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The future era in LNG

  Natural gas accounts for 50 percent of Pakistan’s total energy mix. The present shortage of 2,000mmscfd has led to the closing down of small and large scale industries and businesses across the country. The LNG Policy was issued in 2006 but so far no project relating to LNG has been materialized. This is the final attempt by the government to bring LNG to Pakistan. At present, Asia accounts for …

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The CNG dilemma: when and how should it end?

  CNG was introduced in Pakistan to counter high price of fuel. As a new business venture, many businessmen opened CNG stations to reduce the cost of transportation. CNG kit import became a wide market and especially popular in the transport industry. Introduced in mid 1990’s no one predicted the issues arising out of CNG supply, which we witness today. As the price of fuel based on international oil prices …

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Child marriage and problems

  Adoption of Sindh child marriages restraint bill a right step Child marriages bring a lot of misery to the children, particularly for the girl child. Child marriage increases problems for the families and in fact affects the whole life of a girl. This practice should strictly be discouraged while action should be taken against people involved in this evil-minded activity. Complications of pregnancy and childbirth are contributing causes of …

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Hydropower projects – A better future ahead

  For years, large scale hydropower progress has been sighted as something of a pariah within the renewable power sector. Indeed, despite an acknowledged contribution to sustainable power growth ‘ hydropower’s worldwide kWh contribution dwarfs all other renewable technologies ‘ it has chiefly been excluded from considerations that merit other forms of renewable energy generation and has weathered widespread criticism over schemes deemed unsustainable. All that is altering though, and …

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Current vs Development expenditure

  If one looks at the composition of annual budget, one point is very clear that revenue collection is barely enough to meet the current expenditure. Often, amounts are borrowed to meet the shortfall and almost the entire developmental expenditures are financed through aid, grants and softer loans acquired from multilateral financial institutions. The budget for next financial year is not likely to be very different from the previous budgets. …

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Pakistan Steel Mills — Past and Present

  Pakistan Steel Mills (PSM) is the largest corporate entity owned by the government with production capacity of 5 million tons. Privatization of PSM was initiated under the reign of former prime minister Shaukat Aziz, which was met with controversy. The Supreme Court held the privatization effort as defined process and procedures were not followed. Sale of the country’s largest industrial unit went down the drain whereas the matter was …

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Banking sector review

  The banking sector through CY13 faced tough challenges with external factors including law and order situation, political uncertainty, strikes causing closure of bank branches in distressed areas to name a few. The State Bank of Pakistan (SBP) require banks to have minimum capital of Rs10 billion by December 2014, which will be a challenge for banks below the required threshold forcing another round of mergers and acquisitions review. The …

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Economic developments and outlook

  The State Bank of Pakistan (SBP) has taken various measures to manage inflation and interest rate. In September 2013, SBP linked minimum rate of return on average balances held in saving deposits with the floor of the interest rate corridor, which means return on saving deposits cannot be more than 50 bps lower than the floor of the interest rate corridor, which is currently at 7.5 percent. This measure …

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High cost of doing business in Pakistan

  Presently, the cost of operating a business in Pakistan is considerably high because of incompetent and unfriendly socio-economic environment. Consequently, Pakistani businesses are at a comparative demerit in regards of operating costs against their competitors in the region. In spite of continuous representations to the government strategy adepts and top executives, no worthwhile attempt has been made towards declining the high cost of doing business in the country. The …

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Child adoption: A common practice globally

  Adoption of boys was a general practice in the affluent class in ancient Rome. For families with no male at all, adoption was the only solution. Adoption was the most common way of acceding to the throne without use of force. In ancient Rome it was an expensive agreement for the childless family and quality had to be ensured. Adoption was agreed between families by the mother giving the …

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