Pakistan’s economy experienced a notable decline in its GDP size in dollar terms, growth rate and per capita income during the outgoing 2022-23, marking the slowest expansion in the country’s overall output over the past four years. The decline in Pakistan’s economy during 2022-23 reveals significant mismanagement by the coalition government led by the PML-N. The overall economy only grew by 0.
Pakistan’s struggle to service its debt is a disaster for the country, but it’s not very good for the rest of the world either, says economist Michael Pettis. Mr Pettis, a senior fellow at Carnegie Endowment, Washington, and a professor of finance at Guanghua School of Management at Peking University in Beijing, made this argument while responding to a series of tweets by Atif Mian, a professor
Pakistan Stock Exchange (PSX) chief executive Farrukh H. Khan said on Tuesday the government should do away with the distortion in its tax policy that currently favours certain asset classes against others. Speaking at a press conference, Mr Khan called for aligning the tax rates for the equity market with those on real estate and agriculture, sectors that’ve traditionally remained undertaxed f
Pakistan exported a significant quantity of sugar during the February-April period of this fiscal year which pushed up domestic retail prices of the sweetener. In comparison to the same period last year, where there were no foreign sales, the country successfully exported a substantial quantity of 212,896 tonnes of sugar in FY23, according to data compiled by the Pakistan Bureau of Statistics.
Welcoming the inauguration of the Pak-Iran border market, Pakistan Business Forum (PBF) leader Ejaz Tanveer has suggested re-launching a cargo train between Pakistan, Iran and Turkiye to reap the maximum benefit of formal trade between the three countries. “A successful experience has already been done in the near past and should be initiated on a permanent basis which can lead to increased tra