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Tahir Amin

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Economists list factors behind rising inflation

"Would the Pakistan Bureau of Statistics (PBS) let Pakistanis know where atta can be bought for Rs 40 per/kg so that people can go there to buy atta," it was stated by former Finance Minister Dr Hafiz Pasha.
Published 26 Jan, 2020 12:00am
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PTA sets seven-day validity of mobile device registration app/PSID

Pakistan Telecommunication Authority (PTA) has set seven days validity of mobile device registration application/ payment slip identification (PSID). The PTA stated that users are informed that all mobile device registration applications/ payment slip ide
Published 25 Jan, 2020 12:00am
Technology

MoITT plans to revive TIP through joint venture

The Ministry of Information Technology and Telecommunication (MoITT) has short-listed two companies to finalize one of them as Financial Advisor (FA) to provide Transaction Advisory Services (TAS) to solicit partnership through a suitable mode to utilize
Published 24 Jan, 2020 12:00am
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FDI inflows decline 20 percent

Foreign Direct Investment (FDI) inflows into Pakistan declined by 20 percent to $1.9 billion in 2019 (calendar year) against $2.4 billion in 2018, with Bangladesh in second place in the region with a 6 percent decline to $3.4 billion according to the Unit
Published 23 Jan, 2020 12:00am
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Unemployment rate projection revised upward

International Monetary Fund (IMF) has upward revised the unemployment rate projection for Pakistan to 6.2 percent for 2020 against 6.1 percent in 2019. In the latest update to its World Economic Outlook, the IMF has projected inflation at 13 percent for 2
Published 22 Jan, 2020 12:00am
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$1.799 billion procured from foreign commercial banks in 1H

The government procured $1.799 billion from foreign commercial banks (around 31 percent) out of total external loans of $5.782 billion in the first half (July-Dec) of 2019-20 and around 77 percent more than the comparable period of last year ($2.313 billi
Published 22 Jan, 2020 12:00am
Pakistan

'The Zainab Alert, Response and Recovery Bill, 2020' reviewed

The Senate Functional Committee on Human Rights on Monday recommended that "The Zainab Alert, Response and Recovery Bill, 2020" should be extended to the entire country with incorporation of a clause for sending such cases to anti-terrorism courts.
Published 21 Jan, 2020 12:00am
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UN projects 2.1 percent growth

The United Nations has projected Pakistan's GDP growth rate at 2.1 percent for 2020, saying that continued commitment to reform, combined with productive investment in infrastructure and strategic capacity development will be critical for the country to f
Published 18 Jan, 2020 12:00am
Technology

Pre-paid recharge: PTA warns CMOs against overcharging

The government Friday warned the cellular mobile operators (CMOs) of stern action if consumers are charged more than the notified tariffs and applicable taxes. CMOs are deducting only withholding tax and general sales tax/federal excise duty on the pre-pa
Published 18 Jan, 2020 12:00am
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ADB lists factors behind growth volatility

Pakistan's economic growth has been volatile over the past half century, affected by frequent political instability, geopolitical factors and balance of payment crises, says Asian Development Bank (ADB).
Published 16 Jan, 2020 12:00am