It is all a fiscal problem. Effective tax rates have reached a point where there is no economic incentive to invest in the economy, in the absence of which, economic growth will remain a distant dream. Total consumption as a percentage of GDP was almost 100 per cent in 2024-25; the highest ever. Any growth to be driven by consumption will be short-lived. Any sustainable growth requires massive
The Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, has assured exporters that the government would remove hurdles in meat exports to various international markets and will extend all possible facilities to meat exporters. The minister assurance came while presiding over a meeting to address the bottlenecks faced by meat exporters in exporting meat to M
The State Bank of Pakistan (SBP) has signed an agreement with the International Finance Corporation (IFC) — a member of the World Bank Group — to strengthen local currency financing and support private sector growth in Pakistan, according to a press release issued on Monday. According to the World Bank, borrowing in foreign currencies exposes clients to the risk that debt and debt service payme
After receiving approval to restart flights to the United Kingdom, Pakistan is now preparing to resume direct air links with the United States, Aviation Minister Khawaja Asif said on Monday. Speaking to a private TV channel, Mr Asif indicated progress in discussions with American aviation authorities. “Hopefully, permission will be granted soon,” he said, adding that the government is
s Pakistan gears up to regulate crypto and blockchain, with the creation of a United Arab Emirates-like Virtual Assets Regulatory Authority, a specific use case related to stablecoins — a unique form of digital currency — raises concerns. These concerns, amplified by recent stablecoin legislation adopted by the US, have also led the European Central Bank to fast-track its plans for a digital euro,