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Trade & Economy

Privatization of PIA and Pakistan Steel — a hard nut to crack

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

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Merits and prerequisites of privatization

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

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Pakistan in a unique position to catch up and overtake other economies in South Asia

  Pakistan economy has suffered on various accounts such as war on terror, law and order and even US sanctions on Iran which is a major impediment between bilateral trade between two natural allies in the region. As a result of US sanctions, the business communities of the two countries are forced to indulge in illegal cross border trade, which is estimated to the tune exceeding to $4 billion, while …

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Normalization of Pak-India trade ties essential for economic boost

  Pakistan is anxious to continue trade with its neighbours especially with India, despite border tensions. The government is committed to increase regional trade with India as part of encouraging peace without compromising on national sovereignty. It would like to trade in energy for import of electricity from India to overcome the energy crisis. The Pakistan government is planning to develop trading land ports at Pakistan’s three neighbouring junction points …

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Industrial development in Balochistan set to be revolutionized under CPEC plan

  The absence of infrastructure is the single most important reason that discourages investment in the industrial sector development in Balochistan. It is the most backward province, which is also far behind from other provinces in road sector development. The province has a road network comprising about 25,099 kilometers, which is less than that of the other provinces. The existing road network in Balochistan is in a dire need of …

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Has IMF’s loan a soothsayer for ailing economy of Pakistan?

  Following its ninth review of the program, the International Monetary Fund (IMF) asked Pakistan to focus on accelerating steps to widen the tax net and raise funds for more infrastructure investment and social assistance after the country failed to reach its fiscal deficit and tax revenue targets under an IMF Extended Fund Facility (EFF). However, the IMF welcomed the government’s plans to take action to attain the budget deficit …

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Flaws and drawbacks of the IMF’s currency basket

  Established following World War II to help with post-war recovery, the International Monetary Fund (IMF) serves as a lender to modern governments and an overseer of international financial markets. Both the International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide …

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Increasing exports a way out to avoid debts

  Pakistan is presently going through process of rapid economic development, which includes privatization of major government corporations, aimed at attracting foreign investment and lessening budget deficit. In 2014, foreign currency reserves crossed $15 billion mark, which has led to steady lookout on the long-term rating. External debt in Pakistan remained unchanged at $64,338 million in the fourth quarter of 2014. External debt in Pakistan averaged $49,246.37 million from 2002 …

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Debt dynamics and its frightening burden in Pakistan

  Every Pakistani owes over Rs 101,338 in debt Govt should raise capacity to monitor and manage public debt The debt market is a market for trading the debt instruments like TFCs, Bonds, T-Bills, Commercial Papers, Participation Term Certificate, Corporate and Federal Bonds etc. A debt market establishes a structured environment where these types of debt can be traded with comfort between interested parties. The debt market is also known …

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Value addition can give boost to textile exports

  Government must establish more textile cities Textile sector is the backbone of Pakistan export economy. Comprises of 391 textile mills, Pakistan is the world’s fourth largest producer of cotton and third largest consumer. It contributes 8.5 percent of GDP and employs 38 percent of the workforce in the manufacturing sector. But Pakistan textile industry is mainly beset with the major problems like energy crisis, lack of value addition and …

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