The importance of Pak-China cooperation in infrastructure development can be best understood if one goes through the Indian opposition of Chinese support for Gwadar port. Although, India itself is helping Iran in construction of Chabahar port, located at a distance of around 70 kilometers from Gwadar. It seems that India is fully aware of the fact that Pakistan offers the shortest and cost effective route to Central Asia via …
Read More »Logistics and infrastructure capacity – the backbone of economic development
An efficient and cost-effective logistics and infrastructure system not only generates economies of scale, but also creates a favorable global image of an economy. And a favorable image means more global linkages, more international business and more foreign direct investment. On domestic side too, sound logistics and infrastructure mean enhanced mobility of goods and services, which is so important for the marketing system to operate efficiently. Logistics and infrastructure …
Read More »Obstacles faced by the logistics industry
Pakistan being primarily an import-based country and is highly reliant on logistics to move goods from one part of the country to another. There are many companies from multinationals to private limited to general contractors who are involved in the logistics industry. It is estimated that value of Pakistan’s logistics sector includes transportation and warehousing is US$530 million. Almost 91 percent of transportation is done through road. The biggest …
Read More »Formulating a realistic monetary policy
The monetary policy has been misused to a large extent. There was exploitation of the depositors’ money by the rich and powerful class in the absence of an effective central bank. The government enacted laws to give autonomy to the SBP in conducting an independent monetary policy in coordination with, rather than in subordination to fiscal policy, and to make the SBP the exclusive regulatory authority over the banking …
Read More »How interest rates can help the country achieve a positive GDP rate?
With the new year having started, the prospects of the banking sector in terms of growth are looking bright. However, the question, which must be looked into is whether or not these banks will be able to help the government during its 5-year term and help the economy in achieving growth by helping the business and industrial sectors in particular. For high rates of growth to be achieved in …
Read More »Dazzling colors of a booming economy
Qatar the Asian land of opportunities December 18 marks Qatar’s National Day. On this date, every year, the waterfront promenade Corniche witnesses in sheer joy the display of several volleys of hot colors emblazoning the sky. The dazzling night-time firework unleashes all prideful colors of Qatar’s veritable history and booming economy. A nation of 2.3 million people occupying 11,570 square kilometer of land, Qatar is one of the world’s …
Read More »Running of a new water system in Balochistan
Developing of water resources in water-starved province, Balochistan is the key to maximize crop production and this can be done through increasing surface water supplies and conserving water using the latest technologies and protecting land and infrastructure from water logging, salinity, floods and soil erosion. The Balochistan government led by Chief Minister Abdul Malik Baloch needs to focus for the solution and to overcome the scarcity of water through …
Read More »Cross border smuggling between Iran and Pakistan
Ali Awsat Hashmi, Governor-General of Sistan-Baluchistan province Iran has underscored the need to take practical steps in order to effectively stop cross-border smuggling and promote enhanced trade between Pakistan and Iran. Effective and workable measures are required to manage unofficial cross border trade through documented and official channels that will not only add to revenues but open doors for legal trade between the two brotherly countries. Speaking at a …
Read More »Consumer financing: A function of interest rate
Advanced economies thrive on a well-managed system of consumer financing, which affords the pleasure of luxurious facilities without owning them. In capitalistic system, this is a win-win situation for both the users and the suppliers of goods and services. The economy benefits as demand is created for goods and services; consumer markets seem bursting at the seam as buyers, backed by the strength of consumer credit, throng to bid …
Read More »Financial education for youth
There are lots of investment program in our country for big and small investors but no one ever have focused on creating some programs related to income generation for very small income persons or for school going kids. In our society income matters and it is a social security for one’s survival. I personally seriously felt the need of teaching our children about saving and investment ideas and its …
Read More »