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Trade & Economy

Chhipa takes priority to serve and love human and respect humanity

  Chhipa Welfare Association is purely a non-profit, non-government organization registered with Government of Pakistan and Government of Sindh, which under the guidance of Dr Muhammad Ramzan Chhipa (Sitara-e Imtiaz), is having a mission and motto called “loved human, respect humanity”. It is providing comfort and mental solace to the poor, worried and wretched persons through all possible means. The Association used to provide help and succor to the suffering …

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Edhi Foundation – the largest and pioneer center for serving humanity

  Abdul Sattar Edhi established his first welfare centre and then the Edhi Trust with a mere Rs5,000. What started as a one-man show operating from a single room in Karachi is now a reputable Edhi Foundation, the largest welfare organization in Pakistan. Edhi is like Mother Teresa who devoted her life to the poor of Kolkata while he (Abdul Sattar Edhi) leads the way of helping the Karachiites and …

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Pakistan among highest charity giving nations

  Muslims give more money to charity than people of other religions. More than three in 10 Muslims, Catholics and Jews donated money during 2012, ICM Research found. Followers of Islam gave an average of $567 compared to Jewish givers who donated around $412; according to the survey of just over 4,000 people in the UK Christians gave considerably less. Protestants donated an average of $308, while Roman Catholics gave …

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Go shopping, go plastic — credit card galore

  The Chicago-School Economists’ guru Milton Friedman and his disciples started to storm the White House in Reagan era. They brought with them the recipe to counter stagflation – a situation when the US economy remained stagnant in spite of rising prices. The recipe for the government was: increase money stock, cut interest rate, and make credit as easy and abundant as possible. For American people the message was: go …

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Pakistan tourism is growing and should depict safe

  Interview with Mr Paul Midy — Global Ceo jovago.Com Profile: Paul Midy is the Global CEO of Jovago, which is an international venture by Rocket Internet specializing in online hotel booking. He completed his undergraduate studies from Ecole Polytechnique, France after which he went to Columbia University in New York to pursue his graduation. After completing his education, he worked for seven years at McKinsey & Company where he …

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Importance of education to develop human resources in Pakistan

  Pakistan is rich in natural resources. Only the educated, skilled and healthy people can make the best use of the enormous natural resources of the country. The better human capital equipped with education in science and technology can be instrumental in increased productively with modern technology in all economic sectors. This will enhance industrial productivity and increase exportable output of the country. Education is the main tool to develop …

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Overview of Pakistan federal budget 2015-16

  The latest federal budget for the fiscal year 2015-2016 has been recently revealed out of which the outlay is 91 per cent higher than what was revised earlier in the fiscal year. The Finance Minister, Mr. Ishaq Dar presenting the budget 2015-16 to the National Assembly claimed that the budget does include measures with respect to employment, improving the exports of the country as well as focusing on helping …

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Post budget analysis: impact on sectors

  The government has announced the budget for the year 2015-16 which is being met with mixed reviews. Some believe that the budget will increase inflation there by squeezing the middle class while others have their own opinion on each of the economic sectors. In addition, this year’s tax has brought in some of new sectors under the tax net. Summary of the budget for 2014-15 and key features with …

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Interest rate drops to historic low at 7 percent

  Monetary policy review reduces policy rate by 100bps A dramatic cut of 100bps in policy rate for the banking industry bringing the interest discount rate from 8 percent to 7 percent indicates the firm resolve of the government to give a jump start to the economy and also an effort to become the first in financial history by reducing the rate to a historic low in Pakistan. The trade …

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Industrial development in Pakistan: issues and challenges

  With a population of 180 million, a geo-strategic location, the required human resources and natural endowments, Pakistan has all the potential to grow as a developed industrial national. Unfortunately, it is still a developing nation even after lapse of more than six decades since it appeared on the world map as a sovereign and independent nation. Having rich in natural resources, the country has been going through major challenges …

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