Tag Archives: Pakistan

  Pakistan has witnessed progress since independence when it comes to development of infrastructure and industries. Pakistan is recognized as a major textile exporter. Being an agrarian economy, the country is self-sufficient when it comes to food requirement, which is a plus factor. Through progress is seen with setting up of industries, infrastructure, commercial and residential properties, corruption and mis-management has made the progress slow. Political unrest and blame game …

  Every third Pakistani is living below the poverty line Poverty alleviation was one of the key objectives of the economic agenda of the PML (N) government and microfinance is the most effective instruments of poverty reduction. As per World Bank estimates, around 25 million people live in extreme poverty in Pakistan and the adverse impacts of global financial, food, and fuel crises posed multiple challenges to Pakistan’s rapidly evolving …

  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 …

  Presently, the cost of operating a business in Pakistan is considerably high because of incompetent and unfriendly socio-economic environment. Consequently, Pakistani businesses are at a comparative demerit in regards of operating costs against their competitors in the region. In spite of continuous representations to the government strategy adepts and top executives, no worthwhile attempt has been made towards declining the high cost of doing business in the country. The …

  Govt achieves another landmark of signing $1.6bn deal with China The present PML-N government achieved another landmark, as a historic agreement was signed for first-ever Metro Train Project in Pakistan. Punjab Chief Minister Muhammad Shahbaz Sharif signed the agreement on behalf of the Pakistan government, while Chairman National Development and Reform Commission China, Xu-Shaoshi signed the document on behalf of China for Metro Train Project. Under the agreement, Orange …

  Pakistan Steel Mills (PSM) is the largest corporate entity owned by the government with production capacity of 5 million tons. Privatization of PSM was initiated under the reign of former prime minister Shaukat Aziz, which was met with controversy. The Supreme Court held the privatization effort as defined process and procedures were not followed. Sale of the country’s largest industrial unit went down the drain whereas the matter was …

  Bilateral relations between Pakistan and Saudi Arabia have reached it zenith during the last few months. There were high-profile visits from both sides and the two countries have developed relations on a number of fields. During the recent visit, the government of two sides agreed to take advantage of the opportunities available in the two countries for expanding and improving investment, trade, energy, infrastructure development, agriculture, human resource and …

  Trade figures of last ten years reveal that Saudi Arabia is one of the largest trade partners of Pakistan. Besides bilateral trade between the two countries, Pakistan is the major recipient of workers remittances estimated over $4.1 billion in 2013 while the trend of home remittances indicate further increase in remittances from Saudi Arabia. It is important to note that the new democratic government in Pakistan has much better understanding with Saudi government, which is …

  Saudi Arabia and Pakistan, both being Muslim countries enjoy a cordial relation. Saudi Arabia has high regard for Pakistan for being the first Muslim country to hold nuclear power. Those seeking jobs in Saudi Arabia are given visa without any major hiccups. Prime Minister Nawaz Sharif after his exile from Pakistan lived in Saudi Arabia during which time he developed close ties with the Royal family. Saudi Arabia in …

  Historically Saudi Arabia has been extending extensive aid, grant assistance to Pakistan, but economic cooperation between the two countries has remained far from satisfactory. Some of the critics applaud this brotherly attitude, but say that Saudi stance has been contrary to an old saying ‘don’t give me fish, but teach me how to catch a fish’. However, others say that since the cooperation has been between the two states …