| by Khalid Saleem, Deepest education crisis in 100 years | by M Ziauddin, Political ethics and state of Pakistan | by Dr Muhammad Khan, Pakistan’s first ever Digital Media Advertising Policy to be unveiled soon, Syria’s President Bashar al-Assad, wife test positive for COVID-19. Economy related predictions to impact pakistan in 2021 include: Pakistan starts the repayment of Chinese loans this year, including loans borrowed for the development of the China-Pakistan Economic Corridor (CPEC) project.1. Pakistan’s real GDP growth is estimated to have declined from 1.9 percent in FY19 to -1.5 percent in FY20. All the six factors that I am listing below to define ‘Pakistan in 2021’ are, therefore, linked, directly and not-so-directly, to Covid-19. News desk - February 8, 2021. The next tranche of the IMF programme to support Pakistan’s external account will be disbursed in March 2021. The economy will register a recovery in fiscal year 2020/21 (July-June), growing by 1.7%, partly owing to support provided by the government’s stimulus efforts. Western economies are using dirty money stolen from third world to sustain their economies in exchange for immigration and other such incentives. Pakistan gdp growth rate for 2016 was 5.53%, a 0.8% increase from 2015. High global oil prices may trigger Pakistan’s economic crisis. Pakistan’s auto industry capacity to reach 600,000 cars by 2021. While domestic economic activity is expected to recover, as lockdown measures are lifted and base effects materialize, Pakistan’s near-term economic prospects are subdued. While 2020 has certainly been an unpredictable year due to Covid-19 and international travel restrictions, 2021 provides a new opportunity to explore new and emerging industries and shifts in consumer trends and behavior. The government must act (March 19, 2017, the Guardian). Tweet. Pakistan’s economy will see a 1.5 percent increase in the current fiscal year, predicted by Moody’s Investor Service on Wednesday, adding that Pakistani banks are stable, however, risks in the banking sector were increasing. As the capital market is considered the backbone of the economy, positive returns are a clear sign that Pakistan is on the rise on the global front. Read more: A look back at Pakistan’s exports in 2020, Powered by : k9 Technologies | High Performance Product Developer, Install "GVS APP" from "GOOGLE PLAY STORE", FIEDMC supports PM Khan’s initiative: Says construction sector will boost Pakistan’s economy, Ready to protect Pakistan economy from virus shock: Governor SBP, Pakistan’s value-added export industries will be prioritized, say PM Khan, A look back at Pakistan’s exports in 2020, Vote of Confidence: PM Imran Khan recommends book ‘The Great Arab Conquest’, Cement sector posts YoY growth of 1.98pc:AKD. ISLAMABAD, PAKISTAN (15 September 2020) — Pakistan is projected to experience a broad economic recovery in fiscal year (FY) 2021 (which ends 30 June 2021) as the economic sentiment improves with the expected subsiding of the coronavirus disease (COVID-19) pandemic and the resumption of structural reforms, says an Asian Development Bank (ADB) report. SAMAA | Samaa Money. The package strikes an appropriate balance between supporting the economy, ensuring debt sustainability, and advancing structural reform. Accordingly, Pakistan needs to scrap 1992 economic reforms act and foreign currency accounts 2020 in its current form to end money laundering and use measures like US Bank Secrecy Act 1970 (FinCEN), FATF, 24/7 Know Your Customer transactions, AML forensic audits reports of financial institution, blacklisting banks and individuals in SBP, SECP and FIA to block, trace and recover looted funds. The economy will register a recovery in fiscal year 2020/21 (July-June), growing by 1.7%, partly owing to support provided by the government’s stimulus efforts. The slow roll-out of Pakistan’s 1,100 kilometer gas pipeline system has forced the nation to find new ways to transport the fuel to meet its rapid energy demand growth. Recommend 0. According to Hafeez Pasha, ex-finance minister, the current 13 slab systems should be replaced with 4 to 5 slabs and introduce elite taxes to generate another Rs2500bn. February 27, 2021 Topic: Security Region: Asia. A container is loaded on to the Cosco Wellington, the first container ship to depart after the inauguration of the China Pakistan Economic Corridor port in Gwadar, Pakistan November 13, 2016. Lower consumer spending and business confidence will suppress lending growth and business opportunities.”, Kypreos further stated, “Deposit-based funding and good liquidity buffers also remain strengths, while the probability of government support in a crisis is high, even if its ability to do so is limited by fiscal challenges.”. In brief. Improving economy in 2021. Moody's Investors Service said the economy should return to modest 1.5 per cent gross domestic product (GDP) growth in financial year 2021, which ends on June 30. Saturday Jan 02, 2021 . Read more: Pakistan’s value-added export industries will be prioritized, say PM Khan, As of September 2020, 70 percent of the total assets were made up of customer deposits, and the number will increase by 7 percent to 9 percent in 2021 owing to strong inward remittances and financial inclusion, predicted Moody’s. The policies of high interest rate, imports in foreign currency ($30bn), subsidies for private businesses and energy cartels merit independent investigation and accountability for economy and jobs. The next tranche of the IMF programme to support Pakistan’s external account will be disbursed in March 2021. Water and Power Development Authority (WAPDA) was created by an act of Parliament in 1958 as an autonomous and statutory body under the administrative control of the Federal Government. Breakup UK’s high street banks, say cross party MPs. At the beginning of 2021, there comes encouraging news from China. Like almost every country around the globe, Pakistan’s economy suffered in 2020. By News Desk. Economic Indicators for Pakistan including actual values, historical data, and latest data updates for the Pakistan economy. February 15, 2021 World needs to explore economic potential of digitisation: EU Envoy. The renegotiation of 40 IPP contracts out of 47 is opaque and they merit to be scrapped to end energy cartels and return energy sector under government to costs.