The successive resignations of Supreme Court judges test the resilience of the judicial system, pre-election disputes strain the inner cohesion of political parties, and stagflation pushes the endurance levels of the working masses. While the country slowly moves forward despite daunting challenges with the support of donors, the GDP gap not only persists but has likely been growing. The GDP ga
With incapable overseers in action, Pakistan’s real estate industry stays in the hands of cartels whose executors — land acquisition experts, development companies, real estate consultants and construction groups — manifest a unity that manipulates property prices and controls the market to fill their pockets. Let me start with how the world responds to the real estate cartels. On 15th December
With the government scrambling for dollars, knocking one door after the other to raise cash to keep the ongoing balance of payment crisis from morphing into a sovereign default, not less than a billion dollars in ‘overdue export proceeds’ remain to be repatriated. The overdue export proceeds are those where an exporter is unable to repatriate their export revenues within 90-120 days from the da
Caretaker Commerce Minister Gohar Ejaz has said that exports will cross $100 billion in the next five years if the 10,000-acre new industrial zone in Karachi is materialised, which will also create three million new jobs. Addressing the business community at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday, Mr Gohar said the new industrial zone would be aligned w
Pakistan’s yearly consumer inflation rate stood at 29.7 per cent in December 2023, which means that those who earned Rs100,000 per month needed Rs 129,700 to maintain their lifestyle at a year-ago level. Obviously, most individuals and households had no opportunity to make the additional Rs29,700. Inflation numbers don’t tell us about their sufferings, let alone the sufferings of the jobless. W