The Pakistan Economy Watch (PEW) on Monday said the economy suffers if the interests of shopkeepers become more important for policymakers than the interests of the country. When the priority is to reward the property mafia and the broker mafia, investment in the industrial sector dwindles hitting production, exports, jobs, and revenue, it said. When…
Former Vice President of FPCCI Atif Ikram Sheikh on Monday said reduced cotton production is a great threat to the export sector which is already crumbling under tough IMF conditionalities. The cotton crisis is to hit the textile sector which is responsible for most of the export earnings and is catering for millions of jobs,…
Mian Rashid Asghar. FAISALABAD: Federal Minister of Commerce Syed Naveed Qamar said that he had set regionally competitive electricity rates in consultation with the Prime Minister and the Ministry of Finance to increase national exports, but due to the IMF, they were returned, but had to take comprehensive and condusive steps. He asked Faisalabad Chamber…
Islamabad, (Parliament Times) : Pakistani cellular company, Ufone 4G and ConnectHear, a social enterprise aiming to enable and empower persons with disabilities, have collaborated to improve accessibility for the deaf community to enhance their socioeconomic integration. Amir Pasha, Group Director PR, Media, CSR and Corporate Communication, PTCL & Ufone 4G, and Arhum Ishtiaq, Co-founder/CTO ConnectHear…
London: The Chairman Azad Jammu and Kashmir Board of Investment(AJK-BOI) Mr Amjad Jalil chaired a meeting with ECO Pakistan Britain Business Council, at Double Tree Hotel, London on March 14 2023. Several mutual points of interest were discussed in the meeting, Mr Rashid Iqbal CEO of Pakitan Britain Business Council (PBBC) shared the scope of…
ISLAMABAD, (Parliament Times) : The Pakistan Economy Watch (PEW) on Wednesday said the country cannot develop in the presence of existing laws. These laws are made to support the elites that have nothing to do with the protection of the interests of the people, it said. The majority of the victims of fraud have no…
Islamabad , (Parliament Times) : Finland-Pakistan Business Council (FPBC) organized the 10 th edition of its legacy Finland Pakistan Business Summit 2023 in Islamabad. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to boost bilateral trade, investment, and exchange of technical expertise for shared growth and development. The summit was…
ISLAMABAD, (Parliament Times) : Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said Pakistan should try to develop trade relations with India. India should also learn that Pakistan’s economic problems will not last forever and it is…
ISLAMABAD, (Parliament Times): The Pakistan Economy Watch (PEW) on Monday said Pakistan’s major problem is not a bad economy but bad politics.The public is being dealt with harshly and their buying power has been eroded while the wealth of the upper class is continuously increasing, it said.Poor are getting poorer, the middle class is vanishing under…
Khalid Sibtain Islamabad: The Securities and Exchange Commission of Pakistan (SECP) registered 2,414 new companies in February 2023, bringing the total number of registered companies to 187,569. The total paid-up capital (capitalization) of the companies incorporated in February was Rs 2.5 billion. Approximately 57% of businesses were registered as private limited companies, 40% as single-member…
ISLAMABAD, (Parliament Times) : Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said it is impossible to achieve a satisfactory growth rate in the presence of circular debt and failed state-run companies. Circulating debt has increased over…
ISLAMABAD, (Parliament Times) : The Pakistan Economy Watch (PEW) on Wednesday said the government is considering a further hike in the interest rates which will close many businesses and leave millions unemployed. There are reports of an interest rate hike of two to three percent which if carried out will be a doomsday scenario for…