economic growth

Industrialists are urging the government to create a level playing field for all participants in the local industry to promote economic growth. They have criticized current banking laws, citing a…

The World Bank’s board of executive directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy (RISE-II) operation in Pakistan on Tuesday. RISE-II aims to strengthen…

The parking of bank deposits in the safe-haven government debt securities hit a new high at 92% in November 2023, leaving very little financing for the private sector, which has…

Pakistan has marked the 10-year milestone of the China-Pakistan Economic Corridor (CPEC). This game-changing initiative has paved the way for extensive infrastructural development, economic growth, and strengthened bilateral ties between…

It is generally accepted that Pakistan needs structural reforms for sustained and inclusive economic growth. On the contrary, there is much less consensus on the actual contours and implications of…

Development processes are meant to empower people and add to their social, cultural, economic and political wellbeing. If people remain disempowered, no angels are going to come in and lift…

Every government in Pakistan has made tall claims about development and delivering wonderful benefits to the people in its name; and yet Pakistan continues to occupy lowly positions in world…

The World Bank sharply lowered Pakistan’s current year growth forecast, saying the country’s economic growth prospects have weakened due to tighter financial conditions and limited fiscal space. The World Bank…

Sri Lanka will slash its army by a third to 135,000 by next year and to 100,000 by 2030, the defence minister said on Friday, as the country facing its…

China will reopen the border with its special administrative region of Hong Kong on Sunday for the first time in three years, as it accelerates the unwinding of stringent COVID…

With fiscal deficit widening by more than 115pc in the first four months (July-October) of the current fiscal year, the Ministry of Finance (MoF) on Friday forecast the inflation to…

Pakistanis have been overwhelmed by the challenges our country faced in 2022. The collapse of economic growth, the corrosion of trust in the country’s institutions, the calamitous climate change induced…

President Dr Arif Alvi on Monday termed the continuation of policies essential for sustainable economic growth, promotion of industrialization and attracting foreign investment. He underlined that digitalization of economy and…

Pakistan’s population growth and economic wellbeing are intertwined. On the one hand, we project population dividend as a massive target market. On the contrary, economic boom and bust cycle is…

Dozens of countries around the world have successfully improved the living standards and prosperity of their citizens by adopting one path or another. The path to becoming a middle-income country…

As the nation celebrates 75 years of independence, Pakistani people and businesses continue to strive for freedom from want/fear/nepotism and liberty to compete, to choose, to access economic opportunities, to…

The UN General Assembly on Monday adopted, by consensus, a resolution — sponsored by the five central Asian states and supported by Pakistan — that called for strengthening connectivity between…

Federal Minister for Planning and Development Asad Umar on Wednesday has said that the government of Pakistan Tehreek-e-Insaf (PTI) is taking steps for the economic growth of the country. While…

Revamping tax system from regressive to progressive through changing culture at the Federal Board of Revenue (FBR), improving agricultural yields, raising investment for water conservation and ensuring policy support for…

Prime Minister Imran Khan has said that the government is providing full support to foreign investors under the ‘ease-of-doing-business’ policy. The prime minister expressed these views in a meeting with…