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Trade & Economy

Media maturity — A function of country’s economic development

  It’s worth trying to determine Pakistan’s development stage in terms of Rostow’s five stages of economic growth that is: traditional society, preconditions or preparatory stage, take-off stage, drive to maturity, and mass consumption. The trouble is with Rostow’s failure to take into account government policies and economic reversals resulting from mismanagement and administrative corruptions. For example, the preparatory stage decrees development of certain economic and social infrastructure like ports, …

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Concern behind China-Pakistan economic corridor

  The People’s Republic of China has reaffirmed its commitment for the multi-billion dollar project of China-Pakistan Economic Corridor (CPEC), in a letter from the Chinese President to the Pakistan premier, which further reinforce the friendship between the “iron brothers”. On the other hand, Prime Minister of Pakistan ordered Cabinet minister to remove all the “irritants” as described by Minister for Planning and Development and take them into confidence, in …

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Media’s positive effect on children

  Media can have a positive effect on our children, especially if parents get involved themselves when their children are using them. It is difficult to choose the good from the bad when it comes to media. Apart from good messages there are several negative messages about media. This depends upon how viewing and interacting with it might harm children. Research shows that children can benefit from media. The benefits …

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Jobless youth – A gravest social, economic problem

  One of the gravest social and economic problems facing the country is unemployment. It is a fact that one person out of ten is out of work in Pakistan. It is a global problem, even the most advanced and prosperous countries of the world like USA, Britain are Japan are faced with this problem. It is difficult to provide jobs to all but it can be tackled down. We …

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Russian economy in the wake of sanctions and oil slump

  The tough-guy image of Putin has spelled much misery to Russian commoners than any good to the country. The US and the West have never been comfortable with this man; his actions have always been under a powerful scanner. He gave his foes a chance to be mean with his Ukrainian offensive. The sanctions came as an automated response sending the Russian economy and people into a state of …

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Qatar economy – strong savings base to neutralize oil slump effect

  A Gulf Times news article opens with the following lines; ‘Sharp decline in global energy prices appear to have taken a heavy toll on Qatar, whose trade surplus shrank considerably in January this year as exports plummeted amid rising imports, according to official figures. The trade surplus of energy-major Qatar, which is fast powering its non-hydrocarbon segments as part of diversification, plummeted 48.3% year-on-year to QR18.54bn on substantially lower …

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Prolific Pak-China relationship

  With the recent visit of US President Barrack Obama in New Delhi on the Republic Day parade in India and with the nation wanting to align its policies similar to Washington has created unease for not only Pakistan but for China as well. However news of the Chinese President, Xi Jinping to be the chief guest at the March parade in Pakistan this year has been received quite warmly. …

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China set to provide more favorable concessions under FTA

  Pakistan’s major imports from China are machinery, chemicals, garments and other textile products, construction material, tiles, sanitary wares and crockery. Pakistan enjoys huge export potential to China due to its advantages in agriculture, minerals, chemical, textile and leather products. Besides Pakistan has comparative advantage of oil seeds, fruits, base metals, plastic goods and perfumery etc. A large number of Chinese companies are working in Pakistan in oil and gas, …

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Pak-China cooperation in infrastructure projects

  In November 2014, Pakistan and China signed 19 agreements and Memorandum of Understandings (MoUs) to further boost the bilateral ties between the two countries in various fields, including energy and basic infrastructure sectors. Earlier a meeting between Prime Minister Nawaz Sharif and his Chinese counterpart was held in Beijing where both the leaders discussed bilateral relations and the regional situation. The agreements signed between the two countries include solar …

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Impact of low markup rate on Pakistan’s economy

  Since the last monetary decision was made in November of 2014, key macroeconomic indicators have shown improvement. CPI inflation and its expectations have continued to follow a downward trajectory and in the months of November and December 2014, the trade deficit has also declined, however, it did increase in the first half of the fiscal year 2015 in comparison to the same period of FY 2014. Additionally, inflows of …

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