economy

North Korea was once wealthier than its southern neighbour but mismanagement left it deeply impoverished.

China has fast changed its course of economic development at the turn of the century

Economic model established after Second World War generated what is called middle-class society

As the central bank once again raised the interest rate to an eight-year high

State borrowing forecasted to balloon by about £30 billion per year from 2020

Main problem is low level of revenue collection relative to GDP

Investment, transfer of industrial set-up to generate over 50,000 jobs in first year

Decline comes on back of rupee depreciation, hike in interest rate

Decline due to payments on account of external debt servicing

For a judicial system to function optimally, it needs a sufficient number of judges

Erdogan says the central bank is the most important element in the economy's financial pillar

The real casualties in the ongoing conflict are the citizens of Iran and the country’s shrinking economy

These promising ‘politiconomic’ developments do not mean that our economic crisis is over

Turkish president wants lower rates to kick-start the economy

As officialdom’s laid-back attitude remains unchanged even during economic turmoil

The real issue is the growing trust deficit between the people and the PTI government

Pakistan is preparing for the sale of Eurobonds, Sukuk and Chinese Renminbi bonds

On the economic front, the government should unlock the potential of the cities

Trade associations of the city protest against federal budget, economic policies for 2019-20

Also accuses Khan of being more interested in the by-elections

In the current dismal business environment, production enterprises should be given appropriate tax reduction support

Amid increasing uncertainty from trade tensions and slowing global growth

Commerce ministry says Washington should lift curbs on Chinese firms

Punjab governor says govt has to rein in imports to pay back foreign loans

Says tightening of monetary, fiscal policies under IMF will adversely impact GDP

The PTI government has been trying to be in control of the economy for nearly a year

Charter should be given importance regardless of friction, since an agreement has been reached

A key factor underlying falling rupee is the imbalance between our exports and our imports

Decline comes on back of reduction in imports, growth in remittance inflows

PBC CEO says drop comes in wake of unwelcome environment for investors

It is nearly half the amount taken by PPP govt in its full five-year tenure

Increase in rates and new slabs means tough time ahead of middle class

Govt looks for magic number to have budget passed

Pay hike is insufficient considering massive rupee depreciation, accelerated inflation

It leads to Rs300b cut in development budget, approval of supplementary budget

PFC chief terms budget balanced and development-oriented

Hafeez Shaikh says he is ready to 'offend people' to meet revenue target

8.2% deficit projected. Income tax threshold slashed. Customs duty on 2,400 tariff lines up.

As the opposition senators shouted slogans against the budget, the chairman adjourned the session till Friday

Govt will provide Rs271.5 billion in FY20

Rs15.383 million allocated for 500 police barracks in Islamabad

Funds will be utilised to improve water productivity, crop yields

Govt allocates Rs1.171 billion against the outgoing year’s revised estimate of Rs980m

Govt imposes 17% sales tax on textile, leather, carpet, sports goods and surgical instrument sectors

Duty levied on cars of all engine capacities

Govt withdraws 3% tax on price differential to close window for legalising black money

Govt eyes collection of Rs359b against Rs486b in previous year

Proposes harsh, inflationary taxation measures to qualify for IMF programme

Minister of State for Revenue Hammad Azhar presents the budget

Minister of State for Revenue Hammad Azhar will be brief parliament on the budgetory proposals