fund (IMF) categorises countries into emerging or developing and advanced economies. In the UN system, […]

Pakistan’s economy to slow down to 5.2%

Pakistan’s economy to slow down to 5.2%

ISLAMABAD: Pakistanis may soon feel the impact of tight fiscal and monetary policies in their daily lives, as the government has lowered its all major macroeconomic targets and projected that the economy will slow down to around 5.2% this year.Pakistan shared on Thursday its revised macroeconomic indicators with the International Monetary Fund (IMF) during first day […]

Iran replaces central bank chief as economy faces crisis

Iran replaces central bank chief as economy faces crisis

TEHRAN: Iran replaced its central bank chief on Wednesday, local media reported, amid the fallout over banking scandals and the crisis facing the country’s economy. Valiollah Seif, who had served as the bank’s governor since President Hassan Rouhani took power in August 2013, was replaced by Abdolnasser Hemati following a cabinet meeting, according to the […]

CPEC strengthened economy of state: President Mamnoon Hussain

CPEC strengthened economy of state: President Mamnoon Hussain

QINGDAO;President Mamnoon Hussain said Pakistan has rendered unprecedented sacrifices in war on terror to bring peace in the region.Addressing the SCO Summit at Qingdao in China on Sunday, he said the law and order situation has improved in Pakistan during the last few years due to effective efforts against terrorism and extremism.He said that peace […]

CRE organizes Workshop on Emerging Issues, Challenges & Opportunities in Rural Economy

CRE organizes Workshop on Emerging Issues, Challenges & Opportunities in Rural Economy

By, Asghar Ali Mubarak; 20 March 2018 The first workshop on the theme: “Emerging Issues, challenges and Opportunities in Rural Economy of Pakistan” was organized by Centre For Rural Economy (CRE), Ministry of Planning, Development and Reform here on Tuesday. The speakers/participants on the occasion discussed issues specific to rural economy and also suggested the […]

Adviser Finance reviews budget preparations, Steps for improving in all sectors of economy discussed

Adviser Finance reviews budget preparations, Steps for improving in all sectors of economy discussed

By, Asghar Ali Mubarak, March 04, 2017 Islamabad; Adviser to Prime Minister on Finance, Dr. Miftah Ismail here on Sunday chaired a meeting to review the activities related to preparation of Budget 2018-19. The additional Secretary budget gave the meeting a briefing on the budget preparations and shared timelines for various activities. The Adviser directed that […]

Government would undertake some major steps for the improvement of economy in the next five months, Miftah Ismail

Government would undertake some major steps for the improvement of economy in the next five months, Miftah Ismail

KARACHI: (News Desk): Adviser to Prime Minister on Finance Dr. Miftah Ismail has said that the government would undertake some major steps for the improvement of economy in the next five months. Speaking as a chief guest at a reception organized in his honour by the Institute of Chartered Accountants of Pakistan (ICAP), here  on […]

Pakistan’s economy moving towards rapid growth and stability: PM

Pakistan’s economy moving towards rapid growth and stability: PM

ISLAMABAD (Web Desk) – Prime Minister Nawaz Sharif has invited global entrepreneurs to invest in Pakistan and take advantage of its strategic location, rich human and material resources, political stability and attractive investment policy. He was addressing corporate and business leaders from around the world in Islamabad today (Thursday). The Prime Minister said Pakistan with […]

Pakistan to surpass Canada’s economy by 2050: PWC report

Pakistan to surpass Canada’s economy by 2050: PWC report

(Web Desk) – A report by management consultancy PricewaterhouseCoopers forecasts that Pakistan could surpass the Canadian economy by 2050. “By 2050, emerging economies such as Mexico and Indonesia are likely to be larger than the UK and France, while Pakistan and Egypt could overtake Italy and Canada,” PWC said in a report published Tuesday. Bloomberg  surprised  […]