Economy Archive

Sugar Crisis coming forth!: LAHORE: The government will have no other option but to further raise sugar prices at Utility Stores in order to narrow the gap with the open market, to cope with the impending sugar crisis. Industry sources believe that the
To have debt or not to have debt – by Ali Wahab: Source: Express Tribune To have debt or not to have debt by Ali Wahab July 26, 2010 KARACHI: Every now and then we read statements or comments in newspapers and blogs that Pakistan’s economic situation is not good. Points
The Myths of Economic Development- by Ayaz Gul: پاکستان کی معاشی و اقتصادی ترقی کے دعوﺅں کی حقیقت ورلڈ بینک اور وزارتِ خزانہ کے مابین اتفاقِ رائے ایاز گُل 17 جولائی 2010ء تک کے اخبارات کے مطابق ”ورلڈ بینک نے پاکستان کی اقتصادی ترقی کو سراہتے ہوئے
Final figures of FY2010 by Pakistan Automotive Manufacturers Association – by Ahmed Iqbalabadi: Pakistan is a strange country with contradictions abound in what we see and what is made to be seen. On one hand, we are always cribbing about the increase in fuel prices, the growing inflation and rising poverty but
Pakistan’s War on Terror has cost Rs 2 trillion to the national economy – IMF Report – by Ahmed Iqbalabadi: It boggles my mind when I hear statements from leaders living in utopia that “It’s not our war”, “We are fighting someone else’ war” and then self contradictory points on “we are not getting enough for being involved in
Oppositional economics? by S. Akbar Zaidi:   Oppositional economics? By S. Akbar Zaidi Dawn, July 2, 2010 NOW that Nawaz Sharif and his party, the PML-N, have decided to play the role of a ‘genuine’ opposition to the incumbent government after having played the role
The end of the welfare state? – by Shiraz Paracha: Europe is at the verge of the biggest overhaul since the Second World War. The target of the change is the welfare state. At the beginning of the Cold War, several Western countries adopted the idea of the welfare
Ship breaking activity at Gaddani, Balochistan grows by 10% in FY10: I have been highlighting the positives that are happening in Pakistan’s economy and this post is 3rd in the series after motorcycle and tractor sales. Ship breaking activity in Gaddani, Balochistan has increased by 9.4% in number of tons
Pakistan’s economy, tractors production: While scanning Dawn, I saw this advertisement from Millat Tractors Limited (MTL). MTL has announced that in fiscal year 2009-10, they have produced over 40,000 tractors. This is a figure which is 32% higher than 2008-09. Being a shareholder
Who buys motorcycles? By Ahmed Iqabalabadi: NOTE: These are not Federal Government Figures. These are released by the Pakistan Auto Manufacturers Association Who buys a motorcycle in Pakistan? Answer: a common man like a milkman, newspaper vendor, people commuting to their workplace, factory workers, farmers
Business as usual (Part 2 of 2) – by Shahid Kardar: Published in The News. Read Part I here The estimate that the government will be able to a) raise Rs19.4 billion from privatisation, given the security situation within the country and the pro-active role played by the courts in
Punjab removes tax on luxury vehicles: Elitist mindset? – by Ahmed Iqbalabadi: Punjab government has decided to withdraw luxury vehicles tax in order to collect more revenue. The provincial Finance Minister, Tanvir Ashraf Kaira, observed the tax was planned to be levied on luxuries and the rich and the idea was
US Cautions on Iran-Pakistan Pipeline – by Ahmed Iqbalabadi: In a move widely expected, the US has cautioned Pakistan that because of sanctions on Iran, Pakistan should be careful of committing to the Iran-Pakistan Gas Pipeline. However, it is important to note the context of this caution that
Good News, Bad News – by Dr. Farrukh Saleem: I am not particularly fond of Dr. Farrukh Saleem as he is another one of those disgruntled with the PPP. It may be noted that he contested election for the position of Senator from Islamabad on a PPP ticket
Budget Discussions – 2010-11: The budget debates varies from one pole to another with not many parliamentarians talking about ways and means they can effectively come up with plans to manage the fiscal problems. The opposition focuses on “Hukmaran apni ayyashi band Karen”
Reporting on Financial Matters – Capital Gains Tax in Federal Budget 2010-11: Capital Gains is defined as the gain in value you get after selling of an asset having bought it earlier. For example, I buy a plot of land for Rs 1 million in 2006. In 2010, I sell it
Inflation and Crony Capitalism in Pakistan: Source :Ahmed Nadeem Gehla Blog Almost one third of the population of Pakistan lives under poverty line. Same number of children have never gone to school. If an educated youth willing to work is unemployed or a child cannot
Pakistan’s Global Political Economy – by Anas Muhammad: As the recession hit; the jobless rates soared to 10% and more, banks at the brink of failing, stock exchange plummeted, and economy was left paralyzed. All this happened in United States, which sparked a global recession, bringing down
Optimistic Features of Budget 2010-11 – by Riaz Ali Toori: The following article has been written for LUBP by Riaz Ali Toori, an analyst from Pakistan’s Tribal Areas. When a country steps forward, its people flourish, and this is accomplished with impartial and equitable distribution of wealth that helps
Pakistan’s Federal Budget 2010-11 Analysis – Ahmed Iqbalabadi: Pakistan’s budget for year 2010-11 was presented in the National Assembly by Dr. Hafeez Shaikh on Saturday, 5th June 2010. The budget speeches have previously largely been irrelevant as the post budget analysis usually takes a front seat with
