Considering dollar 2 a day be the minimum daily wage, then a majority of the population of Pakistan is unfortunately living below the poverty line as these daily earning amount is not enough to meet the expenses of a family and not even fulfilling the need of a individual of this country. The poverty line is the distinction which separates those in the country who are poor from those …

  With the monetary policy having been announced by the State Bank of Pakistan, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed their concern. The president of the FPCCI, Mr. Shaukat Ahmed was of the opinion that keeping the policy rate unchanged was not seen as a measure taken to implement policy rather it is an act of escapism; a means by which the necessary measures …

  Islamic finance during the past many decades has begun to progress in a great deal on the global front. Besides having the traditional Islamic finance markets in the Middle East, Western countries have also begun to see financial centers opening up. There is now more acceptance and recognition of this alternate financial system. The range and the scope of Islamic finance products over the years have also widened which …

  In order to make Pakistan International Airlines (PIA) a profitable entity and to bring back the lost glory of our national-flag carrier, the incumbent Prime Minister Nawaz Sharif just last month has decided to add new Boeing 777 carriers to the PIA fleet. With work being done to restore the country’s airline carrier, it is constantly being stressed that PIA needs to be made into a profitable unit and …

  The agriculture sector plays dual but vital role for the economic development of Pakistan it contributes to the exports of the country by being a primary supplier of raw materials to the downstream industry and on the other hand, it is a large market for industrial products such as pesticides, fertilizers and agricultural machinery. The sector accounts for over 21 percent of the GDP of the country thereby being …

  For a long time and in many societies, education for all has been a debate for the progress and the development of society. Education is what helps an individual to be more aware of what is happening around the world; it is about the attainment of knowledge and being able to understand the difference between right and wrong. In a society like Pakistan’s which is still developing and progressing, …

  The telecommunication industry in Pakistan has witnessed a striking growth over the past 10 years. In early days, owning a mobile phone and a SIM was more of a status symbol rather than a necessity. Due to a number of mobile companies entering into the country since 2004, owning a mobile phone turned into more of a need by virtue of social or economic standing. It was after 2005 …

  The Lahore resolution which is more commonly known as the Pakistan resolution was a political statement, which the Muslim League adopted back in 1940. The three-day session took place between March 22-24 was held to call for Muslim autonomy within British India. The resolution was presented by A. K. Fazlul Huq and was interpreted to be a demand by the Muslim League for a separate nation for the Muslims …

  Over the past 30 years, one of the major players in the world is considered to be Asia in term of high growth rate. China and India are developing at a rapid pace, more rapidly than what anyone had expected. Due to this, the demand of electricity is likely to increase each year by 8% till 2015. With such increases in demand along with the increase in prices, electricity …

  One of the most inexpensive energy resources in the country, having the potential to not only make the energy sector self-sufficient but to turn Pakistan into a power exporting country is coal . Around 41 percent of electricity generation is accounted through coal all over the world. Recently, China has agreed to set up four coal fired power stations in Balochistan at the Gadani Power Corridor. This announcement was …