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OIC’s Makkah Summit

Pakistani Prime Minister Imran Khan attends a summit meeting of the 57-member Organization of Islamic Cooperation (OIC) in the Saudi holy city of Mecca in the early hours of June 1, 2019.  The OIC meeting is the third and final summit hosted by Saudi Arabia this week, aimed at galvanising support among Arab and Islamic nations against arch-rival Iran, which has close ties with Turkey. / AFP / BANDAR ALDANDANI

OIC’s Makkah Summit Objectives, Achievements and Challenges By Mairaj ul Hamid Nasri Inaugural meeting of the 14th Summit of Millat-e-Islamia’s sole representative “Organization of Islamic Cooperation (OIC)” was held on May 31st in the holy city of Makkah. The summit ended up with the signing of an MOU among the heads of states/governments of Muslim-majority countries. OIC, the second largest ... Read More »

Think Availing the Tax Amnesty

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Think Availing the Tax Amnesty No place to hide! Bilal Hassan In view of a largely undocumented economy, the government has introduced a tax amnesty to enable all citizens of Pakistan, except public office holders and their dependents, to declare their undeclared assets and incomes. Under this amnesty, taxable persons may declare benami assets, foreign liquid assets, bank accounts, undisclosed ... Read More »

The SCO’s Bishkek Summit

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The SCO’s Bishkek Summit Pakistan’s Growing Prestige in International Arena The 19th meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) was held in Bishkek, the capital of Kyrgyzstan, on 14 June. Prime Minister of Pakistan, Imran Khan; Indian Prime Minister, Narendra Modi; President of Kazakhstan, Kassym-Jomart Tokayev; President of China, Xi Jinping; President of ... Read More »

Pakistan Economic Survey 2018-19

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Pakistan Economic Survey 2018-19 Overview of the Economy The macroeconomic stability is a fundamental pre-requisite for sustained economic growth. Pakistan’s economy has experienced frequent boom and bust cycles. Typically, each cycle comprised of 3-4 years of relatively higher growth followed by a macroeconomic crisis which necessitated the stabilization programs. The inability to achieve sustained and rapid economic growth is due ... Read More »

How compatible are democracy and capitalism?

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How compatible are democracy and capitalism? Economic stress and demographic change are weakening a symbiotic relationship Of late, the world’s older democracies have begun to look more vulnerable than venerable. America seems destined for a constitutional showdown between the executive and the legislature. Brexit has mired Britain in a constitutional morass of its own. Such troubles could be mistaken for ... Read More »

Budget Brief 2019-20

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Budget Brief 2019-20 Muhammad Sulaiman Social Indicators Facts about Pakistan Economy 5th most populous country in the world 23rd largest in the world in terms of purchasing power parity (PPP) 40th largest in terms of nominal gross domestic product. Nominal GDP per capita of $1,357 in 2019 (ranks 154th ) PPP GDP per capita of 5,839 in 2019(132th) Undocumented economy ... Read More »

The Federal Budget 2019-20

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The Federal Budget 2019-20 Rarely if ever, except perhaps during the initial years after our independence in 1947, has Pakistan faced such dire economic straits as those that confront it today. Consequently, the template of the federal budget was cast by the IMF programme terms that the country recently agreed with the Fund at the staff-level and has duly complied ... Read More »

The Untapped Potential of BLUE ECONOMY

BLUE ECONOMY

Pakistan’s route towards becoming an ocean-economy Since time immemorial, oceans and seas have been the source of natural resources and wealth. Many great civilizations evolved, and got destroyed, due to their geostrategic location on the sea routes. The harbours, coastlines and beaches provided humanity with an unending access to abundant onshore and offshore resources that necessitated a fast-paced development of ... Read More »

Slowdown of Economy

Economy

By: Dr Hafiz A. Pasha There are visible signs that the economy is beginning to slow down. During the last five years, the growth process had gradually begun to gather some momentum. The Pakistan Bureau of Statistics had, no doubt, been compelled to exaggerate the GDP growth rate. But the evidence was convincing that the economy had moved up from ... Read More »

Where is the World Economy Heading?

World Economy

By: Waqar Masood Khan There is a lot of flux that characterizes the world economy at present. While developed markets are performing exceptionally well, emerging markets (EM) are facing high uncertainty. More importantly, a very large number of market pundits are predicting that a great recession is just around the corner. The emerging markets are under huge stress. Their currencies ... Read More »