Muashara

ISLAMABAD – The leading UK based consultancy Centre for Economics and Business Research (CEBR) has published its latest report forecasting an average 4.2 percent GDP growth for Pakistan in the next five years. As per the World Economic League Table 2020, published by the Centre for Economics and Business Research (CEBR), Pakistan had a PPP (Purchasing Power Parity) adjusted GDP per capita of $5,872 in 2019, making it a lower middle-income country. The economy of Pakistan has carried forward the momentum from last year, with GDP set to have risen by 3.3 percent in 2019, down from 5.5pc in 2018, said the report. “This growth coincides with the country's clear objective of cutting down political corruption, increasing overall confidence of the country's economic future. The unemployment rate remained steady at 6.1% in 2019.” “The weakness of the labour market stands in contrast with the strong performance of the overall economy and suggests that successfully drawing down the...

LAHORE – President of Lahore Chamber of Commerce and Industry (LCCI), Irfan Iqbal Sheikh said that Chinese technological advancement and expertise can help Pakistan to serve as a food basket to this part of the world. “ It has vast fertile land, all weathers and one of the best canal systems but unable to reap fruit from these blessings just because of lack of modern technologies ”. He expressed these views while addressing a six-member high powered trade delegation from China here at the Lahore Chamber on Wednesday. There were countless opportunities for the Chinese investors to invest in the vibrant sectors of economy which include engineering, surgical instruments, pharmaceuticals, value added textiles, leather products, poultry/meat and agriculture machinery etc. he said and asserted that it was important that there should be win-win situation for all the stakeholders. Irfan Iqbal Sheikh said, “ It is the right time to invest in Pakistan ," addi...