Terrorism pak could be blacklisted by fatf on money laundering
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Pakistan is at risk of being blacklisted by the Financial Action Task Force (FATF) for its inability to meet the 27-point action plan to curb money laundering and terrorist financing. The FATF placed Pakistan on a gray list in 2018 and developed the action plan for Pakistan to implement in one year. If Pakistan fails to meet the requirements of the action plan, it could be blacklisted. In August 2019, Pakistan was placed on an enhanced follow up list by the Asia Pacific Joint Group for failing to meet FATF guidelines. Blacklisting Pakistan may push it to complete the action plan more quickly, though it could also negatively impact Pakistan's economy and trade.
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Why is pakistan still remaining on the grey
Pakistan remains on the FATF grey list because it has failed to fully address three remaining points on its action plan from 2018. While Pakistan has completed 26 of 27 action items, FATF said it needs to more effectively implement targeted financial sanctions against UN-designated terrorists and their associates. Pakistan also must demonstrate that terror financing investigations and prosecutions are properly targeting designated individuals and resulting in effective punishments.
Pakistan Investment Bulletin
This document provides a quarterly investment bulletin on Pakistan's economy from October to December 2019. Some key points:
- Pakistan's economic growth for FY19 was 3.34%, below the target of 6.2%, due to softer growth in agriculture and services and a decline in manufacturing.
- Foreign exchange reserves increased above $10 billion due to financial assistance from allies like UAE and Saudi Arabia as well as IMF disbursements.
- China-Pakistan Economic Corridor projects are nearing completion and focus will shift in 2020 to industrialization and job creation in the second phase.
- Moody's upgraded Pakistan's credit outlook to stable, which may boost foreign investment confidence
How Would Pakistan's Exit From The FATF Grey List Serve The Country | news | ...
The Financial Action Task Force (FATF) is a global watchdog that combats terrorist financing and money laundering. In July 1989, the G-7 Summit in Paris established the FATF as an intergovernmental organisation with the purpose of formulating countermeasures to combat money laundering. The FATF enlarged its mandate to include efforts to prevent terrorist funding in October 2001 after the 9/11 attacks. Later, it added efforts to counter the financing of the spread of weapons of mass destruction in April 2012.
Review of FBR Export Exemption Schemes
Review of FBR Export Promotion & Exemption Schemes
---
The Government of Pakistan has approved several export promotional schemes at the
federal and provincial level. Besides, FBR has tax-related export-oriented schemes which
incentivize exports. Traditionally, these schemes were limited to five zero-rated sectors,
however realization has grown that a level playing field should be created where similar
schemes should be available to potential and new export sectors. While this thinking
takes ground, the private sector in erstwhile zero-rated sectors also complains about the
difficulties in accessing the export-oriented schemes allowed by FBR most notably,
manufacturing under bond, Duty and Tax Remission of Exports Scheme, Duty Drawback,
and Export Oriented Units and Small and Medium Enterprises Rules.
The-IMF-and-Pakistan-A-Road-to-Nowhere-Meekal-Aziz-Ahmed.pdf
This document summarizes a lecture given by Meekal Aziz Ahmed on Pakistan's relationship with the IMF. Some key points:
- Pakistan has had a long history of IMF programs to address economic crises, but implementation of reforms has been lacking.
- The 2008 economic crisis compelled Pakistan to seek IMF assistance due to high inflation, deficits, and declining foreign reserves.
- IMF programs aim to stabilize Pakistan's economy but have had limited long-term impact due to weak ownership of reforms and rollbacks after programs end.
- While IMF conditionality and influence are often criticized, programs also provide flexibility and the economy responds well to adjustments, though gains are not sustained.
Quality of Foreign Investment in Developing Economies
This document provides an overview of trends in foreign capital inflows to Pakistan. It finds that foreign direct investment has declined since peaking in fiscal year 2017. Most foreign investment in recent years has come through China-Pakistan Economic Corridor projects, though there are now concerns about rising debt levels. The document also surveys local businesses to understand perceptions of foreign investment. It aims to inform policy recommendations regarding how to improve the investment climate and ensure mutual benefits for both foreign investors and domestic firms.
