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Wednesday, November 13, 2024

Pakistan becomes the leader of manpower export in 2020 in the region

The recent Economic Survey launched on 10th June 2021 for the outgoing Fiscal Year 2020-21 mentioned that Pakistan is one of the largest labor exporting countries in the region. The document correctly read that overseas migrant workers are the most valuable asset of Pakistan.

BOI launches online portal to facilitate investors

The three platforms — Pakistan Regulatory Modernization Initiative Strategy (PRMI), Special Economic Zone Management System (SEZMIS) and Investor Relationship Management System (IRMS) — were...

UAE airline ‘Etihad Airways’ extends ban on Pakistani travelers

The website for UAE airline Etihad Airways displays a message, informing passengers about the aforementioned date when searched for flights to the UAE from...

Pakistan outperforms India in manpower exports

Pakistan Economic Survey 2020-21 revealed that Pakistan’s exports of skilled manpower had reached 224,705 against India and Bangladesh who could only manage to export...

IPR deconstructs FY21; says celebration for 4pc GDP may be premature

The Institute for Policy Reforms said, "Going beyond growth, not all signs are sanguine. The economy must address some fundamental issues, without which this revival will be short-lived.  They include unsustainable debt levels with debt servicing needs that strain both the fiscal and the current accounts."

The promise of nutrition broken in budget 2021-22 as dairy industry taxed

The budget presented to the parliament on 11th June has negative implications for the dairy sector and would suck out around Rs5 billion from the industry by raising the sales tax in the industry to 17 per cent from 10 per cent. This would impact the poor people who will bear the tax burden.

PIA cuts operating losses to 680 million via reforms, economy survey

According to the economic Survey thus, in CY2020, the route for the national air carrier increased by 99.8 percent to 778,609 KMs from 389,725 KMs in the calendar year 2019. All these achievements and further reforms by the government’s decision in the recent FY2021-22 budget to financially support Pakistan’s flag carrier

Here is a summary of Pakistan’s budget for fiscal Year 2021-22

Imran Khan's government is due to present its third budget of value Rs8 trillion for the upcoming Fiscal Year 2021-22 and here are the updates as they come.

Angora rabbit farming launched in Gilgit Baltistan

While talking about the newly inaugurated project PARC Chairman Dr Muhammed Azeem Khan revealed that the angora rabbits are being imported from Nepal and...

Russia lifts ban on import of rice from Pakistan

A press release issued by Ministry of National Food Security and Research on Thursday said that Russia’s decision on lifting the import of rice...

JP Morgan points to improved economic situation in Pakistan: Farrukh

The minister said the report predicted decline in the fiscal deficit from current 7.1 percent to 5.9 percent of the GDP during the next financial year.

1,200MW of electricity added to national grid to meet high demand

"We are witnessing approx 15-20% more peak demand in power compared to last year," the energy minister tweeted through his official account. He said...