New Delhi, Feb 24 (IANS) Bangladesh, under new Prime Minister Tarique Rahman, faces structural challenges in balancing the US and China trade ties as both are vital economic partners, a new report has said.The Nikkei Asia report said that “onerous terms” of a US trade deal have highlighted how Rahman “faces a delicate balancing act” when it comes to ties with Washington and Beijing as the two vie for influence in his country.While American is touting market access, security cooperation a…
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New Delhi, Feb 22 (IANS) Pakistan’s successive governments, both civil and military, have been imposing higher and regressive taxes, pushing the overwhelming majority of citizens towards an unbearably high cost of living, and adding insult to injury, the state provides nothing in terms of welfare and has total apathy towards the economically vulnerable segments of society, an article in the Pakistani media said.Pakistan’s fiscal crisis is not simply about deficits and numbers. It is about a …
New Delhi, Feb 19 (IANS) Pakistan’s struggling growth story may not be about weak productivity or lack of innovation, but about the high cost of doing business created by state policies, according to a recent private sector analysis reported by Nikkei Asia.The report, based on a study conducted by the Pakistan Business Forum (PBF), cited by The News International, found that operating a business in Pakistan is 34 per cent more expensive than in comparable South Asian economies.Business leaders…
New Delhi, Jan 15 (IANS) Pakistan’s dangerous gamble with cryptocurrency has raised fresh concerns about the country’s already weakening economy, according to a new report.Nikkei Asia reports that Pakistan is rapidly expanding its footprint in the cryptocurrency space by welcoming global crypto exchanges.“Pakistan believes it has come up with a way to make government and other assets more accessible to global investors, thereby improving liquidity, but one that is raising alarm bells,” a…
Islamabad, Jan 5 (IANS) With Pakistani households forced to spend nearly two-thirds of their income on food and electricity, the economy has ceased to be about growth and has become one of survival, a report said on Monday. Citing the Pakistan Bureau of Statistics’ latest Household Integrated Economic Survey, it revealed that life in Pakistan has increasingly become a matter of basic survival.“Food alone now absorbs more than a third of household spending. Another quarter goes into housing, el…
Islamabad, Jan 4 (IANS) Rapid increase in population in Pakistan has been an alarming concern as the South Asian country continues to deal with resource scarcity, mounting climate vulnerabilities, gender inequality, poverty, and illiteracy, a report stated. According to the United Nations Population Fund (UNFPA), Pakistan has become the fifth most populous nation in the world. In about 80 years, the population in Pakistan has increased from 33.7 million to 255 million, according to a report in T…
New Delhi, Jan 3 (IANS) Pakistan stares at several economic challenges in 2026 amid continuing low economic growth, recurring militant attacks and potential disasters related to climate change, according to a new report.A report in Nikkei Asia by Farhan Bokhari said that the country has avoided default on its foreign debt payments — owing to a timely intervention by the International Monetary Fund in 2024 with a $7 billion loan through 2027 — but faces major challenges this year.The country’…
New Delhi, Dec 25 (IANS) The International Monetary Fund (IMF) has asked the Pakistan government to reduce its spending on incentives given for foreign remittances, a move that has raised concerns among experts about a possible shift of money flows back to informal channels. According to a report by Nikkei Asia, analysts fear that cutting these incentives could weaken official banking routes and push more remittances towards backstreet networks such as hawala and hundi.The IMF’s recommendation…