Covid-19 and Pakistan's Response
This document discusses Pakistan's response to and challenges from the COVID-19 pandemic. It notes that Pakistan's economy is projected to contract by 1.5% in 2020 due to lockdown measures affecting jobs and businesses. Pakistan's response has included expanding social safety nets, loans for small businesses, and stimulus for the construction sector. Key challenges include relaxing lockdowns safely, increasing healthcare capacity as cases rise, and ensuring social programs reach all in need. The document argues Pakistan must enhance domestic resource mobilization to finance COVID response and recovery given constraints on foreign aid.
Belt & Road Initiative: Perspectives from Pakistan
The Belt and Road Initiative (BRI), also known as the One Belt One Road (OBOR) (Chinese: 一带一路) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road (Chinese: 丝绸之路经济带和21世纪海上丝绸之路), is a development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Europe, Asia, Middle East, Latin America and Africa. This paper provides some perspectives from Pakistan. We also discuss the next phase of CPEC.
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Why is pakistan still remaining on the grey
Pakistan remains on the FATF grey list because it has failed to fully address three remaining points on its action plan from 2018. While Pakistan has completed 26 of 27 action items, FATF said it needs to more effectively implement targeted financial sanctions against UN-designated terrorists and their associates. Pakistan also must demonstrate that terror financing investigations and prosecutions are properly targeting designated individuals and resulting in effective punishments.
Pakistan Investment Bulletin
This document provides a quarterly investment bulletin on Pakistan's economy from October to December 2019. Some key points:
- Pakistan's economic growth for FY19 was 3.34%, below the target of 6.2%, due to softer growth in agriculture and services and a decline in manufacturing.
- Foreign exchange reserves increased above $10 billion due to financial assistance from allies like UAE and Saudi Arabia as well as IMF disbursements.
- China-Pakistan Economic Corridor projects are nearing completion and focus will shift in 2020 to industrialization and job creation in the second phase.
- Moody's upgraded Pakistan's credit outlook to stable, which may boost foreign investment confidence
How Would Pakistan's Exit From The FATF Grey List Serve The Country | news | ...
The Financial Action Task Force (FATF) is a global watchdog that combats terrorist financing and money laundering. In July 1989, the G-7 Summit in Paris established the FATF as an intergovernmental organisation with the purpose of formulating countermeasures to combat money laundering. The FATF enlarged its mandate to include efforts to prevent terrorist funding in October 2001 after the 9/11 attacks. Later, it added efforts to counter the financing of the spread of weapons of mass destruction in April 2012.
Review of FBR Export Exemption Schemes
Review of FBR Export Promotion & Exemption Schemes
---
The Government of Pakistan has approved several export promotional schemes at the
federal and provincial level. Besides, FBR has tax-related export-oriented schemes which
incentivize exports. Traditionally, these schemes were limited to five zero-rated sectors,
however realization has grown that a level playing field should be created where similar
schemes should be available to potential and new export sectors. While this thinking
takes ground, the private sector in erstwhile zero-rated sectors also complains about the
difficulties in accessing the export-oriented schemes allowed by FBR most notably,
manufacturing under bond, Duty and Tax Remission of Exports Scheme, Duty Drawback,
and Export Oriented Units and Small and Medium Enterprises Rules.
The-IMF-and-Pakistan-A-Road-to-Nowhere-Meekal-Aziz-Ahmed.pdf
This document summarizes a lecture given by Meekal Aziz Ahmed on Pakistan's relationship with the IMF. Some key points:
- Pakistan has had a long history of IMF programs to address economic crises, but implementation of reforms has been lacking.
- The 2008 economic crisis compelled Pakistan to seek IMF assistance due to high inflation, deficits, and declining foreign reserves.
- IMF programs aim to stabilize Pakistan's economy but have had limited long-term impact due to weak ownership of reforms and rollbacks after programs end.
- While IMF conditionality and influence are often criticized, programs also provide flexibility and the economy responds well to adjustments, though gains are not sustained.
Quality of Foreign Investment in Developing Economies
This document provides an overview of trends in foreign capital inflows to Pakistan. It finds that foreign direct investment has declined since peaking in fiscal year 2017. Most foreign investment in recent years has come through China-Pakistan Economic Corridor projects, though there are now concerns about rising debt levels. The document also surveys local businesses to understand perceptions of foreign investment. It aims to inform policy recommendations regarding how to improve the investment climate and ensure mutual benefits for both foreign investors and domestic firms.
