Evolving trend in Pakistan’s trade
Improved trade facilitation, digitalisation of procedures will be critical to reducing costs
The government has already missed the annual export target in its first two years. For the current fiscal year, it has set the export target at $22.7 billion, which will require 6.2% growth. PHOTO: FILE
KARACHI:
Exports from Pakistan continue to show an upward trend as they increased 14.37% in March 2021 over the value reported in February 2021 and 30% over the value reported in March 2020, as reported by the Pakistan Bureau of Statistics (PBS).
Export growth was reported across all major categories. Exports of the food group increased 16.5% month-on-month in March 2021. This was dominated by exports of Basmati rice, which increased 73% month-on-month. Similar growth rates were also reported for fish and fish preparations.
Pension reforms at federal, provincial levels stressed
Islamabad
May 3, 2021
Islamabad:Brining reforms about pensions is an urgent need to ensure sustainable fiscal growth at the federal as well as at provincial levels.
Speakers said this while sharing their views with the participants during an online dialogue on “Reform of pensions: lessons from successful examples in Pakistan” organised by Sustainable Development Policy Institute in collaboration with Sustainable Energy and Economic Development (SEED).
The former head of Federal Pay and Pension Commission, Wajid Rana said that any pension reforms cannot be separated from pay reforms. Both pay and pension bills are growing at a rapid pace and more is being consumed from the general revenue collections due to this increase, he added.
Pension reforms at federal, provincial levels stressed thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
LAHORE: A holistic approach and reliable database on water resources and their usage across Pakistan is the key to achieving water, energy and food security in the fifth most climate-vulnerable country of the world, according to the panelists at a UN Food Systems Summit Independent Dialogue.
Organised by the International Water Management Institute (IWMI), the online dialogue highlighted the need for transformative approaches to promote equity and inclusion in World Economic Forum (WEF) nexus governance for sustainable water, energy and food systems.
Other outcomes of the discussion, which included contributions from the International Food Policy Research Institute (IFPRI), Hisaar Foundation, Sustainable Development Policy Institute (SDPI), Pakistan Council of Research in Water Resources (PCRWR), FAO, Global Water Partnership and Pakistan Agricultural Research Council (PARC), flagged the need for a substantial increase in research and development funds for the agriculture sector th
Call for tapping renewable energy sector’s potential
Lahore
April 25, 2021
Islamabad : Pakistan has a huge potential in renewable energy sector and its tapping could play a significant role in achieving environmental targets.
This was declared by experts during a webinar held on ‘Low carbon recovery in Pakistan-green financing strategies in post-COVID-19 scenario,’ by the Sustainable Development Policy Institute (SDPI).
Energy Finance Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA), Simon Nicholas, said green recovery initiatives were not only about environmental concerns but also about rescuing the power sector of Pakistan, which was under great strain. He said being a partner of china, a global green recover leader, Pakistan was serious contender for green recovery and transition to renewable energy.