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Impact of rebalancing move of China on developing economies

  China has been experiencing fastest GDP growth rate (not less than 10 percent) for the last two decades, but global financial crisis emanating in 2007 has resulted in gradual reduction in growth rate, which in recent years has gone down by 2 to 3 percent causing adverse repercussions on its current account surplus also which in the past had hovered around 10 to 12 percent of GDP, but of …

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Livestock & crop insurance — An effective tool to avert flood losses

  The flood and the deluge has caused heavy losses in the form of human life, crop, livestock, property and infrastructure, which are preliminary estimated at US$200 million, however, exact number of losses would be quantifiable when the process of restoration will start specially in Punjab. However, the flood ravages this year are much less compared to the flood devastations, which had cost over US$10.1 billion in 2010. It is …

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Role of regulatory authorities in consumer protection

  One of the conditions for initiating process of ‘Liberalization, Deregulation and Privatization’ in early nineties was creation Regulatory Authorities in the respective sectors. The objective behind initiating this process was to confine role of the government to be the facilitators and pull it out of managing business. Creation of regulatory authorities was also one of the requirements of the multilateral lenders for the protection of all the stakeholders, particularly. …

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How to protect consumers’ rights in Pakistan?

  Unfortunately, there is a widespread violation of consumer rights in Pakistan and the area of consumer protection has remained neglected in the country due to improper rules and law. It is pathetic that majority of consumers are unaware of their rights, hence they are vulnerable to exploitation by producers. A consumer has misleading information and because of the ignorance of his rights and non-availability of redress mechanism, he is …

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Agriculture, livestock contributing GDP growth

  In Pakistan, the key objective of agriculture sector is to ensure proper production and availability of food for the citizens and also offers livelihoods to people directly involved in the sector along with the value adding chain. The achievement of sustainable progress in agriculture sector (contributes over 22 percent to GDP) completes macroeconomic objectives by its forward and backward linkages with the other sectors. Pakistan agriculture and food security …

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Advantage & disadvantage of online banking

  Worldwide, governments transfer trillions in cash for salaries, pensions and welfare payments to persons, Pakistan is no exemption. Automating government to Person (G2P) presents tremendous merits. Firstly, the government can save great sums of amount. Secondly, recipients will have advantage from rapid payments with few leakages in the system. Most significantly, a growing body of evidence explains that with suitable delivery replicas, (G2P) payments recipients can be simply brought …

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Investment opportunities, challenges and threats

  Size of Pakistan’s GDP and its growth rate is dismal when compared with the potential. While it is true that smaller size of GDP is due to lack of documentation, the most disappointing fact is that the successive elected governments have opted for policies that could help them in attain ‘political mileage’ rather than introducing policies that could ensure sustained development. These governments have been following policies dictated by …

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Reasons behind Pakistan’s lower GDP

  For the fiscal year 2014, the United Nations Economic and Social Commission for Asia and the Pacific have projected the country’s GDP to pick up to 4.1 percent. A report launched by UNESCAP stated that in the recent months, positive changes had been experienced in the economy of the country which included an improvement in the growth of large scale manufacturing industries; appreciation of the local currency; increase in …

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Pakistan enjoys unique position among South Asian countries

  The term South Asia commonly refers to seven countries namely: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. These countries are also part of South Asian Association for Regional Cooperation (SAARC), a bloc established in 1985. Afghanistan has been included as 8th member of SAARC in 2006 and China, Iran and Myanmar are also seeking full member status of the bloc. According to various reports SAARC member countries …

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Balochistan can become center of branded fruit products

  Known as the country’s fruit basket with having ideal environment of producing huge quality products of fruit with different varieties, we can add value of Balochistan’s fruit exports by taking brand name in jelly, juices and other fruit-related products worldwide if the proper guidance and policies be implement for economic development of the province which would give further boost to the country’s exchequer. By promoting brand culture, we can …

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