Islamabad, June 4 (IANS) Pakistan needs to raise its education spending to international levels – at least four-six per cent of Gross Domestic Product (GDP) – as suggested by the United Nations Educational, Scientific and Cultural Organisation (UNSESCO) and United Nations International Children’s Emergency Fund (UNICEF), a report has stated. Pakistan’s literacy rate is 60 per cent while male literacy stood at 68 per cent and female literacy is at 52 per cent. The literacy rate in Pakistan is hig…
Latest Business Recorder News & Updates
New Delhi, May 24 (IANS) Pakistan’s rising food import bill is emerging as a major threat to the country’s fiscal stability and economic resilience, exposing deep structural weaknesses in its agricultural and governance systems, a report has said. Latest trade data for the first 10 months of FY2025-26 showed that Pakistan’s food imports surged by 13.81 per cent to $7.848 billion, while exports of raw food products declined by more than 32 percent to $4.19 billion, according to the Business…
New Delhi, May 20 (IANS) Pakistan’s telecom sector is facing investment pressure amid a high tax burden that is impacting its capacity to expand and upgrade digital infrastructure, a report has said.A report published in Business Recorder highlighted that the federal budget approaches and questions are being raised over whether current taxation policy is aligned with Pakistan’s ambition to build a competitive and inclusive digital economy.The telecom sector, which underpins financial inclusi…
Islamabad, May 17 (IANS) Dozens of lawmakers in Pakistan are sitting in the National and provincial assemblies while the validity of their elections is still in question, as the election tribunal was not able to provide a resolution to petitions on time, according to a report in the Pakistani media.The election tribunals were established to give an impartial resolution of electoral disputes in a timely manner.”The Elections Act clearly requires tribunals to decide petitions within 180 days. Yet,…
New Delhi, May 13 (IANS) Taxation, exports and energy reforms continue to remain Pakistan’s weakest economic areas due to poor implementation, policy inconsistency and entrenched institutional constraints, a report has said.The report published in Business Recorder showed that Pakistan have repeatedly failed to implement reforms in a sustained and consistent manner, resulting in low growth, weak exports and continued dependence on external financing support.The country’s export sector reflec…
New Delhi, May 10 (IANS) As Pakistan prepares for the national budget for fiscal year 2026-27, business chambers and industry stakeholders are once again pushing for structural tax reforms, arguing that the country can no longer rely on short-term taxation measures and annual fiscal adjustments to revive economic growth and investor confidence, a report has said.Among the key voices is the Overseas Investors Chamber of Commerce and Industry (OICCI), which has submitted a fresh set of taxation pr…
New Delhi, May 7 (IANS) Pakistan could face an economic shock of up to $68 billion if the conflict in the Middle East persists and the Strait of Hormuz remains closed for an extended period, according to a presentation by the Policy Research Institute of Market Economy (PRIME) to the National Assembly Standing Committee on Finance.The report cited by Business Recorder outlined three possible scenarios to assess the economic fallout of the war on Pakistan.In the first scenario, where hostilities …
New Delhi, April 28 (IANS) In fresh trouble for financially-starving Pakistan, the International Monetary Fund (IMF) has added 11 new conditions to the ongoing $7 billion Extended Fund Facility (EFF) programme, according to a new report.A report in Business Recorder says that one condition is the enactment of an amendment to the Special Economic Zones (SEZ) Act and the Special Technology Zones Authority Act to phase out existing fiscal incentives and shift from profit-based to cost-based incenti…
Islamabad, April 27 (IANS) The murder of a 19-year-old woman in Khairpur village of Pakistan’s Sindh province is not an isolated tragedy but part of a broader pattern of injustice requiring collective outrage and action. The incident reflects a society that continues to tolerate brutality under the guise of family “honour”, a report said on Monday.“The vile custom of ‘karo-kari’, still prevalent in parts of rural Sindh, has claimed countless lives—mostly women—reducing them to expend…
Islamabad, April 25 (IANS) The Human Rights Council (HRC) of Pakistan on Saturday strongly condemned the recent increase in petroleum product prices in the country, terming it as an “economic suicide attack” on the public. The remarks came after the Pakistani government announced an increase of Pakistani Rs 26.77 in the prices of petrol and high-speed diesel (HSD) by Rs 26.77 for the next week. The revised rates took effect from Saturday, according to a notification from the Ministry of Energy (…