Pakistan has an enormous untapped resource to boost economic growth significantly. Its two key bases of foreign exchange earnings are exports and remittances. Each one contributes about $30 billion annually. Another source that can contribute an equivalent amount, as per a study by the McKinsey Global Institute, has received little attention. The untapped source is women’s empowerment. Pakis
Six vessels of genetically modified oilseeds (soybeans and canola) have been stuck at Port Qasim, awaiting clearance from the federal government. This issue has, once again, revived an old debate in the country about regulating genetically engineered/genetically modified organisms (GMOs), as arguably they have potential adverse effects on human health and the environment. GMOs are animals, plan
Pakistan’s external debt servicing for FY23 stands at 60 per cent of its exports, up from 12pc in FY11. While emerging market economies have seen a similar trend over the past decade, the increase has been relatively modest. For large emerging economies, external debt servicing as a percentage of exports and primary income increased from 12pc in 2011 to 30pc in 2020. The external debt servicing
Finance Minister Ishaq Dar on Saturday said that Pakistan is heading in the right direction and it will not default despite the opposition’s propaganda. “Pakistan will not default just because of the propaganda of the opposition (Pakistan Tehreek-i-Insaf). The country’s direction is right and it is not heading for default,” Mr Dar declared during his interaction with businessmen. PTI Chairma
Pakistan’s exports to nine regional countries posted a negative growth of 1.32 per cent in the first four months of the current fiscal year from a year ago mainly driven by a drop in export proceeds to China, the latest data released by the State Bank of Pakistan showed. The country’s exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives account for a