KARACHI: China – the second-largest global economy – has officially launched “new quality productive forces” early this month to pursue high-quality development, aimed at further accelerating its economic output through deploying latest innovations and technologies where quality will take centre stage in all fields of life. The tech advancement is expected to help introduce new industries and f
Economic liberalisation, no intervention, no subsidies and least regulation are the key to the success of countries that emerged as global export leaders after the 1980s. Unfortunately, Pakistan didn’t accept it wholeheartedly. For the past 34 years, I have observed a pervasive fixed mindset of the bureaucracy, not ready to learn the good for change. They are indulged in the romance of maintain
The new government’s steadfast commitment to economic revival and proactive approach to building upon the groundwork laid by the caretaker administration are encouraging signs. The government’s swift action in initiating negotiations with the IMF for another loan programme is necessary to address the substantial external financial deficit and prevent a repeat of the past six years’ default scen
The country is stuck in a low-growth trap. A shift in the economic model from consumption to export-oriented growth necessitates the availability of affordable electricity. The age-old practice of passing on prices to the consumer will only add more burdens on the consumer and further restrict growth. Electricity consumption per capita has consistently declined over the last five years, wherein
Despite holding rulers accountable for recurring crises and economic underperformance, Pakistanis maintain high expectations from the government. Nonetheless, they actively extend moral and material support to the needy, especially in the month of Ramazan, showcasing compassion strengthened by their faith. While Pakistanis do support philanthropic causes, particularly in health and education, t