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This document discusses Pakistan's response to and challenges from the COVID-19 pandemic. It notes that Pakistan's economy is projected to contract by 1.5% in 2020 due to lockdown measures affecting jobs and businesses. Pakistan's response has included expanding social safety nets, loans for small businesses, and stimulus for the construction sector. Key challenges include relaxing lockdowns safely, increasing healthcare capacity as cases rise, and ensuring social programs reach all in need. The document argues Pakistan must enhance domestic resource mobilization to finance COVID response and recovery given constraints on foreign aid.
Belt & Road Initiative: Perspectives from Pakistan
The Belt and Road Initiative (BRI), also known as the One Belt One Road (OBOR) (Chinese: 一带一路) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road (Chinese: 丝绸之路经济带和21世纪海上丝绸之路), is a development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Europe, Asia, Middle East, Latin America and Africa. This paper provides some perspectives from Pakistan. We also discuss the next phase of CPEC.
PAKISTAN GLOBALLY
Pakistan has a rapidly developing economy and high potential for future growth. It has implemented numerous business incentives and reforms to become one of the most business friendly and investment friendly countries in South Asia. Karachi specifically has been identified as the most business friendly city in Pakistan, with the lowest cost of living in the world and a GDP of $78 billion in 2008 that is projected to grow to $193 billion by 2025. Real estate development in Pakistan and Karachi has seen enormous growth, with high demand for residential units and skyrocketing prices, as many investors prefer real estate as a safe investment option.
International business1. What is the current status of Pakistan in.pdf
International business
1. What is the current status of Pakistan in the world market place? support your answer with
research. please give citiation.
2. What is the ease of doing business in Pakistan? support your answer with research. please give
citiation.
3. Are other countries wanting to invest in Pakistan? support your answer with research. please
give citiation.
4. What do you see as the future of your country in the world market place? support your answer
with research. please give citiation.
Solution
Answer 1). According to World Bank report Pakistan ranks fourth in terms of value (4.2 billion
dollars) with the same global market share as Sri Lanka, although apparel’s share of total country
exports is lower at 19 percent. Foreign direct investment (FDI) has not played an important role;
in the apparel sector, the share of foreign-owned firms is estimated to be less than 2 percent, and
only slightly higher in the textile sector. Wages and working conditions are better in the formal
industry than in the large cottage sector, but short term or temporary contracts are widely used,
particularly for women. The September 2012 factory fire in Karachi recently highlighted poor
safety standards in the country. Pakistan can benefit from the following policies: increase
product diversity by reducing barriers on imports so as to ease access to manmade fibers (such as
duty and tax remission for exports, and export processing zones); attract foreign direct
investment (FDI) by adopting policies to reduce red tape and increase transparency to close the
gap with South Asian countries whose textile and apparel industries are located primarily on the
coast; diversify markets by taking advantage of access to emerging markets; shorten lead times
by improving road infrastructure to facilitate access to ports for exporting firms; shorten lead
times by clustering strategies to provide key infrastructure and common facilities; enhance
perceptions of stability as many buyers will not travel to Pakistan, which makes sourcing
complicated.
Answer 2) Pakistan has slipped three places on the Word Bank’s Ease of Doing Business Index
and is now ranked a lowly 147th among 190 economies, denting the government’s pro-business
image ahead of next general elections.
The index is mostly used as a guide by foreign investors to learn more about a country, aiding
decisions on pouring in money in the economy.
Pakistan, however, slipped from its last year’s rating despite the introduction of some reforms in
areas of starting a business and making international trade relatively easier. If one government
department is to be blamed for the overall poor performance, it is the Ministry of Finance, as the
country’s ranking nosedived on the indicators of paying taxes and getting credit.
The World Bank released the Doing Business 2018 report on Tuesday that covers 190 economies
and measures how close each economy is to global best practices in business regulations.
In South Asia, Bhutan.
Future projections and policy recommendations
The document discusses future projections and policy recommendations for the region following the US drawdown from Afghanistan. It predicts that regional instability could spread from Afghanistan to Pakistan if political tensions grow along ethnic or religious lines. An unstable Pakistan could further destabilize Afghanistan. It recommends that the US engage in trilateral counter-terrorism cooperation with India, Pakistan, and China while also continuing to support the Afghan peace process and encouraging economic development through projects like the China-Pakistan Economic Corridor. Strengthening relationships and cooperation between regional powers could help address security challenges in a sustainable manner.
