Given Pakistan’s huge population, currently growing at 2.55 per cent annually, as revealed by the 7th National Population and Housing Census 2023, the country needs to boost agricultural output by at least the same rate, if not higher. Across the globe, the most common approach used to accomplish this is through intensification (enhancing crop yields and cropping intensity) and extensification (ex
Pakistan’s economy is beginning to show signs of stabilisation, as recent data on inflation and forex inflows suggest. While this is indeed a positive development and brings some much-needed optimism, steering the country towards sustainable high growth will require significant structural changes. In FY25, the federal government anticipates collecting nearly Rs13 trillion in taxes, with three-f
The number of passengers travelling by air increased 31 per cent to 4.2 billion in 2023, according to a report by the International Civil Aviation Organisation (ICAO). The number was over 3.2bn passengers in 2022 but slightly below the pre-pandemic levels of 4.5bn passengers in 2019. In its ‘2024 Safety Report’ released this week, the global aviation body said 2023 was the safest of the past
Considered an experienced hand when it comes to dealing with the international lender of last resort, Deputy Prime Minister Ishaq Dar has criticised the International Monetary Fund (IMF), accusing it of deliberately delaying disbursement of funds to the country after the Pakistan Democratic Movement took over the reins of the government from the PTI, leading many to speculate that Pakistan was on
Pakistan Stock Exchange (PSX) displayed range-bound movement and closed flat on Thursday as weak economic numbers and delay in approval of an International Monetary Fund (IMF) loan programme weighed on investor interest. The market exhibited considerable volatility, oscillating between the intra-day high of 79,154.30 and low of 78,578.02 points. Institutional investors resorted to profit-bookin