The author is an Assistant News Editor at Profit by Pakistan Today. His works have been published in Dawn, Express Tribune, LiveMint India, Huffingtonpost India and The News on Sunday. He tweets @MohammadFarooq_
EconomyOn 13th January, Finance Minister Asad Umar while speaking at the Karachi Chamber of Commerce and Industry (KCCI) said that the government, for now, had decided not to enter an IMF programme and was looking into alternative options
EconomyRevenue generating opportunities for local pharmaceutical companies in Pakistan will improve following the decision by the government to increase the prices of medicines, said Fitch Solutions
EconomyAccording to WB, land acquisition has only reached 742 acres, out of 1,987 acres needed for the construction areas and is slated to be finished by June 2022
EconomyDuring the first half (July-December) of the current financial year 2018-19, the current account deficit declined by 4% year-on-year (YoY) to $8 billion compared to corresponding period of FY17-18 when it was recorded at $8.4 billion
EconomyIts projected loan growth at 13% in 2018, down from a forecast 15% in 2018, said the research agency
EconomyAccording to IIF, Pakistan’s household debt as percentage of GDP saw a meagre increase of 0.1% from 2.7% in quarter 3 of 2017 to 2.8% in the third quarter of 2018
EconomyFinance Minister says not entering into an IMF programme for now and mini-budget set to be announced on 23rd of January
EconomyA year ago, wages in Pakistan were $136 vs $64 in Bangladesh and now the difference stood at $107 compared to $95 currently and it has made big strides in becoming regionally competitive again, said Renaissance Capital
EconomyIn Pakistan, the informal sector provides two-thirds of total employment but produces only about one-third of GDP
HeadlinesThe power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18
EconomyPakistan's external account woes to continue says the research agency
EconomyRevenue growth is likely to be dragged down by the poor economic growth outlook, said the research agency