Pakistan rupee devaluation 2018
The document discusses Pakistan's currency devaluation and relationship with the IMF. It summarizes that Pakistan frequently borrows from the IMF, which requires meeting economic targets. Recent IMF meetings expressed concerns that Pakistan's currency is overvalued, and debt from China's CPEC projects could strain Pakistan's ability to repay IMF loans. The IMF is calling for currency devaluation and economic reforms, though devaluation often increases inflation and debt in Pakistan without boosting exports.
Cecca newsletter 2018 june
- China has taken steps to further open up and internationalize its financial markets to support the Belt and Road Initiative, including allowing foreign investment in more sectors by the end of 2018 and expanding the business scope of foreign banks.
- China also released new rules allowing foreign investors to take controlling stakes in securities joint ventures and will gradually expand the business scope of such firms.
- Membership in the Asian Infrastructure Investment Bank, an important multilateral development bank for the Belt and Road Initiative, has grown to 86 approved members as it aims to improve infrastructure in Asia and beyond.
Pakistan: Balance of payments
Pakistan is facing a balance of payments crisis as its current account deficit has reached over $12 billion. This is due to negative growth in exports and high growth in imports. Pakistan's total debt has also increased 11% in the last fiscal year. Weak trade diplomacy has contributed to declining exports to key trading partners like China, US, Afghanistan, and Iran. To address its balance of payments issues, Pakistan needs to improve its foreign policy to boost exports and pursue free trade agreements, in addition to domestic measures like adjusting its exchange rate, restricting non-essential imports, and increasing remittances.
IMF Report Tentang Digital Currency Bank Sentral
Laporan International Monetary Fund (IMF) Tentang Central Bank Digital Currency (CBDC). https://digitalis.id
Institutions, Regulations, Trade, and Industry
In his comprehensive analysis, Vaqar Ahmed highlights the challenges and impediments faced by Pakistan's trade and industrial policies, particularly concerning macroeconomic stability, energy shortages, rising costs, and regulatory constraints. The recent decline in the value of the Pakistani Rupee has further intensified issues for the manufacturing sector. The adverse macroeconomic conditions, including high inflation and a policy rate exceeding 20 percent, have hampered the sector's ability to secure working capital. Large firms' reluctance to operate in special economic zones due to supply-side gaps, coupled with global economic uncertainties, has delayed the next phase of the China Pakistan Economic Corridor (CPEC). Ends with some policy recommendations.
The IMF and Pakistan
1. The document discusses Pakistan's relationship and loans from the IMF over several decades, from the late 1940s to 2008. It outlines the various standby agreements and extended funding facilities Pakistan received during different governments.
2. It analyzes the conditionalities of IMF programs and Pakistan's inconsistent implementation, with fiscal targets often missed. While some reforms were made, concessions remained and tax revenues did not increase substantially.
3. The document evaluates both achievements, like increased exports, and failures of IMF programs in Pakistan, such as stagnant tax revenues. It questions whether Pakistan consistently needed IMF assistance or if governments too readily accepted stringent conditions and accumulated more debt.
Valuation Insight - Greater China Edition 2018 Q1
In this edition of valuation insights, we look at some of the regulatory changes, report releases and market trends from the first quarter of 2018.
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The document discusses the economic challenges facing Pakistan and why expectations for economic improvement in the past 15 months have not been met. It provides context for the difficult economic conditions inherited by the current government, including high poverty, debt, and fiscal deficits. It explains that tough policy changes and IMF conditionalities, while improving credibility externally, have been unpopular domestically amid unemployment and inflation. Structural reforms will take time to show results, and key economic institutions remain weak. Overall the economic recovery process has faced significant constraints and a slow pace of change was inevitable.
Weekly media update 11.04.2016
The document provides a weekly media update from various sources mentioning Balmer Lawrie and news related to public sector enterprises (PSEs) and the industries they operate in. Some key points include:
- Balmer Lawrie is investing Rs. 211 crore in a joint venture multi-modal logistics hub in Visakhapatnam.
