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Widening inequality a source of social distress

[ KARACHI: Pakistan’s economy continues to face deep-seated socio-economic challenges despite the government’s claims of macroeconomic stability and improved fiscal indicators. While recent months have seen relative calm in the exchange rate, improved foreign inflows, and a recovery in the stock market, these gains have not translated into meaningful improvements in the lives of ordinary … Read more

Implications of high real rate and primary surplus

[ LAHORE: Since financial capital is built through tight monetary and fiscal policies where real interest rate is kept high along with primary budget surplus, let us see how high real interest rate and primary surplus affect the real economy. High real interest on government debt encourages business firms to buy financial assets. Business firms … Read more

Cotton crash pushes ginners to brink

KARACHI: A significant downward trend in cotton prices across Pakistan and the world has led to a continuous decline in cotton product exports, raising fears that, like last year, a majority of cotton ginners may once again face heavy financial losses this season. The entire cotton chain is facing one of the worst economic crises … Read more

action, not rhetoric, will deliver

[ ISLAMABAD: A few days ago, Prime Minister Shehbaz Sharif met with President Xi Jinping, with China-Pakistan Economic Corridor (CPEC) high on the agenda. The leaders agreed that, building on past successes, it was time to give new momentum to CPEC’s implementation. Both sides decided to accelerate work on the second phase and align CPEC, … Read more

President, PM ask Kabul to rein in terrorists

LAHORE/KARACHI: President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Sunday strongly condemned Afghanistan’s recent provocations, reaffirming that Pakistan would defend its national sovereignty and territorial integrity against all threats. In their separate statements, the president and the prime minister reiterated Pakistan’s commitment to regional peace, stressing that mutual cooperation, economic partnership and security … Read more