Tribune
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6% GDP target next FY unlikely | The Express Tribune
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[ad_1] The federal government’s Annual Plan Coordination Committee (APCC) has set a growth target of 5% for the next financial year. In the current fiscal year, the economic growth rate is expected to be up to 6%. Earlier, the finance ministry had warned that the country’s overall economic growth would not grow at 6% in…
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Palm oil imports to rise as Indonesia lifts ban | The Express Tribune
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[ad_1] ISLAMABAD: Indonesian Ambassador to Pakistan Adam Mulawarman Tugio has said that Indonesia has lifted the global ban on palm oil export last week and now palm oil supply to Pakistan will improve. “Indonesia is the largest supplier of palm oil to Pakistan and it will now be available in local markets,” said Tugio while…
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Sri Lanka’s growth trajectory: some policy lessons | The Express Tribune
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[ad_1] LONDON: Sri Lanka achieved the upper middle-income status from the World Bank in July 2019. It was an excellent achievement for the country. The economy secured a sustainable growth rate of around 5.5% on average from 2003 to 2019. It was expected that in 2034, the country would achieve a higher income status. However,…
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Climate change killing agriculture | The Express Tribune
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[ad_1] ISLAMABAD: Climate shocks have started to shake the agricultural system of Pakistan. This year, the wheat crop has felt the severe impact of abrupt fluctuations in temperature. Wheat grain requires 10-12 days for maturity but a sudden change in temperature reduces the period to four days, which leads to the reduction in size and…
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Fuelling growing economic dilemma | The Express Tribune
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[ad_1] KARACHI: The economic uncertainty continues to plague the country as policymakers delay important decisions. As the government keeps on delaying the acceptance of IMF conditions, it inevitably increases the uncertainty along with the burden of debt accumulation, volatile exchange rate and the rising inflationary pressures. For instance, the biggest contention with the IMF is…
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IMF deal: not beginning of end | The Express Tribune
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[ad_1] KARACHI: While the world is still grappling with the exogenous shocks emanating from the pandemic and then more recently with the Russian invasion of Ukraine, many people back home are still scratching their heads to figure out the rationale behind the brewing home-grown crisis that is now spiralling out of control. As pointed out…
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Centre, provinces plan spending spree | The Express Tribune
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[ad_1] ISLAMABAD: Amid serious fiscal constraints, the government on Saturday approved allocations to the tune of Rs2.184 trillion under the national development spending plans for next fiscal year — higher by Rs347 billion or one-fifth over the outgoing year’s revised uplift budgets of the Centre and the provinces. Totally disregarding the country’s thin fiscal position,…
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ICCI advocates climate-resilient policies | The Express Tribune
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[ad_1] ISLAMABAD: The government should focus on climate-resilient development to ensure sustainable growth as increasing climate change risks will affect economic growth in the country and increase poverty, said acting Islamabad Chamber of Commerce and Industry (ICCI) President Jamshaid Akhtar Sheikh. Speaking at a seminar on the World Environment Day on Saturday, he said that…
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Green CPEC to play key role in tackling climate change | The Express Tribune
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[ad_1] ISLAMABAD: As the China-Pakistan Economic Corridor (CPEC) advances further, it can play an important role in the country’s efforts to mitigate climate change effects, said Pakistani experts. During a two-day event named “Green China-Pakistan Economic Corridor Alliance” and a workshop to mobilise renewable energy investment for sustainable development held by the Sustainable Development Policy…
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Pakistan has little share in Malaysia imports | The Express Tribune
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[ad_1] KARACHI: Pakistan’s share in Malaysian imports of $238 billion is insignificant that can be enhanced through little efforts and Pakistani embassy in Malaysia can play an instrumental role in this regard. Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Mian Rehman Aziz Chan said this while talking to a delegation of Malaysian…
