Trade & Economy

  As the present government is much focused on privatization, Privatization Commission headed by Zubair Umar has short-listed 31 institutions to be privatized. According to chairman PC, the privatization process is absolutely on and financial advisers are performing their job, whether it is the Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), National Power Construction Company (NPCC) or power distribution companies like Iesco and Fesco. Last year, the government completed …

  Capitalism thrives on perpetual increase in consumption. It doesn’t much encourage savings on the one hand and advocates debt-based investment on the other. Leveraged investment generates comparatively rapid but high-cost and unsustainable growth. Investment funded by savings results in low-cost, sustainable growth. This is what the Austrian economists say while commenting on the destruction wrought by the Chicago economists during the last three decades. While global conscience, in the …

  Pakistan’s retail sector is growing with great momentum. The retail industries have become a major hub for growing businesses. Though retailers have existed in Pakistan for a long time, the induction of global brands and outlets have forced local retailers to expand their boundaries to compete with their larger international competitors. The entrance of supermarkets and malls during the last eight years created a new community of enthusiastic shoppers …

  With the positivity instilled with the current government, most segments of the economy are showing positive signs of growth. When talking to businessmen on market potential, most say that the sector which is the best choice for investments is the retail sector. Pakistan has population of 180 million people, and frankly, the only entertainment is food and shopping. The demand of both food and shopping is counter to the …

  Presently, the Government of Pakistan has proclaimed an ambitious yearly plan for alleviating poverty and producing more career opportunities, involving levels that may have a far touching impact on the lives of citizens. REGIONAL& GLOBAL POVERTY DESCRIPTION NUMBER OF POOR (MILLIONS) POVERTY RATE (% POPULATION) 2005 2010 2015 2005 2010 2015 East Asia 304.5 140.4 53.4 16.8 7.4 2.7 Europe and Central Asia 16.0 8.4 4.3 3.4 1.8 0.9 …

  It is mandatory, to survive under capitalistic system, to record economic growth every year. This growth is predominantly expressed by a single macro indicator – GDP. The prevailing prices of the factors of production and market prices of goods and services consumed during the year form the basis of GDP calculation. Controlled increase in prices on a sustained basis is the key to the survival off the system. Situations …

  Punjab government set to launch different schemes to provide conditional / unconditional cash subsidy to destitute and poor people While fasting is the hallmark of the holy month of Ramazan, the month long Muslim observance that begins with first Ramazan is also grounded in a heightened awareness of charity. Ramazan is a month of blessings and people become more spiritually aware in this holy month and are more likely …

  Chhipa Welfare Association is purely a non-profit, non-government organization registered with Government of Pakistan and Government of Sindh, which under the guidance of Dr Muhammad Ramzan Chhipa (Sitara-e Imtiaz), is having a mission and motto called “loved human, respect humanity”. It is providing comfort and mental solace to the poor, worried and wretched persons through all possible means. The Association used to provide help and succor to the suffering …

  Abdul Sattar Edhi established his first welfare centre and then the Edhi Trust with a mere Rs5,000. What started as a one-man show operating from a single room in Karachi is now a reputable Edhi Foundation, the largest welfare organization in Pakistan. Edhi is like Mother Teresa who devoted her life to the poor of Kolkata while he (Abdul Sattar Edhi) leads the way of helping the Karachiites and …

  Muslims give more money to charity than people of other religions. More than three in 10 Muslims, Catholics and Jews donated money during 2012, ICM Research found. Followers of Islam gave an average of $567 compared to Jewish givers who donated around $412; according to the survey of just over 4,000 people in the UK Christians gave considerably less. Protestants donated an average of $308, while Roman Catholics gave …