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The COVID19 pandemic has been the biggest story in Pakistan and the rest of the world. It has complicated Pakistan's economic recovery as did the ever-present threat of political instability posed by the opposition parties trying to take advantage of the crisis. Gallup Poll data shows that 65% of Pakistanis are happy despite hardships of the coronavirus pandemic. On the external front, Pakistan faced India's massive global disinformation campaign against it. The year 2020 was a tough year…
ContinueAdded by Riaz Haq on January 2, 2021 at 11:00am — 17 Comments
Pakistan's technology export growth is continuing to accelerate with a 51% jump in November 2020 over the same month in 2019. The country's tech exports rose 39% in the first 5 months (July-Nov) of fiscal year 2021 over the same period last year. This came on top of a 21% increase in FY 2020 over FY 2019. …
Added by Riaz Haq on December 22, 2020 at 6:30pm — 7 Comments
Pakistan’s IT exports increased by 44% during the first quarter (July, August and September) of the fiscal year 2020-21, according to a tweet by Razzak Dawood, Special Assistant to Prime Minister Imran Khan. Pharmaceutical exports saw 22.6% increase in the same period over last year. Pakistan's information technology and …
ContinueAdded by Riaz Haq on November 3, 2020 at 1:14pm — 24 Comments
With several major brands moving production to Pakistan amid the COVID19 pandemic, the country's exports have grown at a faster pace than those of Bangladesh and India, according to Bloomberg News. Pakistan's total textile shipments rose 7% in September, compared with India’s 6% and Bangladesh’s 3.5%. …
Added by Riaz Haq on October 31, 2020 at 4:30pm — 11 Comments
Until 2010, Bangladesh was a laggard in South Asia region. Its per capita income was about half of Pakistan's. Now Bangladesh has surpassed Pakistan as the Pakistani economy has suffered significant slow-down from the previous decade. In fact, the Pakistan economy grew at the slowest rate in South Asia as reflected in per capita incomes. While Pakistan's per capita income more than doubled from $500 to $1,000 in the ten years 2000 to 2010, the growth has slowed to less than 30% from 2010 to…
ContinueAdded by Riaz Haq on September 27, 2020 at 11:00am — 9 Comments
Pakistan pharmaceutical industry and market are among the world's top 3 fastest growing, according to IQVIA health market research firm based in the United States. Pakistan’s domestic pharmaceutical firms sales have grown 13.1% compounded annually in the last 4 years, outperforming multinational companies (MNCs), which saw global growth of 9.34% CAGR. Pakistan's pharma sector is growing faster than in other emerging markets like Bangladesh, Brazil, India, Russia and…
ContinueAdded by Riaz Haq on July 5, 2020 at 8:00am — 18 Comments
Pakistan's computer services exports soared 26% in March, 2020 over the same month last year. This growth occurred in spite of the coronavirus lockdown that began on March 23, 2020. The nation's total services exports fell 17% in the same month.…
Added by Riaz Haq on May 17, 2020 at 1:00pm — 29 Comments
Pakistan Textile Industry was celebrating a big milestone with 20% jump in exports in February 2020 when coronavirus struck a heavy blow. Some western retailers canceled orders while others put them on hold as the virus spread to Western Europe and the United States in…
ContinueAdded by Riaz Haq on March 27, 2020 at 6:00pm — 16 Comments
Pakistan Federal Board of Revenue has recently announced that “Sales Tax and Income Tax at import stage has been drastically reduced in case of smartphones of Rs15,000 or below". This action was apparently taken after Digital Pakistan Initiative led by…
ContinueAdded by Riaz Haq on January 22, 2020 at 11:00pm — 64 Comments
Talking with the media during Pakistan's Prime Minister Imran Khan's visit to the White House on July 22, 2019, US President Donald Trump said the United States “have a fantastic trade relationship (with Pakistan). I don’t mean we’ll increase it by 20 per cent. I mean, I think we can quadruple it. I think it could go — I mean, literally, it sounds crazy —…
ContinueAdded by Riaz Haq on July 31, 2019 at 7:30pm — 32 Comments
Pakistan's garments exports to the United States have jumped 12% in first quarter of 2019 from the same period a year ago, according to USITC Dataweb. This double digit exports growth is being partly attributed to US President Donald's Trump ongoing trade war with China with the US government imposing 10% to 25% tariffs on certain Chinese goods. Pakistani rupee devaluation has also…
