Fourteen years ago, in FY10, Pakistan’s top 10 destinations for goods exports included the USA, UAE, Afghanistan, China and the UK, respectively. A decade later, in FY20, the top five export destinations changed a bit. The USA remained top but was followed by China, UK, UAE and Germany. Afghanistan disappeared from the list, data compiled by the State Bank of Pakistan reveals. These five countries
In the minute it took you to read this little piece, Pakistan International Airlines lost over Rs234,000 or roughly equivalent to the minimum wage of about seven people. PIA’s losses are so staggering that it is hard to wrap one’s mind around them. Even back in 2005, PIA was so deep in losses that one hour’s losses could have paid nearly three dozen people for a month (assuming a minimum wage o
The widespread departure of illegal aliens, spurred by the caretaker government’s abrupt decision to crack down and deport individuals lacking valid documents in Pakistan, has the potential to leave lasting impressions not only on the country’s political landscape but also on its domestic economy. Official circles and some economists downplay the potential adverse impact on Pakistan’s economy f
In a bid to meet a crucial deadline of the IMF and protect funding from major multilateral agencies, the government has finalised a fiscal strategy envisaging all future investments — including those coming through the newly formed Special Investment Facilitation Council — to be completely climate resilient. Under the strategy, the public sector development programme (PSDP), public-private part
The prices of petrol and high-speed diesel (HSD) are expected to decline by Rs8 to Rs10 per litre each on Nov 15 for the next fortnight, mainly due to lower prices in the international market. Informed officials said that the international prices of both HSD and petrol had fallen over the past two weeks. However, the rupee depreciated against the dollar during the same period, reducing the bene