The country is stuck in a low-growth trap. A shift in the economic model from consumption to export-oriented growth necessitates the availability of affordable electricity. The age-old practice of passing on prices to the consumer will only add more burdens on the consumer and further restrict growth. Electricity consumption per capita has consistently declined over the last five years, wherein
Despite holding rulers accountable for recurring crises and economic underperformance, Pakistanis maintain high expectations from the government. Nonetheless, they actively extend moral and material support to the needy, especially in the month of Ramazan, showcasing compassion strengthened by their faith. While Pakistanis do support philanthropic causes, particularly in health and education, t
Pakistan has gone to the International Monetary Fund (IMF) 20 times before the National Finance Commission (NFC) award in 2010 and four times since 2010. Pakistan’s current financial woes did not begin with the NFC award, nor would they lessen by reducing the allocations to the provinces. Unfortunately, we continue to debate about dividing the pie because only economic growth is a sustainable s
In the aftermath of a significant crackdown on the jewellery sector in September aimed at curbing speculation and smuggling, the only benefit that appears in sight so far has been the advancement of daily bullion rate announcements by three to four hours. Previously, these rates were released around sunset. However, a series of commitments made by the bullion trade representatives to law enforc
Pakistan’s exports to European countries have begun to dip in the current fiscal year despite a GSP+ status that allows duty-free entrance into European markets for the majority of its products. In absolute terms, Pakistan’s exports to European countries dipped year-on-year by 6.89 per cent in the first eight months of the current fiscal year to $5.411 billion from $5.812bn in the corresponding