Pakistan

Remittances stabilise economy, support households, but cannot replace domestic growth or essential reforms There is little disagreement about the stabilising contribution of overseas Pakistanis in providing timely relief in times of need. They help families meet basic needs, support consumption, and often act as a buffer during economic crises. However, too much reliance on them exposes the weaknesses of the …

In Pakistan, remittances finance human capital investments, education and health, leading to long-term productivity gains Pakistan’s home remittances, also known as workers’ remittances, represent one of the most vital pillars of the country’s economy. These inflows, sent by millions of overseas Pakistanis to their families back home, have consistently served as a major source of foreign exchange, supporting the balance …

Gap between rich and poor continues to be widened in developing countries Good education, healthcare and economic opportunities remains out of reach The degree of incomes inequality is taken as one of the parameters to determine level of poverty in a country, but while probing into the causes of income inequalities one comes to know of factors totally out of …

Overseas earnings strengthen literacy, incomes and preventive oral healthcare practices across generations. Foreign remittances play a significant socioeconomic role in developing countries such as Pakistan, where millions of skilled and non-skilled workers are employed abroad in the Middle East, Far East, Europe and North America. These remittances not only stabilize household incomes but also contribute to long-term improvements in education …

In the formal language of economics, we speak of GDP, fiscal deficits, public expenditure, tax-to-GDP ratios, and development outlays. Yet beyond the columns of official statistics lies an enormous, informal, and deeply embedded system of wealth redistribution that shapes livelihoods across Pakistan every single day. It does not appear in national income accounts. It is rarely debated in parliament. It …

Fresh investment in data centres will drive Pakistan’s communication and economic growth. To stay connected today is not only about social media or voice calls. The real need of the hour is financial connectivity — the ability to earn, trade, save, invest and transact digitally. In this new era, communication infrastructure and data centres are no longer luxuries. They are …

Uniform training produces uniform mediocrity in diverse modern workplace environments For decades, employee training followed a predictable script. New hires attended the same orientation sessions, managers completed identical leadership programmes, and high performers sat through training designed for average skill levels. The assumption was simple: if everyone receives the same knowledge, performance will improve uniformly. That assumption no longer holds. …

ZLK empowers investors with Shariah-compliant equities and Sukuk, bridging ethics, growth and financial confidence An Exclusive interview with Zahid Latif Khan, founding chairman of Zahid Latif Khan Securities and ZLK Islamic Financial Services PROFILE Zahid Latif Khan is the founding chairman of Zahid Latif Khan Securities (Private) Limited (ZLK Securities) and ZLK Islamic Financial Services (Private) Limited, the first and …

Sustainable stability requires export diversification, industrial modernisation, technological innovation and domestic capital formation Interview with Senator Saleem Mandviwalla — Chairman of the Senate Standing Committee on Finance and Revenue PAGE: Tell me something about yourself, please: Saleem Mandviwalla: I have had the privilege of serving Pakistan in various capacities including as Federal Minister for Finance, Deputy Chairman Senate and Chairman …

Efficiency, productivity, high-tech modernisation, exports, green skilling and progressive governance drive economic stability Interview with Mr. Majyd Aziz — President Employers’ Federation of Pakistan PAGE: Tell me something about yourself, please: Majyd Aziz: I am President Employers’ Federation of Pakistan, Former President of Karachi Chamber of Commerce and Industry, South Asian Forum of Employers, (UN) Global Compact Network Pakistan, and …