ContinueAdded by Riaz Haq on June 13, 2019 at 4:59pm — 14 Comments
Low wages and trade preferential deals with Western nations have helped Bangladesh, currently designated "Least Developed Country" (LDC), build a $30 billion ready-made garments (RMG) industry that accounts for 80% of country's exports. Bangladesh is the world's second largest RMG exporter after China. With its designation as LDC (Least Developed Country), garments made in Bangladesh get preferential duty-free access to Europe and America. Rising monthly wages of Bangladesh garment…
ContinueAdded by Riaz Haq on January 12, 2019 at 8:00pm — 47 Comments
Pakistan's manufacturing sector is performing poorly relative to Bangladesh and India, according to the United Nations Industrial Development Organization 2018 report. UNIDO data shows that Pakistan's per capita manufacturing value added is not only lower than…
ContinueAdded by Riaz Haq on September 6, 2018 at 2:30pm — 11 Comments
The bulk of Pakistan's exports consist of low value commodities like chadar, chawal and chamra (textiles, rice and leather). These exports have declined from about 15% to about 8% of GDP since 2003. Pakistan's trade deficits are growing at an alarming rate as the imports continue to far outstrip exports. This situation is not sustainable. What must Pakistan do to improve it? What can Pakistan do to avoid recurring …
Added by Riaz Haq on September 2, 2018 at 4:00pm — 16 Comments
Pakistan's information technology exports have bucked the nation's declining exports trend with double digit growth to reach $1,065 million in fiscal year 2018, according to the State Bank of Pakistan. It is generally believed that Pakistan's central bank underestimates technology exports. Some have argued that the actual IT exports were closer to …
ContinueAdded by Riaz Haq on August 28, 2018 at 10:00pm — 31 Comments
Every country needs US dollars to import products because the US dollar is the international trade and reserve currency. Only the United States can print dollars; all others must acquire them through exports and capital inflows like investments, remittances and loans. Pakistan has had serious problems in acquiring sufficient amount of dollars for its needs through trade and investments over the last…
ContinueAdded by Riaz Haq on July 31, 2018 at 6:30am — 6 Comments
Pakistan is taking on significant amounts of domestic and foreign debt to finance its budget deficits and to support major energy and infrastructure development projects as part of China-Pakistan Economic Corridor (CPEC). Over one-third of this public debt is external debt denominated in US dollars, Euros and other hard currencies. At the same time, Pakistan's exports have declined over the last several…
ContinueAdded by Riaz Haq on January 30, 2018 at 9:00pm — 11 Comments
Air forces of about a dozen developing nations are buying and deploying Pakistani made aircrafts. The reasons for their choice of Pakistan manufactured airplanes range from lower cost to ease of acquisition, maintenance and training.
Pakistan's Aircraft Exports:
Pakistan started developing defense hardware for imports substitution to reduce external dependence and to save hard currency. Now the country's …
ContinueAdded by Riaz Haq on December 11, 2016 at 11:00am — 36 Comments
A 2005 study by US General Accounting Office (GAO) found that Indian government's figures for software and technology exports to the United States were 20 times higher than the US figures for import of the same from India.
U.S. General Accounting Office looked at the 2003 data showing the United States reported $420 million in unaffiliated imports of BPT (business, professional, and technical) services from India, while India…
Added by Riaz Haq on November 20, 2013 at 10:55am — 16 Comments
Added by Riaz Haq on September 17, 2011 at 11:00am — 2 Comments
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Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …
ContinuePosted by Riaz Haq on April 26, 2024 at 7:09pm
Pakistani student enrollment in America's institutions of higher learning rose 16% last year, outpacing the record 12% growth in the number of international students hosted by the country. This puts Pakistan among eight sources in the top 20 countries with the largest increases in US enrollment. India saw the biggest increase at 35%, followed by Ghana 32%, Bangladesh and…
ContinuePosted by Riaz Haq on April 1, 2024 at 5:00pm
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