Trade & Economy

  The Chicago-School Economists’ guru Milton Friedman and his disciples started to storm the White House in Reagan era. They brought with them the recipe to counter stagflation – a situation when the US economy remained stagnant in spite of rising prices. The recipe for the government was: increase money stock, cut interest rate, and make credit as easy and abundant as possible. For American people the message was: go …

  Interview with Mr Paul Midy — Global Ceo jovago.Com Profile: Paul Midy is the Global CEO of Jovago, which is an international venture by Rocket Internet specializing in online hotel booking. He completed his undergraduate studies from Ecole Polytechnique, France after which he went to Columbia University in New York to pursue his graduation. After completing his education, he worked for seven years at McKinsey & Company where he …

  Pakistan is rich in natural resources. Only the educated, skilled and healthy people can make the best use of the enormous natural resources of the country. The better human capital equipped with education in science and technology can be instrumental in increased productively with modern technology in all economic sectors. This will enhance industrial productivity and increase exportable output of the country. Education is the main tool to develop …

  The latest federal budget for the fiscal year 2015-2016 has been recently revealed out of which the outlay is 91 per cent higher than what was revised earlier in the fiscal year. The Finance Minister, Mr. Ishaq Dar presenting the budget 2015-16 to the National Assembly claimed that the budget does include measures with respect to employment, improving the exports of the country as well as focusing on helping …

  The government has announced the budget for the year 2015-16 which is being met with mixed reviews. Some believe that the budget will increase inflation there by squeezing the middle class while others have their own opinion on each of the economic sectors. In addition, this year’s tax has brought in some of new sectors under the tax net. Summary of the budget for 2014-15 and key features with …

  Monetary policy review reduces policy rate by 100bps A dramatic cut of 100bps in policy rate for the banking industry bringing the interest discount rate from 8 percent to 7 percent indicates the firm resolve of the government to give a jump start to the economy and also an effort to become the first in financial history by reducing the rate to a historic low in Pakistan. The trade …

  With a population of 180 million, a geo-strategic location, the required human resources and natural endowments, Pakistan has all the potential to grow as a developed industrial national. Unfortunately, it is still a developing nation even after lapse of more than six decades since it appeared on the world map as a sovereign and independent nation. Having rich in natural resources, the country has been going through major challenges …

  With both its merits and demerits, media is a double edged sword. It has become an industry of entertainment, information, projection and propaganda. It influences and builds opinion on certain issues of local, national and international importance. It can play a vital role in projection of a nation’s image across the globe. It can export and import both virtues and vices for a country. Rapid development and advancement of …

  It’s worth trying to determine Pakistan’s development stage in terms of Rostow’s five stages of economic growth that is: traditional society, preconditions or preparatory stage, take-off stage, drive to maturity, and mass consumption. The trouble is with Rostow’s failure to take into account government policies and economic reversals resulting from mismanagement and administrative corruptions. For example, the preparatory stage decrees development of certain economic and social infrastructure like ports, …

  The People’s Republic of China has reaffirmed its commitment for the multi-billion dollar project of China-Pakistan Economic Corridor (CPEC), in a letter from the Chinese President to the Pakistan premier, which further reinforce the friendship between the “iron brothers”. On the other hand, Prime Minister of Pakistan ordered Cabinet minister to remove all the “irritants” as described by Minister for Planning and Development and take them into confidence, in …