A FRIEND in need is a friend indeed. China, Saudi Arabia, and the UAE have lived up to the adage, rescuing Pakistan multiple times in recent years by propping up its international reserves through large cash deposits and loans, as well as rolling over their debt, to help it access IMF funds in order to avert a sovereign default. Of late, though, they appear a bit hesitant to lend a helping hand
Expecting the stability of a developed market and growth rates of a developing market is unreasonable; it is a high risk, high return scenario,” says Unilever’s Chairman and CEO Amir Paracha in an interview with Dawn. Companies that withdraw during challenging periods often miss out on substantial opportunities, Mr Paracha argues, citing examples of international banks and foreign pharmaceutica
A study published by the Asian Development Bank finds that Pakistani migrants tend to remit more when economic conditions are improving back home and when there is positive association between remittances and domestic economic activity. “This suggests that there is an opportunistic dimension to the remittance motives of Pakistani migrants. They remit money to take advantage of investment opport
PESHAWAR: Sarhad Chamber of Commerce and Industry president Fuad Ishaq on Monday expressed concern about the imposition of two per cent tax on exports as Infrastructure Development Cess and said the move had halted export consignments worth billions of dollars and rendered huge financial losses to exporters. Along with trader leaders, manufacturers and exporters, Mr Ishaq told reporters at the
Traders’ bodies on Monday announced to observe a complete shutter down strike and take to the streets on Wednesday (Aug 28) to protest against the imposition of various taxes by the government. “The country is already witnessing historic inflation, and the government has further vitiated the fragile socioeconomic conditions by imposing more taxes,” Haroonur Rasheed, central president of one of