Some five years back, James Rickards, presented the scenario of impending global currency wars by war gaming with the assistance of Pentagon and a number of military, economics and financial experts. His book Currency Wars attracted a stunned readership from all around the world. A Forbes review said: At the end of the cold, and Middle East, wars, we have entered a perilous new world. Currency war is as …

  The rate cut will not only give boost to local investment but can also woo foreign investors Finally, the State Bank of Pakistan (SBP) made a drastic cut of 100 basis points in the interest rate to bring it to an eight-year low of 8.5 percent for the next two months, which people hailing from trade and industry have taken positively and said it would help stimulate private sector …

  It is often said that Pakistan suffers from ‘confidence deficit’ as the public at large doesn’t have confidence in the policies or statement released about state of the economy of the country. A lot of content pertaining to economic performance released by the Government of Pakistan (GoP) is not taken very seriously. However, the experts prefer to read opinions of the World Bank, International Monetary Fund (IMF) and Asian …

  By virtue of its natural treasure trove, captivating scenery, significant sites of multifold importance, variety of flora and fauna, diversity of climates and unique geology, Balochistan possess huge potentials for development of tourism. Unfortunately, no efforts were made to develop tourism industry in the province at official level, since the very outset. The decision-makers in Islamabad, tried to keep Balochistan a “dark region” denying its natural endowments. Hence, the …

  Pakistan is a country which imports oil and with a decrease in the prices of oil internationally, the import bill is likely to be affected in a positive manner. During the fiscal year 2014, out of an import bill of US$41.7 billion, 35.3% or US$14.8 billion was used for oil and related products. Thus with a decrease in the prices of crude oil, the impact is likely to be …

  Gujranwala is an important industrial base in north eastern Punjab. It has a dry port that has contributed a major part in its export growth. The major exports include rice, sugar, textiles, carpets, glass goods, medical equipment, leather products, metal utensils, agricultural equipment, and automotive machinery parts as well as producing machinery for military uses. The main source of energy is a hydro-electric project on the Chenab River. It …

  The general perception in the country is that Punjab is a better managed province, its economy is robust and provincial government headed by PML-N being in power for over two decades has been performing better. However, some cynics say it is only propaganda because except a few mega cities rest of the areas continues to suffer from contentious issues plaguing economy. There is also apperception that mega projects are …

  Punjab also known as Punj Aab, meaning Five water, the land of five rivers, Ravi, Chenab, Jhelum, Sutlej and Beyas. Punjab is part of the Indus Valley Civilization, more than 4000 years old; the main site in Punjab was the city of Harrapa. The Indus Valley Civilization spanned much of what is today Pakistan. It is a province with largest population in Pakistan. The Punjab is amongst the most …

  The Lahore University of Management Sciences (LUMS) is ranked number one top business universities in Pakistan. LUMS offers research studies in business management and information technology and also offers scientific research in humanities, philosophy, management engineering, arts, social and natural sciences. LUMS is a member of Association of Commonwealth Universities of the UK. At LUMS, executive education is given through the Suleman Dawood School of Business (SDSB) by the …

  Power shortages have hit the business community like a sharp axe. Internet presently is perhaps the lifeline of Pakistan, but even that is suffering without power and the Government of Pakistan seems to be powerless to do anything about it. Last month the Punjab-provincial ministry had made some ambitious commitments to decline the energy load shedding and removing the power shortages. The apparent power shortage in the country has …