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Economy

UK prepares for rising inflation

UK prepares for rising inflation

UK inflation is expected to hit a five-year high this week, outstripping growth in pay packets and putting renewed pressure on the Bank of England to raise interest rates. City economists forecast that the consumer price index (CPI) will be shown to have risen to 3% in September, up from 2.9% a month earlier, its highest level since 2012. The Office for …

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Pakistan’s banking for environment related projects

The State Bank of Pakistan has introduced Green Banking Guidelines (GBGs) and has given banks and development finance institutions a year to implement them. The guidelines cover every aspect of banking. “We’re being encouraged to lend generously to environment-friendly projects. We’re expected to ensure that even our overall general financing goes to the projects and borrowers that meet provincial, national …

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Most yearly economic targets missed by Pakistan

Pakistan’s economy missed all the targets set by the government for fiscal year 2016-17 (FY!&), barring inflation, while several economic indicators worsened during the year, according to the Annual Review of the Economy 2016-17 issued by the Institute for Policy Reforms (IPR) on Tuesday. Fiscal consolidation gains of recent years also took a major retreat, the report said, placing the …

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Pakistan Army Chief’s speech on Security and Economy

“Bismillah IrRahman NirRaheem” Ladies and Gentlemen Assalam-o-Alaikum, I am really honored to be here today amongst the most learned and vibrant community of Pakistan I commend efforts of the organizers for organizing this seminar on such an important topic. I must appreciate the quality of papers presented here and hope that their conclusions will resonate through all the concerned quarters …

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Wars for sale: Where the U.S. tax payers money lands

Wars for sale: Where the U.S. tax payers money lands

Here’s a question for you: How do you spell boondoggle? The answer (in case you didn’t already know): P-e-n-t-a-g-o-n. Hawks on Capitol Hill and in the U.S. military routinely justify increases in the Defense Department’s already munificent budget by arguing that yet more money is needed to “support the troops.”  If you’re already nodding in agreement, let me explain just …

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Pakistan economic situation not too bad

Pakistan isn’t as poor as the rich think Assad Ahmad on what has reduced poverty and what we need to keep doing Robert Malthus would have loved to be alive in Pakistan today. The discredited 19th Century English political economist and population alarmist was of course, the original purveyor of such tripe as, “the perpetual tendency of the race of man …

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PIA: Cutting flights to cut losses

PIA will suspend flights to New York: Will it help? Pakistan International Airlines (PIA) has decided to suspend its flight operations to New York, by December 2017. Though the plan is still not officially announced but bookings for New York have apparently being stopped and have gone down by 50%. PIA sources claim that this decision was long in waiting, …

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Pakistan and region to greatly benefit from CPEC

Only the toll income the China-Pakistan Economic Corridor (CPEC) route will generate– after the completion of the project by 2030, will be thrice the present (US$50 billion) national budget of Pakistan, and the distance between Jaboti deep sea port in Africa to Gwadar port in Balochistan will reduce to only 5 days. “That is the gateway to reach African markets …

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Is Alibaba leaving Amazon behind?

Is Alibaba leaving Amazon behind?

Summary Both Amazon and Alibaba dominate e-commerce in their home markets and the two have comparable market caps. Alibaba has more diverse business lines that stand to capture a bigger share of consumer wallets. 5 reasons why Alibaba will beat Amazon to become a $1 trillion company. Investors betting on the technology sector have done exceptionally well in the last …

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Expediting rpoject approvals, PM delegates power

To avoid delay, premier delegates project approval powers Prime Minister Shahid Khaqan Abbasi has delegated his powers to the departments and authorities concerned for the approval and execution of development projects worth over Rs30 million each in the constituencies of parliamentarians under the Global SDG Achievement Programme. Earlier, the cabinet had given discretionary powers to former premier Nawaz Sharif, enabling …

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