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Mohammad Arifeen

The bright future of Pakistan depends upon the development of SMEs

  Pakistan is facing lot of problems, like unemployment and slow growth in agriculture sector, etc. At this critical time we have to look seriously at different sectors of the economy that have the viability to provide employment to the million of unemployed. The higher employment growth possibility lies in the modern high technology industries but it is also present in the labor-intensive industries of the traditional small enterprise sector …

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Large scale import of tea causing drain on foreign exchange

  Tea was discovered around 5,000 years back and is considered to be the oldest prepared beverage. The tea plant originated from South East China and slowly spread to Indo-Pak subcontinent, Sri Lanka and further into tropical and sub tropical countries. Tea is available in black, green, yellow and in white colors. The tea tree, under raw conditions, can reach up to 10 to 15 meters. Tea trees are grown …

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Concerted efforts needed to raise GDP in Pakistan

  Pakistan GDP growth rate rose to 3.7 percent in 2012 from the previous year. Throughout the history from 1952 to 2012, GDP growth rate averaged 5.0 Percent reaching an all time high of 10.2 Percent in June of 1954 and a record low of -1.8 percent in June of 1952. Pakistan has a developing semi-industrialized economy that depend mostly on manufacturing, agriculture and remittances. In spite of the fact …

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Alternate best vital energy source: coal

  It has been estimated that there are above 847 tonnes of proven coal reserves throughout the world. It is anticipated that at the present level of coal production the coal reserves are to last for a period of over 130 years. On the other hand the proven oil and gas reserves are to last around 42 and 60 years respectively at current production level. Coal reserves are available in …

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Mixed economic performance in 2014

  Overall fiscal year 2014 was a better year for the economy. As for the actual behavior of various macroeconomic indicators, real GDP during financial year 2014 grew by 4.1 percent compared to 3.7 percent in the previous year and the target of 4.4 percent is better close to meet. The fiscal deficit was indeed contained at 5.5 percent. Growth saw a modest revival, especially in manufacturing. Manpower, for instance, …

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Declining oil prices a positive impact on the world’s economy

  According to International Monetary Fund Managing Director Christine Lagarde the plunge in oil prices since June may hurt some crude exporters. But overall it is a good thing for the world economy. She said “there will be winners and losers, but on a net basis it’s good news for the global economy,” she said in Washington recently while commenting over the declining oil prices and of last Organization of …

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Karachi Stock Exchange categorized as the world’s best stock market

  Karachi Stock Exchange was declared by The Economist as the best market. Brazil and Philippines were beaten by the small Karachi Stock Exchange (KSE), which rose by 40 percent in local currency terms. Of stock markets hunted by The Economist, only Japan’s has performed better. Leaving terrorist explosions the exchange’s strong performance was partly due to improving conditions in Pakistan, including a reasonably free and fair election in May, …

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Adopting Chinese eco-farming best to increase agri yields, meeting food security

  China has developed itself as a major farm producer even though it accounts for 10 percent of cultivable land world-wide it accommodates 20 percent of world food demand while comparing per hectare yields of Pakistan and China, Pakistan’s per hectare rice yield is 3.1 tons whereas China is the largest producer of rice with per hectare yield of 6.5 tons, similarly Pakistan produces pulses per year with per hectare …

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Microfinance playing a vital role in wiping out poverty

  Pakistan has favorable environment for the growth and expansion of microfinance sector: EIU Over 2 million beneficiaries including non muslims are taking the productive use of Islamic microfinance worldwide Islamic banking industry has been showing a spectacular annual growth rate of over 30 percent over the past five years with sustained growth momentum despite substantial increased base. Islamic Banking has been expanded across 80 districts of the country with …

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Changing preference of buyers damaging local carpet exports

  Pakistan’s carpet industry needs likely reforms Carpet has more than 2,500 years of ancient history as Iranians were amongst the first carpet weaver of the age-old civilizations and through centuries of creativity and initiative building upon the talents of the past, this industry has achieved a special degree of excellence since. Though this industry is more technologically advanced now as new trend and design demands had made it more …

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