General Economic Updates

When/If Pakistan goes into mining or transporting the minerals from Afghanistan, it needs to be steadfast if not stubborn to make sure any deals it signs are for Pakistan to do absolutely the most value added processing it possibly can, including importing the means to build the equipment to independently mine and process.

It is the only major sector Pakistan can be competitive on for the long term; processing its own minerals and those minerals that pass through Pakistan.
 
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EDITORIAL: Pakistan's economy has ‘stabilised’. Yet it remains just a shock — a failed performance review of the IMF’s 37-month $7bn programme — away from a relapse.

This is the crux of a special note released by Fitch Ratings ahead of the first biannual programme review, expected to start soon. Not that Pakistan is likely to fail the upcoming review, but Fitch, like many others, is not too bullish on the government’s commitment to implementing the difficult reforms needed to address the imbalances in the economy.

While acknowledging the “progress in restoring economic stability and rebuilding external buffers”, the note cautions that “structural reforms would be key to the IMF programme reviews and continued financing from other … lenders”.

Read full editorial: https://www.dawn.com/news/1891000/
 
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Transparency International 2024 Report on Corruption in Pakistan
 
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ISLAMABAD:
Pakistan has tumbled further in Transparency International's Corruption Perception Index (CPI) for 2024, slipping to 135th place out of 180 countries.
Dawn
 
How true is it that Pakistan is basically bankrupt and just running on loans? Won’t the lower oil prices buy the country some breathing room?

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Today the situation is different with the IMF again on board and hence focus should be on the fact that buying dollars is indicative of a fragile economy rather than a turn-around as claimed by the Cabinet members.

Buying dollars to shore up reserves https://www.brecorder.com/news/40347732
 
FuturePAF said:
How true is it that Pakistan is basically bankrupt and just running on loans? Won’t the lower oil prices buy the country some breathing room?

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For more detailed information, see our cookies page.
Click to expand...

Not enough. Need to boost exports.
 
Fatman17 said:
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ISLAMABAD:
Pakistan has tumbled further in Transparency International's Corruption Perception Index (CPI) for 2024, slipping to 135th place out of 180 countries.
Dawn
Click to expand...
Top officials of the National Electric and Power Regulatory Authority (Nepra) have significantly increased their remunerations, without mandatory approval by the federal cabinet, sources told Dawn.

The increase has come at a time when the power sector is facing massive technical, commercial and distribution losses.

Read more: https://www.dawn.com/news/1892391/top-nepra-officials-hike-salaries-without-cabinet-nod
 
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EDITORIAL: The Green Pakistan Initiative took off with the launch of three business franchises under the umbrella project in Cholistan last week. The ventures, which are backed by the military, promise to serve farmers as a “one-stop shop solution”, providing them with high-yield seeds, fertilisers, pesticides, and fuel at discounted rates.

Farming implements and machines, including tractors and drones, will also be rented out to them at affordable prices. In addition, soil testing and other research services will be offered to growers in collaboration with agriculture research institutions in the country to encourage innovation in this most important economic sector upon which depends our food security and much of our export earnings.

Read more: https://www.dawn.com/news/1892713/

Another scam in the offing
 
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