Pakistan Economy

[Azaad]

https://www.cnbctv18.com/world/paki...heist-that-still-haunts-the-govt-19481519.htm



Astaghfirullah !

Aisa kaun sagaa jisko humne nahin thagaa.

Alhamdulillah !

 

[FalconSlayers]

So, $1 trillion undokyumented ekanamy has annual investments of just $37 billion (most of which is real estate and big construction works like unnecessary dams). For contrast in India it is roughly around $1.33 trillion.

The year, 2023-24, has witnessed the lowest ever level of fixed investment in Pakistan. It is estimated at 11.4% of the GDP. This is in comparison to 15.4% of the GDP in 2017-18 and even higher at 16.3% of the GDP, as far back as 2007-08. Both private and public investments have declined sharply in 2023-24.

The investment slump

The year, 2023-24, has witnessed the lowest ever level of fixed investment in Pakistan. It is estimated at 11.4% of...

www.brecorder.com

 

[FalconSlayers]

Sale of petroleum products jumps 20% in September amid higher demand​

BR Web Desk Published about an hour ago

Sale of petroleum products jumps 20% in September amid higher demand

Sale of total petroleum products in Pakistan clocked in at 1.27 million tons in September, an increase of 20%...

www.brecorder.com

 

[FalconSlayers]

However, estimates for the 2024-25 season indicate a staggering 65% decline, according to the Pakistan Cotton Ginners Association’s report from September 15, 2024, with production expected to reach only 5 million bales. This falls far short of the textile industry’s annual demand of 13-15 million bales.

The sharp decline is rippling through the economy, particularly affecting rural communities reliant on this critical cash crop. The impact is severe for vulnerable groups such as female workers and local farmers, with significant economic and social consequences.

The impact of reduced cotton production on rural economies and country’s balance of payments

The basic rule of economics is clear: global demand drives global production, and countries with a comparative...

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