Economy

Prime Minister Shehbaz Sharif has thanked the United Arab Emirates president for the country’s firm support to the economic and financial stability of Pakistan. In a telephonic conversation with UAE President Mohamed bin Zayed on…

ISLAMABAD: Pakistan’s economic growth rate plummeted to 0.3% in the outgoing fiscal year due to severe restrictions imposed on the imports in an effort to avoid sovereign default, leaving the industrial sector crippled with spillovers on…

KARACHI: As the world tries to limp onwards from the Covid-induced supply chain challenges, economies are going into overdrive and heating up to a recession. We are still grabbling to understand the cool-down impact on the economy of…

KARACHI: The dollar rate is now a religious hymn, with everyone from rags to riches quoting it. A country’s currency is one of the key reflections of its economic strength or lack thereof. Chatters and doomsday predictions of Pakistan’s…

By: Sidra Shah Despite rising deficits, Pakistan’s tax revenue was only 13 percent of its GDP in 2018. During the current fiscal year, the country has seen a decline in its revenues while expenditures have increased,…