- The CII estimates India's GDP growth for 2016-17 will be around 8% due to increased government and private sector investments in infrastructure.
- NITI Aayog will submit its first report this month detailing disinvestment plans for certain central public sector enterprises.
Unsgsa strengthening financial integrity through financial inclusion
The document discusses strengthening financial integrity through financial inclusion. It recognizes that financial inclusion, integrity, and stability are compatible and mutually reinforcing. FATF's new recommendations hold potential to bring more people into the formal financial system without compromising efforts against financial crime. However, these risk-based standards are not being widely applied, especially outside FATF jurisdictions. Continued outreach, technical assistance, and capacity building are needed to help countries apply the standards in ways suited to their contexts. National risk assessments should play an important role in balancing financial inclusion and prevention of money laundering. FATF's focus on emerging issues and coordination across sectors can further these goals.
Pakistan's Agenda for Economic Reforms - Book Review by Daily Times
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1) The book "Pakistan's Agenda: Economic Reforms" provides a comprehensive analysis of Pakistan's economy and policy reforms needed for improvement.
2) It highlights critical issues like low tax collection and weak accountability institutions that have hindered Pakistan's economic growth.
3) The author outlines a range of reforms in areas like fiscal policy, trade, institutions, and governance that could stabilize the economy and put it on a path towards sustainable progress if implemented earnestly.Strengthening Afghanistan Pakistan economic engagement
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This document summarizes the next phase of developments expected under the China-Pakistan Economic Corridor (CPEC) initiative. It discusses how early harvest projects in the energy and infrastructure sectors are starting to benefit Pakistan's economy. The next phase is expected to focus on developing nine Special Economic Zones. It also analyzes the impact on bilateral trade between China and Pakistan, noting growing Chinese exports and efforts to increase Pakistani exports. Addressing Pakistan's trade deficit with China and fostering conditions for local businesses to export to Chinese markets will be important for maximizing the economic benefits of CPEC.
Africa Market Update - July 2016
This document provides a market update on several African countries including Nigeria, Kenya, Tanzania, and Zambia from January 2016 to June 2016. It summarizes deals activity, capital investment trends by country and sector, economic and political developments, and debt and equity market performance for each country. The update indicates growing investment in commercial services, retail, and healthcare sectors across the region and notes some positive policy moves and signs of economic challenges in various countries.
SAARC
This document provides an overview of the South Asian Association for Regional Cooperation (SAARC). It discusses that SAARC was established in 1985 with 7 founding members and aims to promote economic and regional integration. Key areas of cooperation include agriculture, rural development, health and more. It outlines the principles of SAARC including sovereignty and non-interference. Challenges to SAARC include political tensions between members like India and Pakistan as well as a lack of infrastructure connectivity.
Study on Digital Trade Integration
The report identifies constraints and bottlenecks that Pakistan faces in achieving successful and sustainable regional digital trade integration. It recommends expediting the implementation of Pakistan's information security, personal data protection, and cloud computing policy frameworks. It also suggests that the Strategic Trade Policy Framework incentivize digital transformation by public and private enterprises. Improving connectivity infrastructure, digital literacy, and financial inclusion can further support digital trade integration.
Dr Dev Kambhampati | Doing Business in Pakistan - 2014 Country Commercial Gui...
This document provides an overview of doing business in Pakistan for U.S. companies. It discusses Pakistan's political and economic environment, opportunities for U.S. exports and investment, and considerations for market entry strategies. Key points include Pakistan's growing population and middle class offering opportunities in consumer goods, energy, and infrastructure, though challenges include security issues and uneven economic growth. The document provides guidance on regulations, partnering with local representatives, and U.S. government assistance resources for companies exploring the Pakistan market.
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Similar to Terrorism pak could be blacklisted by fatf on money laundering
PAKISTAN GLOBALLY
Pakistan has a rapidly developing economy and high potential for future growth. It has implemented numerous business incentives and reforms to become one of the most business friendly and investment friendly countries in South Asia. Karachi specifically has been identified as the most business friendly city in Pakistan, with the lowest cost of living in the world and a GDP of $78 billion in 2008 that is projected to grow to $193 billion by 2025. Real estate development in Pakistan and Karachi has seen enormous growth, with high demand for residential units and skyrocketing prices, as many investors prefer real estate as a safe investment option.
