PAKISTAN’S economic situation is unquestionably dire. The yawning trade and current account deficits, galloping inflation and default prospects have generated significant comment. It is noteworthy, though, that the working masses, who bear the biggest brunt of the downward economic spiral, barely feature in most analyses. Most commentary has focused on the efficacy of short-term fixes like the
SELDOM before in the past few decades have I heard Pakistanis — friends, students, colleagues, acquaintances and even strangers — sound so despondent and negative about the future of the country as I have over the last few months. The economic situation has been tough for a few years now. But the mood over the last year or so has really turned sour. And continues to be so. The economic situatio
PML-N leader Miftah Ismail on Thursday expressed regret over bringing up Ishaq Dar’s relation to the Sharifs during a tirade on his ouster as finance minister. In a podcast with internet personality Nadir Ali on Wednesday, Ismail said that he was removed as finance minister in September last year and did not want to resign. The PML-N leader also blamed Dar for orchestrating a campaign to und
Prime Minister Shehbaz Sharif on Thursday assured his Chinese counterpart Li Keqiang of timely completion of China-Pakistan Economic Corridor (CPEC) project and safe environment for investors. “Pakistan would provide a completely secure and conducive business environment for Chinese investors,” Mr Shehbaz said during a long telephonic conversation with Mr Li. Separately, PM Shehbaz issued di
Welcoming the people involved in the largest acquisition of a local software company by an American firm to the Pakistan Stock Exchange (PSX), PSX CEO Farrukh H. Khan said on Thursday the transaction bodes well for the burgeoning IT industry of Pakistan. Stock trading began with Lord Aamer Sarfraz of Kensington striking the gong to mark the acquisition of Cloudways — which provides small and me