Tag Archives: economic

  Pakistan Economic Survey 2013-14, while appreciating government initiative to increase total expenditure outlay on health by 29% over the preceding fiscal year, laments the inadequacy of overall healthcare facilities in the following words: ‘However, some specific gaps continued to persist largely on account of demographic, epidemiological and socio-economic factors, leaving large segments of population with inadequate healthcare access. Healthcare facilities at some parts of the country are found to …

  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, …

  Message of Dr. Song Jong-hwan, Ambassador of the Republic of Korea to Pakistan and Interview with Dr. Baek Yeong-hoon, translator of President Park Chung-hee’s first commercial loan delegation to West Germany in 1961. It has been 1 year and 8 months since I came to Pakistan as the Ambassador of the Republic of Korea. During this time the most frequently asked question of my Pakistani friends has been “How …

  The National Economic Council has approved National Development Program for FY2015 at Rs1,175 billion, which is larger by 1.7 percent when compared to budget predicted in FY2014. Total National Public Sector Development Program (PSDP) for FY2015 is 4 percent of GDP. The development program of FY2015 comprises of Rs525 billion as federal PSDP counting international aid of Rs102 billion and Rs650 billion for provincial ADPs counting Rs90 billion international …

  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 …

  Pakistan is a country with immense potential, but unfortunately it is faced with numerous big challenges on the economic and social front. Due to an under-developed infrastructure of roads and a weak transport network, people wishing to travel domestically, from one city to another, having many difficulties in getting access to a transportation-mode that is safe, punctual and low-cost. Recognizing this need for convenient and efficient inter-city travel, Tripda …

  Karachi is the most populous city of Pakistan and holds its place as the second largest city in the world by population. The city is home to people from various ethnic backgrounds; Sindhi to Urdu speaking and from Punjabi to Pakhtoon or Balochi. It is the financial capital and 4th largest metropolitan city of the world accounts for the lion’s share of GDP and revenue. The city maintains itself …

  The development of small and medium-size enterprises plays a pivotal role in the growth and prosperity of nation. Although, the large-scale corporations mainly industrial concerns contribute sizably to the GDP and other economic variables of prosperity but the significance of SMEs is widely recognized around the world. In any economy, SMEs make a substantial contribution towards GDP, revenue collection in the form of taxes, fostering entrepreneurship income generation, skills …

  Entrepreneurship is a key to economic development of a country. Women entrepreneurs tend to be highly motivated and self directed, they also exhibit a high internal locus of control and attainment. It is a state of mind, which develops naturally, based on her surrounding and experiences, which makes her think about life and career in a given way. The growth of the proportion of women entrepreneurs in developing states …

  Interview with Mohammad Raza Pirbhai – Chief Executive Officer, KFC Pakistan Profile Mohammad Raza Pirbhai is one of the most prominent business leaders of our country and has come a long way since the inception of his career. Raza Pirbhai, having a solid track record of 19 years of involvement in the field of Operations and Human Resource Management, has led him to successfully become the Chief Executive Officer …