International business1. What is the current status of Pakistan in.pdf
International business
1. What is the current status of Pakistan in the world market place? support your answer with
research. please give citiation.
2. What is the ease of doing business in Pakistan? support your answer with research. please give
citiation.
3. Are other countries wanting to invest in Pakistan? support your answer with research. please
give citiation.
4. What do you see as the future of your country in the world market place? support your answer
with research. please give citiation.
Solution
Answer 1). According to World Bank report Pakistan ranks fourth in terms of value (4.2 billion
dollars) with the same global market share as Sri Lanka, although apparel’s share of total country
exports is lower at 19 percent. Foreign direct investment (FDI) has not played an important role;
in the apparel sector, the share of foreign-owned firms is estimated to be less than 2 percent, and
only slightly higher in the textile sector. Wages and working conditions are better in the formal
industry than in the large cottage sector, but short term or temporary contracts are widely used,
particularly for women. The September 2012 factory fire in Karachi recently highlighted poor
safety standards in the country. Pakistan can benefit from the following policies: increase
product diversity by reducing barriers on imports so as to ease access to manmade fibers (such as
duty and tax remission for exports, and export processing zones); attract foreign direct
investment (FDI) by adopting policies to reduce red tape and increase transparency to close the
gap with South Asian countries whose textile and apparel industries are located primarily on the
coast; diversify markets by taking advantage of access to emerging markets; shorten lead times
by improving road infrastructure to facilitate access to ports for exporting firms; shorten lead
times by clustering strategies to provide key infrastructure and common facilities; enhance
perceptions of stability as many buyers will not travel to Pakistan, which makes sourcing
complicated.
Answer 2) Pakistan has slipped three places on the Word Bank’s Ease of Doing Business Index
and is now ranked a lowly 147th among 190 economies, denting the government’s pro-business
image ahead of next general elections.
The index is mostly used as a guide by foreign investors to learn more about a country, aiding
decisions on pouring in money in the economy.
Pakistan, however, slipped from its last year’s rating despite the introduction of some reforms in
areas of starting a business and making international trade relatively easier. If one government
department is to be blamed for the overall poor performance, it is the Ministry of Finance, as the
country’s ranking nosedived on the indicators of paying taxes and getting credit.
The World Bank released the Doing Business 2018 report on Tuesday that covers 190 economies
and measures how close each economy is to global best practices in business regulations.
In South Asia, Bhutan.
Future projections and policy recommendations
The document discusses future projections and policy recommendations for the region following the US drawdown from Afghanistan. It predicts that regional instability could spread from Afghanistan to Pakistan if political tensions grow along ethnic or religious lines. An unstable Pakistan could further destabilize Afghanistan. It recommends that the US engage in trilateral counter-terrorism cooperation with India, Pakistan, and China while also continuing to support the Afghan peace process and encouraging economic development through projects like the China-Pakistan Economic Corridor. Strengthening relationships and cooperation between regional powers could help address security challenges in a sustainable manner.
Pakistan rupee devaluation 2018
The document discusses Pakistan's currency devaluation and relationship with the IMF. It summarizes that Pakistan frequently borrows from the IMF, which requires meeting economic targets. Recent IMF meetings expressed concerns that Pakistan's currency is overvalued, and debt from China's CPEC projects could strain Pakistan's ability to repay IMF loans. The IMF is calling for currency devaluation and economic reforms, though devaluation often increases inflation and debt in Pakistan without boosting exports.
Cecca newsletter 2018 june
- China has taken steps to further open up and internationalize its financial markets to support the Belt and Road Initiative, including allowing foreign investment in more sectors by the end of 2018 and expanding the business scope of foreign banks.
- China also released new rules allowing foreign investors to take controlling stakes in securities joint ventures and will gradually expand the business scope of such firms.
- Membership in the Asian Infrastructure Investment Bank, an important multilateral development bank for the Belt and Road Initiative, has grown to 86 approved members as it aims to improve infrastructure in Asia and beyond.
