Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…
Karachi, December 12, 2019: According to a perception survey conducted by the American Business Council (ABC), Over 59% of the respondents indicated that the international perception of Pakistan had become better. This is a marked improvement over FY17-18 when 57% of participants rated it as being the same. However, 61% of the respondents rated the…
Islamabad November 27, 2019: Economic Coordination Committee (ECC) of the Cabinet has approved amendments to a host of rules governing the regulation of upstream petroleum sector to foster ease of doing business and encourage investment in the sector. The approval to amend nearly 18 rules dealing with approvals, extensions, renewals, revocations and other ancillary matters…
Karachi, November 20, 2019: Commerce Secretary Sardar Ahmed Nawaz Sukhera recently asserted that the country’s exports cannot grow as per expectations until increase in export surplus is available. He was briefing the National Assembly Standing Committee on Commerce and Textile headed Naveed Qamar. “I think when Commerce Ministry is asked for exports (and rightly so),…
Karachi, October 30, 2019: State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in public…