Pakistan’s targeted GDP growth of 3.5 per cent for the next fiscal year isn’t too low to create some jobs. And meeting this target over a skinny base of 0.3pc growth during this year is also not at all difficult. The budget FY24 presents some proposals which, if approved and implemented honestly and efficiently throughout the next fiscal year, can create jobs in some sub-sectors of industries a
The budget for the next financial year unveiled by finance minister Ishaq Dar on Friday will set up the country’s collapsing economy stuck in an impassable rut for another year of stagflation marked by depressed growth, high inflation, and greater and faster debt accumulation. Mr Dar’s budget and his fiscally irresponsible spending plans are all about politics — more precisely about upcoming el
Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world, on the first day of the China-Arab business conference in Riyadh. The meeting comes amid growing commercial and diplomatic ties between Beijing and Middle Eastern countries, including a recent landmark Chinese-brokered rapprochement between powerhouses Iran and Saudi Arabia that has shifte
The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) is organising an International Conference on Digitalisation of Taxes in Pakistan, in collaboration with the Federal Board of Revenue (FBR), in Islamabad on June 20. The three-day conference is being held in the context of an ESCAP technical assistance project to FBR, which focuses on four areas of informati
The coalition government has identified key risks to the next year’s budget and the medium-term macroeconomic outlook, including the current financial and operational performance of state-owned enterprises (SOEs), rising public debt, movement of interest and exchange rates by the State Bank of Pakistan, and climate change. In an integrity statement submitted to parliament required under the Pub