Deregulation and reduction of cost of business
The statement by the newly appointed finance and planning minister that his immediate priorities are deregulation and lowering the cost of doing business is both timely and pragmatic. Speaking to the media shortly after being sworn in, he underscored that restoring momentum to the country's fragile economy would require decisive...
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Import of capital machinery and export diversification are integral
It is premature to conclude that import of capital machinery has peaked up in the first half of the fiscal year 2025-26 riding on the assumption of economic and political stability during this elected government. But the 24 per cent rise in the opening of letters of credit (LCs) year...
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A sleeping giant, halal industry can fetch huge forex
The halal industry is expanding at a tremendous pace globally. Market analysis suggests that the global halal economy, which includes food, pharmaceuticals, fashion, cosmetics, finance, logistics and tourism, may reach US$9.7 trillion by 2030. Of this, the halal food industry alone may account for over $2.8 trillion due to the...
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Cost of digital divide
The world is changing at an unprecedented pace. In the era of the Fourth Industrial Revolution, technology is transforming every sector from education and healthcare to agriculture and governance. While digital innovation promises progress, it also raises a critical concern regarding whether this transformation will be inclusive or deepen existing...
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New government, Ramadan mandate
The holy month of Ramadan is a time when Muslims engage in self-purification through fasting, restraint and spiritual reflection.However, abrupt price hikes of essential commodities during this time cause serious problems for low- and middle-income families.Although imports of key Ramadan commodities have increased compared to previous years, prices of several...
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