ISLAMABAD: A few days ago, the deputy prime minister and planning minister of Pakistan visited China. The planning minister was in China to discuss the Joint Cooperation Committee (JCC) agenda and explore options for further enhancing cooperation under the China-Pakistan Economic Corridor (CPEC) framework. The deputy PM engaged with the Chinese leadership to discuss the future course of coop
Pakistan’s external debt has burgeoned into a formidable economic challenge, posing significant hurdles to its sustainable development and fiscal stability. As the nation grapples with the burden of mounting debt, there arises a pressing need to critically assess the feasibility of repayment from conventional revenue streams. This article elucidates the complexities surrounding Pakistan’s exter
The China-Pakistan Economic Corridor (CPEC) stands as a testament to the evolving landscape of international trade and economic cooperation. Spanning infrastructure projects, energy ventures, and economic zones, CPEC aims to bolster connectivity and development between China and Pakistan, while also potentially benefiting neighbouring regions. It is predicted that CPEC will result in the creati
Fiscal policy in Pakistan is usually far from a fine balancing act and is more of a reckless feat. It has long been marked by a contentious debate between austerity and stimulus measures – with the government oscillating between these two approaches, often thoughtlessly. Thanks to these policies, the past three years have been marked by high interest rates – a result of the State Bank of Pakist
As Pakistan faces mounting economic challenges, the government’s ambitious proposal to raise Rs1.2 trillion to Rs1.3tr in the upcoming budget through new taxation measures signals a bold attempt to stabilise the nation’s fiscal health. However, the effectiveness of these measures is tempered by the inherent weaknesses in Pakistan’s tax system, which is fragmented and unfair and leaves entire se