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July 2019

July 2019 Issue of JWT

A Synopsis of the current Muslim world

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A Synopsis of the current Muslim world When the Age of Enlightenment began in the West, dark clouds moved in over Islamic countries. This age rapidly led to a series of innovations in various fields, from politics and administration to economics and technology, and eventually brought about peace and harmony for Western countries. The strengthening of the Western industry and ... 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 »

Current Political Situation of Pakistan

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Current Political Situation of Pakistan Zainab Zahra The politics in Pakistan is done within the framework established by the constitution of the country. The country is a federal parliamentary republic in which provincial governments enjoy a higher degree of autonomy and power. Executive power is vested in the federal cabinet which is headed by the prime minister – the head ... Read More »

SPIEF 19: Russia-China Bonhomie

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Russia-China Bonhomie at St. Petersburg International Economic Forum The 23rd St. Petersburg International Economic Forum was held on June 6-8, 2019 with the motto ‘Creating a Sustainable Development Agenda’. This year’s forum was the largest in terms of a number and composition of participants. According to the SPIEF organizing committee, the event was attended by over 19,000 participants from 145 ... Read More »

Looming Economic War

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Looming Economic War Nothing is agreed until everything is agreed!  The tariff war with China unleashed more than a year back by the Trump administration in the United States threatens to turn into full-fledged economic war. The US claims that China is engaging in unfair trade practices and adopting coercive measures against US firms, undermining US economic interests. China not ... Read More »