In order to make Pakistan International Airlines (PIA) a profitable entity and to bring back the lost glory of our national-flag carrier, the incumbent Prime Minister Nawaz Sharif just last month has decided to add new Boeing 777 carriers to the PIA fleet. With work being done to restore the country’s airline carrier, it is constantly being stressed that PIA needs to be made into a profitable unit and …
Read More »Does the world need a fresh ‘new deal?’
Modern world’s financial mercenary, the corporate sector, has a history of sweeping aside every obstacle that hindered its way to the most “pious” goal of profit maximization. Historically, the so-called free market neither encouraged free competition nor did muster tolerance for government control over business. Free market always meant giving a “free hand” to big money to crush small money. Capitalism, now frequently described as American capitalism to highlight …
Read More »Global food chains dominating Pakistan’s fast food industry
Fast food industry in Pakistan is likely to take an escalated boom this year The fast food industry in Pakistan is undergoing an escalated boom. Despite fierce economic competition, country’s this industry has managed to generate strong profits and is well-received by the local masses as well. Recent statistics have revealed that fast food industry is the second largest in Pakistan. Not only that, but this sector also accounts …
Read More »Cost diminution by DMAIC, DOE implementation in white goods sector
Abstract: Quality cost has greater impact on the productivity and profit margin of the organizations. In Pakistan economy, manufacturing sector has less revenue due to no or minimal implementation of lean manufacturing and six sigma methodology. White goods sector is gaining its market popularity due to increasing demand and business opportunity. Nowadays, organizations are facing both external and internal quality cost. External cost means warranty claims and customer dissatisfaction. …
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