Tag Archives: Economy

  If one looks at the composition of annual budget, one point is very clear that revenue collection is barely enough to meet the current expenditure. Often, amounts are borrowed to meet the shortfall and almost the entire developmental expenditures are financed through aid, grants and softer loans acquired from multilateral financial institutions. The budget for next financial year is not likely to be very different from the previous budgets. …

  The banking sector through CY13 faced tough challenges with external factors including law and order situation, political uncertainty, strikes causing closure of bank branches in distressed areas to name a few. The State Bank of Pakistan (SBP) require banks to have minimum capital of Rs10 billion by December 2014, which will be a challenge for banks below the required threshold forcing another round of mergers and acquisitions review. The …

  With the positivity instilled with the current government, most segments of the economy are showing positive signs of growth. When talking to businessmen on market potential, most say that the sector which is the best choice for investments is the retail sector. Pakistan has population of 180 million people, and frankly, the only entertainment is food and shopping. The demand of both food and shopping is counter to the …

  The company is firm in improving the it skills of Pakistani students and teachers Intel continues to play a critical role in establishing a solid educational foundation within Pakistan by preparing students with the skills required to succeed in today’s knowledge based economy. The Intel Education Initiative in Pakistan is playing a key role in strengthening education through ICT in the remote areas of Pakistan by helping schools and …

  Interview: Dr. Syed Arif Hussain, chief executive officer Takaful Pakistan Ltd Dr. Syed Arif Hussain MBBS, MBA (Marketing) who is the Chief Executive Officer of Takaful Pakistan Ltd believes that the education and the insurance are the key players behind all the developed economies, which indicates how much it is important for building the national economy in Pakistan. Talking to PAGE Dr Syed Arif said that Takaful Pakistan has …

  For Pakistan, the agricultural sector has always held great significance. The country has always had a great deal of potential in terms of the agricultural sector and at the time of independence as well, it was considered to be a country whose economy centered on this particular sector. As industrialization occurred in Pakistan and the birth of industries began, the economy of the country began to diversify. Despite this …

  Pakistan economy has suffered on various accounts such as war on terror, law and order and even US sanctions on Iran which is a major impediment between bilateral trade between two natural allies in the region. As a result of US sanctions, the business communities of the two countries are forced to indulge in illegal cross border trade, which is estimated to the tune exceeding to $4 billion, while …

  During early 1990s in Pakistan, power and transport industry were the key consumers of petroleum/oil having share of 25 percent and 50 percent, respectively in its total consumption. The crude oil prices have shown a record rise in the last few years rendering the oil importing and developing countries to face the serious fall out and economic setbacks. Experts have revealed that the consumption of petroleum/oil has explained an …

  Government must establish more textile cities Textile sector is the backbone of Pakistan export economy. Comprises of 391 textile mills, Pakistan is the world’s fourth largest producer of cotton and third largest consumer. It contributes 8.5 percent of GDP and employs 38 percent of the workforce in the manufacturing sector. But Pakistan textile industry is mainly beset with the major problems like energy crisis, lack of value addition and …

  Almost 40 percent of the world oil supply and price is controlled by the largest cartel in the world i.e. OPEC. Being an export commodity, GDP of exporting nations is defined through the price of oil, subsequently budgets and expeditions are finalized. It is in vested interest of OPEC nations to keep oil prices high. There have been numerous instances where OPEC has commented on price trends and claimed …