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Pakistani youth revolutionizing the banking industry

  Pakistan has come a long way in the past decade in terms of higher education than any other era in its history. The growing population and a large, emerging block of youth made it imperative to bring educational reforms. New universities throughout the country have greatly helped in shouldering the responsibility of educating young minds and bring a relief in the highly competitive admission process. TPS has had a …

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Is balance of payment crisis easing?

  After the extension of US$1.5 billion loan by Saudi Arabia, Pakistan’s balance of payment crisis seems to have eased, at least for the time being. However, concerted efforts have to be made to boost exports to reduce heavy dependence of remittances. There is also need to create conducive environment for the inflow of direct investment. While there are expectations that after the grant of GSP Plus status to Pakistan …

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Migrant remittances hold the key to Pakistan’s economic balance and sustainability

  The economy and foreign exchange reserves of Pakistan like most developing countries across the world rely in part on migration and workers’ remittances. To put things in perspective, the $15.83 billion1 that overseas Pakistani workers (Pakistani Diaspora) sent back home in the country’s fiscal year 2014 from July 01, 2013 to June 30, 2014 contributed to the country’s GDP. An IMF research paper stated that workers’ remittances contributed 4% …

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The rhythm of the markets

  Profile Lukman Otunuga is a research analyst at FXTM. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in the various factors affecting the currency markets. Prior to joining FXTM, Lukman spent two years as a research analyst with international currency broker FXCM, where he focused on technical and fundamental analysis of the global currency, commodity and stock markets. …

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Flourishing retail business motivating world retailers to explore and expand in Pakistan

  Retail stores are known to have been operative in China several centuries BC (before Christ). Till the breakup of the USSR (now Russia), most retail stores in all the communist countries were nationalized and still in most countries they remain so. However in some Central Asian states the trend is step by step changing and owned up retail stores are being encouraged and they are mustering up. Nowadays departmental …

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PRL: A leader in the oil refining business of Pakistan

  Pakistan since its emergence, still has no strategy on strategic fuel storages. Strategic reserves are enduringly held for non commercial causes, which are utilized to offer safeguard against external blockades in times of war. The fuel reserves also provide safeguard against the internal impediments like flood and disasters. And in case of oil industry disruptions due to refineries’ outages and pipeline break downs, the strategic reserves are not used …

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Imported luxurious car sales on the rise

  Local car manufacturers opposing import of used cars The Federal Board of Revenue (FBR) had proposed that import of up to five-year-old used cars should be allowed compared to the current three-year ceiling. It also called for opening imports for commercial purposes. In 2005-2006 import of used vehicles was allowed after a long period of 12 years. This was eventually limited to import of 3-year-old used vehicles only in …

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Advanced fuel saving additive

  KM+ is a non toxic environmental friendly and biodegradable fuel additive.KM+ is designed to address today’s competitive requirements for engine performance, fuel saving, maintenance and protection of combustion engines as well as fulfilling social responsibility of keeping KM+ green for a greener earth. Three key functionalities of KM+ are : 1. Fuel Atomization – To improve fuel combustion 2. Cleansing Functionality – To clean and restore engine condition to …

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Pakistan railways back on track

  Deficit is gradually decreasing while better performance is increasing income of the organization After years of poor performance, Pakistan Railways (PR) is now moving on fast track development with much to satisfaction of its customers. Railways has finally reduced its deficit to Rs27.25 billion for fiscal year 2014-15 and earned Rs31.92 billion against the target of Rs28 billion. The cash-strapped Railways has managed to strengthen its fiscal position. “It …

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