Manifestos of major political parties lack immediate solution to economic issues

ISLAMABAD: Though the political parties realize the grave economic situation of the country, they have not shared their strategy of dealing with the immediate challenges on the economic front in their manifestos shared recently. All the major political parties including Pakistan Peoples Party (PPP), Pakistan Muslim League Nawaz (PML-N) and Pakistan Tehrik-e-Insaf (PTI) have not disclosed…


Turkey to export 30 combat helicopters to Pakistan

Turkey and Pakistan today signed a deal for the sale of 30 T129 ATAK helicopters, according to the Turkish Defence Industries Undersecretariat (SSB). “Contract negotiations on T129 ATAK helicopters between Turkish Aerospace Industries (TAI) and the Pakistani Ministry of Defence Production were finalized,” the undersecretariat said in a statement. This is the biggest single export in the history of the Turkish…


Trade gap hits record $37.7bn

ISLAMABAD: Pakistan’s trade deficit widened to an all-time high of $37.7 billion in the outgoing fiscal year, contributing to the rising current account deficit of the country. The deficit soared almost 16 percent during the 2017-18, posing a serious challenge for the government to control the menace of rising current account deficit, according to official…

IMF and Pakistan

‘Pakistan needs IMF-backed reforms’

KARACHI: Pakistan’s incoming government would need belt-tightening reforms introduced by the IMF’s loan program to tackle external account challenges, a senior industry official said on Wednesday amid reports that talks are underway to obtain $1 to 2 billion from Saudi Arab or UAE. Ehsan Malik, the chief executive officer of Pakistan Business Council (PBC) said…


Commercial attaches urged to help promote Pakistani products in foreign markets

LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has urged the government to direct the Commercial Attaches abroad to facilitate the export of Pakistani products in the international market through their official network. The appeal was made by  Pakistan Carpet Manufacturers and Exporters Association chairman Latif Malik while talking to office bearers of the association…