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Arooj Asghar

Economy of Pakistan since 1947

  Pakistan’s achievements in income, consumption, agriculture and industrial production are extremely impressive and have lifted millions of people out of poverty levels. However, the achievements do pale when looked against the missed opportunities. Pakistan faced numerous economic issues in 1947 because India refused to give Pakistan its share of sterling reserves. The situation was so bad that Pakistani government couldn’t pay salaries to its employees. Pakistan was way behind …

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Trend of shopping malls in Pakistan

  Pakistan economic growth might be slow but Pakistan’s retail market is one of the fastest growing economies in the world. Pakistan presents a huge opportunity to the world, to use as a hub provided it provides a few basic facilities. Pakistan’s retail market has experienced enormous growth in last decade. The most significant period of growth for the sector was between year 2004 to 2008, when the sector revenues …

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Potential of agriculture sector

  Agriculture is the backbone of Pakistan’s economy. Pakistan is one of the largest producers of fruits and vegetables in the world besides being the largest overseas exporter of cotton and other agri products. It accounts for around 21.4 percent of GDP and about 45 percent of Pakistan’s population depends directly on agriculture. It is claimed that Pakistan is always governed by big landlords yet agriculture sector remained worst hit …

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Microfinance: A game changer

  Microfinance in Pakistan has had a significant shift from the days when microfinance was being discussed as the next big innovation to address the poverty issues in Pakistan to being discussed in terms of the next big investment opportunity. The perception of microfinance in Pakistan has undergone a fundamental change in more than a decade of its evolution. The microfinance sector in Pakistan has developed a successful and sustainable …

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Good governance in Pakistan

  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 …

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Rupee, Dollar and Gold

  Stable foreign currency exchange rate and foreign currency reserves are one of the critical aspects for Pakistan’s ability to engage in commerce with other countries. Volatility in the exchange rate is increasingly being recognized as a concern for Pakistan’s economy. The Pak rupee has depreciated significantly against the US dollar marking a new risk for Pakistan’s economy. After maintaining a range bound movement from 2009 to 2011, the rupee …

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Pakistan’s insurance sector

  Insurance in Pakistan has come a long way since the time when businesses were tightly regulated and concentrated in the hands of a few public sector insurers. Factors like slowdown of economic activities, law and order issues and high inflation are deteriorating the performance of this sector. Though insurance market in Pakistan is highly concentrated in urban areas and many insurance companies are subsidiaries of large industrial groups that …

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Burning midnight coal

  It is important for Pakistan to increase the generation capacity of the country; unfortunately relevant ministry couldn’t address the power crisis as quickly as was expected by the people. It’s simply because there has never been a long-term, realistic policy on power generation. Pakistan meets its power requirement from hydro, furnace oil fired steam, combined cycle gas plants and diesel oil fired electricity generating plants. Currently about 30 per …

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Trade with India

  Pakistan and India offer natural markets for each other’s export products and both countries are pursuing policies of trade liberalization since early 1990s. In their mutual trade, they can enjoy the advantages of reduced transaction costs and quicker delivery due to geographical proximity, common language and a heritage of common physical infrastructures. During the first half of the current fiscal year, the two-way trade stood at USD 1.1 billion …

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Branchless banking in Pakistan

  Pakistan is one of the fastest developing markets for branchless banking in the world where 90% of total bank branches are currently processing real time online banking services across the country. During the last five years average shows that 36 per cent of the transactions were routed through electronic channels depicting a 23 per cent average yearly growth as compared to 2 per cent average growth in paper based …

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