Poor productivity is the main reason for the huge imbalance in external trade and recurring current account deficits, forcing Pakistan to rely on successive International Monetary Policy (IMF) bailouts, says an analyst who has done extensive research on governance in both the public and private sectors. Enhanced, diversified, value-added goods and services produced at globally competitive price
Despite the tough economic conditions prevailing in the country, realtors and development agencies are busy marketing their schemes. It is believed that real estate still dominates in attracting investments from large-scale investors as well as ordinary individuals with some savings. High risk in other sectors such as trading or manufacturing, absence of advice and information regarding paralle
We all grew up knowing that education is the key to success, to employment, to growth, to wealth and to be a ‘somebody’ in life. That’s why at preschool level parents are willing to spend thousands for entrance prep for a prestigious school like Karachi Grammar School. The sessions not only entail prepping the child for the entrance test but there are also stories of parents being coached on how t
Bulls dominated the trade floor at the Pakistan Stock Exchange (PSX) on Thursday as shares gained more than 700 points, which analysts attributed to falling bond yields. The benchmark KSE-100 index climbed 836.06 points, or 1.02 per cent, to stand at 82,803.06 points from the previous close of 81,967.00 points at 1:24pm. Finally, the index closed at 82,721.76, up by 754.76 points or 0.92pc, fro
OVER the past few months, the rate at which the prices of goods and services in the country have risen has slowed significantly. Headline fell to a 44-month low of 6.9pc last month. This decline, driven by a high-base effect from last year when annual inflation stood at 31.4pc, along with plunging global oil and commodity prices, a stable exchange rate, falling demand due to eroding real wages,