The World Bank says that those generating electricity from the current system are benefiting significantly. The Country Director of the World Bank, Najeeb Bin Hussain, addressing a seminar in Islamabad under the title of "Bright Future," stated that Pakistan faces not only human issues but also ...

The economic model of Pakistan has come under scrutiny, with Mathew Verghis, the Regional Director for South Asia at the World Bank (WB), expressing serious concerns about its sustainability. During a ceremony held in Islamabad, Verghis emphasized the pressing need for urgent reforms, highlighting ...

Economic expert and former Chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi, has demanded the withdrawal of 5,000 rupee notes, closure of money exchange shops, and discontinuation of gas connections in affluent areas. Zaidi stated that the 5,000 rupee notes should be withdrawn and ...

On Thursday, the Senate Standing Committee on Maritime Affairs expressed deep concern about the unlawful activities of foreign trawlers engaged in illegal fishing. They specifically pointed out the smuggling of goods valued at $2 billion. Chaired by Senator Rubina Khalid, the committee, in its ...

Pakistan’s fiscal balance in the outgoing first half of FY23 posted a deficit of around Rs. 1.7 trillion, up 23 percent compared to the deficit during the same period of the previous fiscal year. In terms of percentage of GDP, the deficit arrived at 2 percent in 1HFY23, the same as last ...

ISLAMABAD – International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 3.5 percent and inflation at around 20 percent as post-pandemic aftershocks, and the Russia-Ukraine war impact hit the cash-strapped country. In the World Economic Outlook 2023, the US-based lender ...

Moody’s Investors Service has viewed the no-confidence motion as credit negative for Pakistan on Monday because it raises significant uncertainty over policy continuity, as well as the government’s ability to continue to implement reforms to increase productivity growth and secure ...

The $62 billion investment under CPEC promised tremendous dividends for the Pakistani economy, jobs for Pakistani youth, development infrastructure and a “game-changer” for Pakistan and the entire region. After approximately six years of CPEC, the question arises of how much this project has ...

ISLAMABAD - Adviser to the Prime Minister for Commerce and Investment Abdul Razaq Dawood Friday said the country’s exports had increased by 14 percent to US$ 22.563 billion during July to May 2020-21, as compared to the same period in FY 2019-20. On a monthly comparison with last year, in May ...

Exports of oil seeds, Nuts and Kernals witnesses increase of 193.66 percent during first ten months of fiscal year 2020-21. According to the data released by Pakistan Bureau of Statistics, oil seeds, nuts and kernals worth 84,671 thousand dollars have been exported as compared to their export ...