Pakistan: Balance of payments
Pakistan is facing a balance of payments crisis as its current account deficit has reached over $12 billion. This is due to negative growth in exports and high growth in imports. Pakistan's total debt has also increased 11% in the last fiscal year. Weak trade diplomacy has contributed to declining exports to key trading partners like China, US, Afghanistan, and Iran. To address its balance of payments issues, Pakistan needs to improve its foreign policy to boost exports and pursue free trade agreements, in addition to domestic measures like adjusting its exchange rate, restricting non-essential imports, and increasing remittances.
IMF Report Tentang Digital Currency Bank Sentral
Laporan International Monetary Fund (IMF) Tentang Central Bank Digital Currency (CBDC). https://digitalis.id
Institutions, Regulations, Trade, and Industry
In his comprehensive analysis, Vaqar Ahmed highlights the challenges and impediments faced by Pakistan's trade and industrial policies, particularly concerning macroeconomic stability, energy shortages, rising costs, and regulatory constraints. The recent decline in the value of the Pakistani Rupee has further intensified issues for the manufacturing sector. The adverse macroeconomic conditions, including high inflation and a policy rate exceeding 20 percent, have hampered the sector's ability to secure working capital. Large firms' reluctance to operate in special economic zones due to supply-side gaps, coupled with global economic uncertainties, has delayed the next phase of the China Pakistan Economic Corridor (CPEC). Ends with some policy recommendations.
The IMF and Pakistan
1. The document discusses Pakistan's relationship and loans from the IMF over several decades, from the late 1940s to 2008. It outlines the various standby agreements and extended funding facilities Pakistan received during different governments.
2. It analyzes the conditionalities of IMF programs and Pakistan's inconsistent implementation, with fiscal targets often missed. While some reforms were made, concessions remained and tax revenues did not increase substantially.
3. The document evaluates both achievements, like increased exports, and failures of IMF programs in Pakistan, such as stagnant tax revenues. It questions whether Pakistan consistently needed IMF assistance or if governments too readily accepted stringent conditions and accumulated more debt.
Valuation Insight - Greater China Edition 2018 Q1
In this edition of valuation insights, we look at some of the regulatory changes, report releases and market trends from the first quarter of 2018.
economic_challenges_facing_pakistan.pdf
The document discusses the economic challenges facing Pakistan and why expectations for economic improvement in the past 15 months have not been met. It provides context for the difficult economic conditions inherited by the current government, including high poverty, debt, and fiscal deficits. It explains that tough policy changes and IMF conditionalities, while improving credibility externally, have been unpopular domestically amid unemployment and inflation. Structural reforms will take time to show results, and key economic institutions remain weak. Overall the economic recovery process has faced significant constraints and a slow pace of change was inevitable.
Weekly media update 11.04.2016
The document provides a weekly media update from various sources mentioning Balmer Lawrie and news related to public sector enterprises (PSEs) and the industries they operate in. Some key points include:
- Balmer Lawrie is investing Rs. 211 crore in a joint venture multi-modal logistics hub in Visakhapatnam.
- The CII estimates India's GDP growth for 2016-17 will be around 8% due to increased government and private sector investments in infrastructure.
- NITI Aayog will submit its first report this month detailing disinvestment plans for certain central public sector enterprises.
Unsgsa strengthening financial integrity through financial inclusion
The document discusses strengthening financial integrity through financial inclusion. It recognizes that financial inclusion, integrity, and stability are compatible and mutually reinforcing. FATF's new recommendations hold potential to bring more people into the formal financial system without compromising efforts against financial crime. However, these risk-based standards are not being widely applied, especially outside FATF jurisdictions. Continued outreach, technical assistance, and capacity building are needed to help countries apply the standards in ways suited to their contexts. National risk assessments should play an important role in balancing financial inclusion and prevention of money laundering. FATF's focus on emerging issues and coordination across sectors can further these goals.
Pakistan's Agenda for Economic Reforms - Book Review by Daily Times
Pakistan's Agenda for Economic Reforms - Book Review by Daily TimesSustainable Development Policy Institute
1) The book "Pakistan's Agenda: Economic Reforms" provides a comprehensive analysis of Pakistan's economy and policy reforms needed for improvement.
2) It highlights critical issues like low tax collection and weak accountability institutions that have hindered Pakistan's economic growth.
