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Insurance sector’s glory days long gone
ISLAMABAD: At the time of independence, Pakistan had five domestic and 77 foreign insurance companies. These companies were regulated under the Insurance Act of 1938. The government in 1948 established...
View ArticleHow well-planned is the Planning Commission?
ISLAMABAD: Montek Singh Ahluwalia, currently a visiting professor at the Stern School of Business New York University, served as the deputy chairman of the Planning Commission of India from July 2004...
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Weighing in on benefits: Implementing transit fee on CPEC routes
ISLAMABAD: On November 18, 2014, in a statement published on the PPI website, Kashmir Affairs and Gilgit-Baltistan Federal Minister Chaudhary Muhammad Barjees Tahir claimed that the China-Pakistan...
View ArticleForeign aid flow a politically motivated process
ISLAMABAD: The new development agenda of the world has been set under the rubric of Sustainable Development Goals (SDGs) with expected cost of $3 trillion.With so much of its focus on appreciating the...
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Trade tariffs: Our strategically wrong moves
ISLAMABAD: If Pakistan wants to achieve a trade target of $150 billion by 2025, the country needs to make serious adjustments in its trade policy strategy.Pakistan’s trade policy has generally followed...
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Cane price, sugar surplus: Bitter solution to the sweet problem
ISLAMABAD: The government, through the Economic Coordination Committee, has announced a subsidy of Rs6.5 billion for export of 500,000 tons of sugar to cover the price differential between local and...
View ArticleAbsolute power: Competition non-existent as NICL dominates
ISLAMABAD: It is largely known that at 0.80% insurance premium/gross domestic product ratio, Pakistan stands at one of the lowest insurance penetrations in the world. The fact that the largest general...
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Rice exports: Let the market innovate
ISLAMABAD: In 1933, the Kala Shah Kaku based Rice Research Institute (RRI) introduced Basmati-370, which became the father of all Basmati varieties in Indo-Pak subcontinent. That institute, together...
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Mega projects need to have mega economic returns
ISLAMABAD: When Tarbela and Mangla Dams were built in the 1960s, they changed the course of our economy. They played a crucial role in water management and agricultural development. Through the water...
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Capital flight from Pakistan a regular occurrence
ISLAMABAD: Ownership of capital, and its mobility, when it is legally obtained, is the right of an individual or a business firm. The Panama leaks and the presence of around 200 Pakistanis, mostly...
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