News

PBIT targets tangible projects to woo investors

Punjab Board of Investment and Trade (PBIT) Chairman Muntaha Ashraf has said that the board is introducing well-prepared and tangible projects to attract investors. Speaking at a meeting with members of the Lahore Chamber of Commerce and Industry (LCCI), he stressed that instead of mere documentation, the PBIT was committed to developing solid, investment-ready projects to facilitate potential

Visa rejections for Pakistanis

Pakistan's economic struggles have deepened as the IMF's stringent stabilisation measures, including subsidy cuts and higher taxes, have choked economic growth, stifled job creation, and fuelled unemployment, especially among the youth. However, as misfortunes never come alone, Pakistani workers now face another challenge due to the rejection of their visa applications in Gulf countries, partic

Policymaking: the wrong choices

Economic policy is about choices and the right policy choices make the difference. Pakistan, unfortunately, for the last four decades has been making the wrong ones. No wonder, we are in a 24th IMF programme, unable to get ourselves out of this vicious cycle of slow growth, higher taxes, unsustainable budget deficits, excessive debt burden and a never-ending balance of payments crisis. Our m

Stocks scale new peak despite political, security concerns

Dominant bulls managed to navigate the Pakistan Stock Exchange (PSX) through turbulent paths to an unprecedented level above 100,000 despite economic, political, and security concerns during the outgoing week. The unending political instability, rising costs, and deteriorating law and order situation were key worries of big businesses and multinational companies, warning that these issues force

Navigating the cost of instability

The economic impact of PTI’s protest in Islamabad, coupled with administrative measures to limit participation, counter its message, disperse the crowd, and clear the venue, extends beyond the huge financial toll, estimated at Rs950 billion, on the country. The projected losses, amounting to Rs190bn per day over five days, are attributed to disruptions to transport, supply chains, and economic