The rupee is in for a rough ride next year, industry sources and currency experts have warned, insisting that the local currency might face a significant devaluation as its current facade of stability is not backed by economic fundamentals. To back up their assertion, experts point to the current fiscal year’s data indicating troubling trends. For instance, remittances dropped by 10.3 per ce
Amidst the challenges of soaring energy prices, escalating impacts of climate change, and economic hurdles, Pakistan confronts a complex trilemma encapsulated by the three interlinked challenges of energy, environment, and economy. Presently, the country is grappling with inflated energy costs due to imported fuels, worsening local air pollution, economic instability, and challenges in delivering
As Pakistanis, it takes some effort to find hope in times like these. In the last few weeks, those associated with capital markets have found it in the spectacular rally of the KSE-100 index. Some may be excited about the two recent acquisitions: Aramco buying a 40 per cent stake in GO and Etisalat scooping up Telenor’s local operations. Others traditionally looked up to the flows in venture capit
It is noteworthy that the entire business community in Pakistan currently refrains from endorsing the idea of extending the caretakers’ tenure despite its recognition of the improved economic governance under Prime Minister Anwaarul Haq Kakar. The business community unanimously advocates for timely elections and a peaceful transfer of power to the next democratically elected government, emphasi
STUCK in a protracted cycle of stagflation, Pakistan’s economy faces numerous challenges. Some of these pertain to long-standing structural issues such as low tax revenue, a large energy-sector debt, the massive losses of SOEs and low exports. Others are of a more immediate nature and relate to a weakened balance-of-payments position amid few foreign, private and commercial inflows; they persis