A promising economic outlook for Pakistan – by Anas Muhammad: As the government gets ready to present its third annual budget (2010-2011), reports and estimates for the next fiscal year is the talk of the day for economists and politicians in Pakistan. Besides all the buzz created by media commentary and
Free Market Economy. Thud! – by Bahadar Ali Khan: Relax, I am not going to write an obituary of Free Market Economy, at least not for now. It is also not about stock market crashes. Because these crashes are like fore-shocks that precede a big earthquake. But this
Sacred cows: Reflections on Pakistani media’s tax defaults – by Saifullah Saifi:
Nawaz Sharif’s statement and Pakistan State Oil’s rejoinder: It was interesting to hear Mian Nawaz Sharif speak to the press after the Central Committee of PML-N’s meeting on 25th May, 2010. Most of things he said were generic in nature. It had to be generic as there
No Economic Crisis -Our economic managers deserve credit for turning around the economy: As Pakistanis we have to stress on portraying a positive image of our nation. In this article, eminent economist, Akbar Zaidi talks about what the media is saying and making us all believe that nothing is well with Pakistani
Economic stability taking hold in Pakistan: IMF: In all this hoo-ha of NRO, Judicial Activism and yellow journalism, people of Pakistan have forgotten that there is an economy that is running and running well, which to those in perpetual denial will seem unbelievable. According to IMF,
Grand plot against media? An analysis of Hamid Mir’s article – by Ahmed Iqbalabadi: Hamid Mir in his article in The News titled “Grand Plot Against Media” published on 17th May, 2010 has pinpointed Asif Zardari and the Federal Government for having hatched a conspiracy to malign and blackmail the Pakistani media especially
Tax defaulters in Pakistani media: E&C Division-V RTO, Karachi – by Farhad Jarral: LUBP presents a report by the Enforcement and Collection Division-V RTO, Karachi highlighting the ethical and moral position of our sacred cows in Pakistani media. E&C DIVISION-V RTO, KARACHI – MEDIA CASES Minimum Tax Liability / Shortfall – Position
Balochistan farmers’ protest: While the prime minister was having a meeting with provincial chief ministers to review the success of the energy conservation strategy, farmers in Balochistan observed a province-wide wheel-jam strike to protest electricity load shedding on the call of the
There cannot be justice without freedom – by Imtiaz Baloch: There cannot be a human rights violation greater than the enslavement of a people. All the categories of rights and freedoms are lost or snatched away with a single stroke. Such is the plight of Baloch and other stateless
Strategy for the next budget – by Dr Ashfaque H Khan: The present government will be presenting its third budget on June 5, 2010. A budget is not only an account of revenue and expenditure of the government, but it also reflects the government’s policy stance to address the challenges
Structural reasons for poverty — by Syed Mohammad Ali: Landlords exert immense influence over landless people who often do not even own the land on which their homes are built. This in turn enables them to ensure that, when elections are held, their landless dependents vote according to
No room for complacency – by Dr. Meekal Aziz Ahmed: Dr. Meekal Aziz Ahmed worked in the Planning Commission, Government of Pakistan and was later Senior Advisor to Executive Director in the IMF. He holds a D.Phil in Economics from Oxford University. Dr. Ahmed has very kindly written this
Economic Restructuring in Pakistan – by Atif Abbas: The LUBP is pleased to share with our readers a research paper written by Atif Abbas (Insaf Research Wing) on economic restructuring in Pakistan. The research paper was first published at the Pakistan Tehreek-e-Insaf (PTI) official website: Link:
Current account deficit narrows by 68pc in 9 months – by Shahid Iqbal: The current account deficit kept supporting the traditionally weak external imbalances of the country as the deficit fell by 68 per cent at the end of third quarter of the current fiscal. The State Bank reported on Monday that
Pakistani democracy delivers — by Wajid Shamsul Hasan: Why Pakistan needs strong institutions is amply demonstrated in recent events of monumental importance. However, these events did not get enough attention either because of indifference from analysts or their lack of comprehension about these issues. It is a
ADB’s Asian Development Outlook 2010- By Haris Zamir: ‘Pakistan economy seen performing modestly better in FY10’  ( SOURCE ) ADB sees poor security conditions and electricity crisis hampering growth; urges faster economic changes KARACHI: Pakistan’s economy is likely to perform modestly better in fiscal 2009/10 (July-June), as
Power Crisis – IPPs do not present a solution – by Nadeem Khan: There is a huge question mark on the power generation as compared to the rated installed capacity which is very much high as against the demand of the country. The reason of short fall is only non payment to
An analysis of price hike in Pakistan – by Dr Farrukh Saleem: Capital suggestion: Price hike Just before Election 2008, the average retail price of Dal Masoor (pulse) was Rs64 per kilogram. Dal Masoor now sells for Rs129 per kilogram; that’s up a whopping 101 per cent. In 2007-2008, the average
Sharifs plea against tax evasion notices admitted: Originally Published at THENEWS Saturday, March 27, 2010 By The News Correspondent LAHORE A TWO-member bench of the Supreme Court on Friday admitted for regular hearing the petitions of the Sharif family, challenging notices of the Federal Board of