Latest Formal Sector News & Updates

New Delhi, April 17 (IANS) As deliberations on the upcoming budget gather pace, Pakistan Finance Minister Muhammad Aurangzeb’s recent engagement with trade bodies and the business community has thrown up a set of entrenched concerns that continue to weigh on economic activity, according to an editorial in the Karachi-based Business Recorder newspaper. Stakeholders pointed to the persistently high cost of doing business, tightening liquidity, chronic infrastructure gaps and most importantly, po…

New Delhi, Feb 15 (IANS) Pakistan’s economy cannot be fixed without fixing the politics first, as a corruption-ridden government is coming in the way of economic development, according to an article in the Pakistani media.An economic system is perforce a product of the political system. The political system is higher in the hierarchy than all the other sub-systems; hence, any malfunction there affects all the constituent sub-systems. The degenerating economic order cannot be viewed in isolatio…