Govt revises up FY21 growth rate to 5.4pc, GDP to $347bn
By Mubarak Zeb Khan Published in DAWN on January 21, 2022 ISLAMABAD: The size and growth rate of Pakistan’s economy increased significantly during 2020-21, making it the second-highest economic growth recorded in the last three years of the incumbent government. As a result of the rebasing exercise, the growth rate […]
Change of Base Year & its Impact on Key Economic Indicators
Government of Pakistan Finance Division Economic Adviser’s Wing Subject: Change of Base Year & its Impact on Key Economic Indicators Table-1: Impact of Re-basing on Macro-Economic Variables Indicators Fiscal Year 2021 % Change Base Year 2006 Base Year 2016 Real Sector GDP Size (current) (Rs mn)[…]
Land grab or river revival? Inside $7 billion Ravi city project
Published in The News on January 20, 2022 After the British divided Pakistan and India more than seven decades ago, Suleman Mohammad Sajjad Warraich’s father received a section of land on the outskirts of Lahore. It was a place to put roots in the new nation. Later on, Warraich and[…]
Economists Pin More Blame on Tech for Rising Inequality
By Steve Lohr Published in The New York Times on January 11, 2022 Daron Acemoglu, an influential economist at the Massachusetts Institute of Technology, has been making the case against what he describes as “excessive automation.” The economywide payoff of investing in machines and software has been stubbornly elusive.[…]