3) The author outlines a range of reforms in areas like fiscal policy, trade, institutions, and governance that could stabilize the economy and put it on a path towards sustainable progress if implemented earnestly.Strengthening Afghanistan Pakistan economic engagement
Strengthening Afghanistan Pakistan economic engagement, academic exchanges and social linkages
Dr. Vaqar Ahmed, SDPI
Next wave of China Pakistan Cooperation
This document summarizes the next phase of developments expected under the China-Pakistan Economic Corridor (CPEC) initiative. It discusses how early harvest projects in the energy and infrastructure sectors are starting to benefit Pakistan's economy. The next phase is expected to focus on developing nine Special Economic Zones. It also analyzes the impact on bilateral trade between China and Pakistan, noting growing Chinese exports and efforts to increase Pakistani exports. Addressing Pakistan's trade deficit with China and fostering conditions for local businesses to export to Chinese markets will be important for maximizing the economic benefits of CPEC.
Africa Market Update - July 2016
This document provides a market update on several African countries including Nigeria, Kenya, Tanzania, and Zambia from January 2016 to June 2016. It summarizes deals activity, capital investment trends by country and sector, economic and political developments, and debt and equity market performance for each country. The update indicates growing investment in commercial services, retail, and healthcare sectors across the region and notes some positive policy moves and signs of economic challenges in various countries.
SAARC
This document provides an overview of the South Asian Association for Regional Cooperation (SAARC). It discusses that SAARC was established in 1985 with 7 founding members and aims to promote economic and regional integration. Key areas of cooperation include agriculture, rural development, health and more. It outlines the principles of SAARC including sovereignty and non-interference. Challenges to SAARC include political tensions between members like India and Pakistan as well as a lack of infrastructure connectivity.
Study on Digital Trade Integration
The report identifies constraints and bottlenecks that Pakistan faces in achieving successful and sustainable regional digital trade integration. It recommends expediting the implementation of Pakistan's information security, personal data protection, and cloud computing policy frameworks. It also suggests that the Strategic Trade Policy Framework incentivize digital transformation by public and private enterprises. Improving connectivity infrastructure, digital literacy, and financial inclusion can further support digital trade integration.
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This document provides an overview of doing business in Pakistan for U.S. companies. It discusses Pakistan's political and economic environment, opportunities for U.S. exports and investment, and considerations for market entry strategies. Key points include Pakistan's growing population and middle class offering opportunities in consumer goods, energy, and infrastructure, though challenges include security issues and uneven economic growth. The document provides guidance on regulations, partnering with local representatives, and U.S. government assistance resources for companies exploring the Pakistan market.
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Terrorism pak could be blacklisted by fatf on money laundering
- 1. BUSINESS STANDARD TERRORISM: why Pak could be blacklisted by FATF on money laundering As indicated by FATF, if Pakistan neglects to meet the execution of the 27- point plan, the nation could be boycotted
- 2. INTERNATIONAL NEWS: The FATF put Pakistan on Gray List in June 2018 and thought of a 27-point Action Plan for graduating it inside the one-year time frame. It incorporates shields against illegal tax avoidance and dread financing by restricted outfits and non-government elements through banking and non- banking purviews, capital markets, corporate and non-corporate divisions like contracted bookkeeping, monetary warning administrations, cost and the board bookkeeping firm, adornments and comparative related administrations. As indicated by FATF, if Pakistan neglects to meet the execution of the 27-point plan, the nation could be boycotted. In August 2019, Asia Pacific Joint Group (APJG) put Pakistan in the Enhanced Follow up a rundown for the inability to fulfill its guidelines. A few media reports radiating from Pakistan demonstrate the certainty of a high request at dodging the Black List at FATF Plenary. Pakistani sources, cited generously, in many news reports, guarantee that it has done very well in its audit at the Asia Pacific Joint Group, which met at Bangkok a month ago. Conciliatory sources, other than those in India and Pakistan, are swirling on how to manage Pakistan at the FATF. Pakistan has connected with all part countries expressing that it was advancing in finishing its Action Plan and putting it on the Black List would push it into a monetary entanglement, hindering its exchanges and exchange, which would affect its capacity to reimburse IMF credits. A few representatives, particularly the USA and from Europe are of the view that Blacklisting, if unaccompanied by countermeasures, would not, essentially sway the Pakistani economy, while it would most likely push the nation to finish the Action Plan should quicker. READ FULL INFORMATION: TERRORISM