Looking at global GDP at constant prices of 2017 adjusted for cost of living/purchasing power, China was the biggest economy in the world in 2019 with an adjusted GDP of more than USD 22.5 trillion according to World Bank. While the Chinese economy is projected by IMF to grow by a low of 1.2% in 2020 due to pandemic, the US in second rank is expected to see its USD …
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It is not only the challenge of Cvoid-19 pandemic looming on the horizon of country’s economy, but also it is growing size of black economy, outcome of corrupt practices flourishing with dimensions like manipulation of funds allocated for development expenditures, hoarding of essential items of consumption, money laundering, clandestine terror financing, smuggling, under and over invoicing, speculative trading in stock exchange securities and properties and tax evasion etc. Resultantly apart …
Read More »Pakistan is one of the countries, where there is corruption, poor control of public funds, lack of accountability, abuses of human rights and excessive military influence and consequently public development inevitably suffers. The biggest problem is bad governance, which is creating all sorts of issues the masses are facing today. Issues of energy, education, health and law and order can be solved easily if Pakistan has good governance in …
Read More »On-Line Banking, atms & telecash rule the financial world Although Pakistan offers tremendous opportunities for investment in the financial sector as the country still has a huge un-banked areas particularly the rural population, yet the telecom sector has come out to fill the gap by expanding the outreach even remotest parts of the country. Successful use of information technology in the financial sector is an example, which needs to …
Read More »The word governance is often tied to corporations and business. Little have we heard about “Global Governance” or “World Governance” which is a new term coined with increase in globalization. Global governance means political interactions between countries aimed for problem solving and act more social. It means that no one country has the responsibility and power over the other for compliance. Global governance becomes even more important with the …
Read More »Ben Packard, the vice president of Starbucks Coffee Company, once said: ‘on the journey to make our iconic coffee cups 100% recyclable, we quickly learned that developing recyclable material is just one part of the complex equation. We had to consider the entire lifespan of the cup, including what happens after it leaves our customers’ hands. This required bringing together the entire system of stakeholders with expertise, the influence …
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