‘Pakistan needs to enhance potential in sectors other than textile’
Contrary to expectations, it has resulted in only a marginal improvement in Pakistan’s exports to EU
Economy News
Pakistan loses business deal worth $940 million due to approval issues
Delays in regulatory approvals from PTA due to absence of proper head led to failure of transaction
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High gas prices hurt nobody except the very poor
Price revision is unavoidable; both govt and consumers have to make sacrifices
Pakistan’s debt, servicing cost to go up
Appreciation of dollar, higher global oil prices to exacerbate country’s economic woes
Economic crisis: solution lies in the Constitution
Economy of the country is facing crisis and needs immediate injection of $12.5 billion
IMF’s staff-level team to arrive by month-end
Analysis suggests benefits of IMF programme outweigh the cost country may have to pay
Govt mulls imposing wealth tax on movable assets
May also increase customs duty, reduce age limit for car imports
Circular debt in energy chain swells to Rs1.18 trillion
In 10 years, the debt parked in holding company has gone up from Rs105 billion to Rs582 billion
Rolling up the sleeves
EAC is calling for what it calls ‘tough decision making’ within the first two months
EAC asks premier to take tough economic decisions
Govt still undecided on going to IMF; Fund’s team to arrive next month
Economic problems
Balochistan faces the worst economic conditions among the four provinces of Pakistan
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