A sectoral note by the US credit rating agency says continued tensions may hinder Pakistan's access to foreign funds, putting pressure on its ability to meet external debt payment needs.
Pakistani economists have welcomed the government's decision to fully open the economy to foreign competition by reducing average import tariffs to 7.1% over five years.
36 serving military officers are part of Special Investment Facilitation Council (SIFC), a federal body for economic reforms. These officers draw their salaries from defense budget.
Ikramul Haq, a visiting senior fellow at a think tank, said that the plan’s limited grounding in Pakistan’s existing economic and political landscape risks rendering it another unfulfilled promise.
Pakistan's Punjab govt has tabled legislation that could see rates as high as 45%. Agricultural income tax hikes among measures prescribed to raise revenue under $7bn IMF bailout deal.
Pakistan's internet speeds are significantly slower than global average. Broadband speeds in the country are about 10–20 Mbps while the global average is 60–120.
CEO Naveed Khan was stabbed to death by an employee at the Euro Tech Software House office in Karachi. No salaries had been paid from the head office for the past three months.
The prospects of the economy generating the resources to discharge the obligations that must be defrayed soon do not look good. It could transmute into a declaration of default.
Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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