In June of this year, the foreign direct investment fell drastically over the past 6 years with economists seeing a weak forecast for future investments in Pakistan due to the increased security issues the country is being facing. The investments coming into the country come in the form of Greenfield investment. According to economists, due to the recent security concerns, foreign investors feel hesitant to either freeze or continue …
Read More »Open economic system is considered as the stimulus factor behind Chinese economic growth
By 2030, China’s economy could be 30 percent larger than that of US. China’s share of global GDP on Purchasing-Power-Parity (PPP) basis rose from 3.7 percent in 1990 to 14.3 percent in 2011 and rose to 16.06 percent this year. During the past 30 years, China’s economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented that has a rapidly …
Read More »Impact of rebalancing move of China on developing economies
China has been experiencing fastest GDP growth rate (not less than 10 percent) for the last two decades, but global financial crisis emanating in 2007 has resulted in gradual reduction in growth rate, which in recent years has gone down by 2 to 3 percent causing adverse repercussions on its current account surplus also which in the past had hovered around 10 to 12 percent of GDP, but of …
Read More »Reasons behind Pakistan’s lower GDP
For the fiscal year 2014, the United Nations Economic and Social Commission for Asia and the Pacific have projected the country’s GDP to pick up to 4.1 percent. A report launched by UNESCAP stated that in the recent months, positive changes had been experienced in the economy of the country which included an improvement in the growth of large scale manufacturing industries; appreciation of the local currency; increase in …
Read More »Pakistan enjoys unique position among South Asian countries
The term South Asia commonly refers to seven countries namely: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. These countries are also part of South Asian Association for Regional Cooperation (SAARC), a bloc established in 1985. Afghanistan has been included as 8th member of SAARC in 2006 and China, Iran and Myanmar are also seeking full member status of the bloc. According to various reports SAARC member countries …
Read More »Brands had a great influence on the mind of people
Today the people are becoming highly brand conscious and as per increase in social mobility the concept of buying branded products gaining its roots to every walks of living beings as these available trade names had a great influence on the mind of people despite inflation, high tariff of utilities and host of other reasons hinder these branded products to get due share in the market. Renowned brand labels …
Read More »How to triumph over problem of poverty in Pakistan?
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 …
Read More »Economic progress of Pakistan since 1947
Pakistan has witnessed progress since independence when it comes to development of infrastructure and industries. Pakistan is recognized as a major textile exporter. Being an agrarian economy, the country is self-sufficient when it comes to food requirement, which is a plus factor. Through progress is seen with setting up of industries, infrastructure, commercial and residential properties, corruption and mis-management has made the progress slow. Political unrest and blame game …
Read More »SMEs An effective tool for poverty alleviation
The Small & Medium Enterprises (SMEs) considered as backbone of large scale industries and in fact can play an effective role in reducing poverty, which is increasing to an alarming scale in Pakistan. It is painful to see that even after 68 years of creation of Pakistan the dream of a peaceful, prosperous life with equal opportunities to every Pakistanis still seems to be a distant dream. It is …
Read More »Low GDP: myth or reality
One often hears statement like: 1) Pakistan is over populated, 2) size of its GDP is too small, 3) per capita income is minuscule, 4) a large percentage of population lives below the poverty line, 5) country has been surviving on borrowed money, 6) load shedding of electricity and gas is extensive and 7) despite being an atomic power, its survival is often threatened by whatever is happening in …
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