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Trade & Economy

Corporatization of Balochistan

  Balochistan has immense potential in corporate sector, which needs to be tapped efficiently. Gwadar, a port city and now the winter capital of the province may be developed as a business corporate hub. The port is still non-functional. It still lacks road and rail connectivity and its usage has so far been restricted to bulk cargo such as wheat and urea. The province has been lacking a corporate culture …

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Micro small and medium enterprises: an engine of growth, prosperity

  Entrepreneurs occupy a central position in a market economy as it is the entrepreneurs who act as the spark plug in the economy’s engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct. A society is prosperous only to the degree to which it rewards and encourages entrepreneurial activity because it is the entrepreneurs and their …

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Privatization process and concerns

  As the present government is much focused on privatization, Privatization Commission headed by Zubair Umar has short-listed 31 institutions to be privatized. According to chairman PC, the privatization process is absolutely on and financial advisers are performing their job, whether it is the Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), National Power Construction Company (NPCC) or power distribution companies like Iesco and Fesco. Last year, the government completed …

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It’s all about consumption!

  Capitalism thrives on perpetual increase in consumption. It doesn’t much encourage savings on the one hand and advocates debt-based investment on the other. Leveraged investment generates comparatively rapid but high-cost and unsustainable growth. Investment funded by savings results in low-cost, sustainable growth. This is what the Austrian economists say while commenting on the destruction wrought by the Chicago economists during the last three decades. While global conscience, in the …

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The boom of retail markets in Pakistan

  Pakistan’s retail sector is growing with great momentum. The retail industries have become a major hub for growing businesses. Though retailers have existed in Pakistan for a long time, the induction of global brands and outlets have forced local retailers to expand their boundaries to compete with their larger international competitors. The entrance of supermarkets and malls during the last eight years created a new community of enthusiastic shoppers …

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The consumer is a king — A review into Pakistan’s booming retail sector

  With the positivity instilled with the current government, most segments of the economy are showing positive signs of growth. When talking to businessmen on market potential, most say that the sector which is the best choice for investments is the retail sector. Pakistan has population of 180 million people, and frankly, the only entertainment is food and shopping. The demand of both food and shopping is counter to the …

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Benazir income support plan growing into biggest social safety net

  Presently, the Government of Pakistan has proclaimed an ambitious yearly plan for alleviating poverty and producing more career opportunities, involving levels that may have a far touching impact on the lives of citizens. REGIONAL& GLOBAL POVERTY DESCRIPTION NUMBER OF POOR (MILLIONS) POVERTY RATE (% POPULATION) 2005 2010 2015 2005 2010 2015 East Asia 304.5 140.4 53.4 16.8 7.4 2.7 Europe and Central Asia 16.0 8.4 4.3 3.4 1.8 0.9 …

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More money creates more poverty

  It is mandatory, to survive under capitalistic system, to record economic growth every year. This growth is predominantly expressed by a single macro indicator – GDP. The prevailing prices of the factors of production and market prices of goods and services consumed during the year form the basis of GDP calculation. Controlled increase in prices on a sustained basis is the key to the survival off the system. Situations …

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Private donations under charities amounted to around Rs400 billion annually

  Punjab government set to launch different schemes to provide conditional / unconditional cash subsidy to destitute and poor people While fasting is the hallmark of the holy month of Ramazan, the month long Muslim observance that begins with first Ramazan is also grounded in a heightened awareness of charity. Ramazan is a month of blessings and people become more spiritually aware in this holy month and are more likely …

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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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