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Washington Consensus is not dead Pakistan should open economy, adopt market-oriented policies ISLAMABAD: On April 23, 2021, The Express Tribune published a statement of Minister for Planning and Development Asad Umar. He said: “Washington Consensus is not even implemented in Washington and the idea of free market without government regulation is buried.” This gives the impression that the Washington Consensus is a failed idea and has not worked in supporting economic growth and prosperity. In this article, I argue this is not the case as the Washington Consensus is still thriving and prov...

Top Story May 6, 2021 ISLAMABAD: In a positive sign, the number of registrations for the coronavirus vaccine have been increasing significantly as over 200,000 people got vaccinated against the virus on Tuesday, said Federal Minister for Planning and Development Asad Umar. Taking to Twitter on Wednesday, the federal minister noted that the number of registrants of the coronavirus vaccines in the country has exceeded the five million mark. He also urged people who are 40 or above to get themselves vaccinated against the coronavirus, adding that people should continue observing coronavirus saf...

Pakistan vaccinates over 200,000 people against coronavirus in a day By Wednesday May 05, 2021 A Health worker gives COVID-19 vaccine to a person at Sherpao hospital in Peshawar, on March 25, 2021. — INP/File Asad Umar says number of registrations for the coronavirus vaccine have been increasing significantly. He adds that over 200,000 people got vaccinated against the virus a day earlier. The number of registrants of the coronavirus vaccine have also exceeded five million. In a positive sign, the number of registrations for the coronavirus vaccine have been increasing significantly as o...

Experts estimate that the country needs a 7-9pc annual economic growth rate for the next 30 years to create 2m jobs...

New national electricity plan 2021 approved Business April 23, 2021 ISLAMABAD: The government on Thursday approved a new national electricity plan 2021 and Indicative generation capacity expansion plan (IGCEP) for the next 10 years after abandoning its earlier plan for the next 27 years. The cabinet committee on energy took the decision during a meeting presided over by Minister for Planning and Development Asad Umar. Sources said the wholesale generation cost accounts for 80-85 percent of the end consumer cost therefore the generation planning needs a clear roadmap. The IGCEP is a 10-year ...