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Syed Fazl-e-Haider

Has IMF’s loan a soothsayer for ailing economy of Pakistan?

  Following its ninth review of the program, the International Monetary Fund (IMF) asked Pakistan to focus on accelerating steps to widen the tax net and raise funds for more infrastructure investment and social assistance after the country failed to reach its fiscal deficit and tax revenue targets under an IMF Extended Fund Facility (EFF). However, the IMF welcomed the government’s plans to take action to attain the budget deficit …

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Insurance growth and prospect in Balochistan

  Insurance business generally grows on risk perception in a society. Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of target killings and attacks on public and private properties have witnessed a phenomenal growth over the past five years. The reason is the …

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Beleaguered textile trade

  Immediate incentives, policy change can revive the exports of Pakistan Pakistan’s share in global textile trade dropped from 2.2 to 1.8 percent during last five years and the share may further reduced to 1.5 percent by 2020 if the sector was not made competitive in the region in respect of power supply, reducing cost of doing business and giving relief in taxes. Pakistan as compare with other states in …

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Handicraft skills in rural Balochistan a likely boost for textile growth

  Disregard of women’s rights stay put; govt should reform women empowerment policies in the province Under the 1973 constitution, all citizens of Pakistan are equal, with no distinction based on gender alone but unfortunately constitutional guarantees of equality have not been enforced in actual practice all across the country. In Balochistan, enforcement of the law is the real challenge. It has been observed on ground that force of custom …

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Future outlook for FDI in Pakistan

  Pakistan received foreign direct investment (FDI) of $119.3 million in the first two months of current fiscal year 2015-16, which is 7.5 percent higher than the FDI received in the same period a year ago. The FDI increased to $8.3 million year-on-year (YoY) in July-August, as it amounted to almost $111 million in the corresponding months of last fiscal year 2014-15, according to the State Bank of Pakistan (SBP). …

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Global retail franchises making good progress in Pakistan

  Despite security concerns, the country has witnessed an immense influx of foreign retail brands. It is a fact that international brands are making good entry into the country’s lucrative market by opening up their franchises in mega cities and in towns. Certainly, the growing number of international entrants in the local market establishes this fact. The entry of foreign retail franchises into Pakistan is a testament to the enhanced …

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Balochistan – an ideal land for shrimp farming growth

  Shrimp farming keep going and growing and remained as one of the fastest growing sectors of the aquaculture industry. The sector has shown explosive growth during the last two decades and particularly during the period between 1985-95, the contribution from farm-raised shrimp to the total world supply of shrimp has grown by approximately 400 per cent. Shrimp farming in the world has grown into a multi billion-dollar giant, creating …

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Falling oil prices: who are the true beneficiaries?

  Oil price in the international market has slumped from around $100 per barrel to below $45 in the past one year. But in Pakistan, the governments generally do not provide the genuine relief to the masses after only reducing fuel prices marginally in the domestic market. A common man will only become the beneficiary of falling oil prices in the global market if the government and the oil and …

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Gadani ship-breaking industry facing new challenges

  A major contributor to the economy by meeting half of the steel requirement of the country, Gadani ship-breaking industry in Balochistan is the third largest in the world, employing about 10,000 workers and meets one-third of the scrap requirements of the re-rolling mills in Pakistan. The industry is a significant source of supply of steel for Pakistan Steel Mills. It came into a ship-breaking yard in early 70s and …

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Rising property prices push influx of slums

  Slums continue to increase in Pakistan’s major cities and towns as the property prices keep going up and there is no check hence major townships in the country have been converting into the slums home, to say precisely. It is unaffordable for common man to buy a property for his residence and if one resorts to banks for loan, the mark up on such loans is so high that …

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