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Four reasons why devaluation will hurt the economy

There is a distinct sense of déjà vu regarding the current economic situation, calls for devaluation and new import tariffs. There were similar calls in 2007-08, when the economy was in serious difficulty and our foreign reserves plunged to $3.4 billion (enough to cover just one month’s imports). At the time the government obliged by devaluing the currency by 28 per cent […]

Time to establish ministry of private sector facilitation

By Mr Naveed Iftikhar Cheema Originally published in the Express Tribune 9th of October 2017 Pakistan exported goods and services worth $25 billion in the fiscal year 2011 and in FY17 exports stood down at around $21 billion. Exports-to-gross domestic product (GDP) ratio is also low if parallels are drawn with comparable countries. Investment-to-GDP ratio has hovered around 15% over […]

LNG Revolutionising Pakistan’s energy sector

ISLAMABAD: Some four centuries ago, French philosopher Jean de La Bruyère remarked: “The pleasure of criticism takes away from us the pleasure of being deeply moved by very fine things.” If one looks at Pakistan’s print and electronic media, it would appear that nothing has gone right for the liquefied natural gas (LNG) projects in the country. However, the rest of the […]

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