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Why banks prefer investment over advances?

  Recently released data by State Bank of Pakistan (SBP) about deposits, investments and advances of commercial banks for the month of April’14 can be termed a little disappointing when compared with March’14. Deposits remained pegged at Rs7.6 trillion, advances were recorded at Rs4.1 trillion at month investments slid by 1%MoM to Rs4.5 trillion, mainly because of commencement of trading of government securities at Karachi Stock Exchange and failure of …

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First-ever Metro Train Project

  Govt achieves another landmark of signing $1.6bn deal with China The present PML-N government achieved another landmark, as a historic agreement was signed for first-ever Metro Train Project in Pakistan. Punjab Chief Minister Muhammad Shahbaz Sharif signed the agreement on behalf of the Pakistan government, while Chairman National Development and Reform Commission China, Xu-Shaoshi signed the document on behalf of China for Metro Train Project. Under the agreement, Orange …

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Investment options to counter inflation

  Pakistan has been plagued with inflation for a long time, which creates pressure to meet day-to-day household expenses in limited income. It is extremely important that an additional source of income is available, which cushions monthly expenses. Investment management has long been carried out for additional income, however, in an inflationary environment where cost of living is increasing year-on-year, having and executing a plan for investments of residual funds …

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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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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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Attracting remittances – Trend to be continued

  According to World Bank, Pakistan becomes the seventh largest recipient of workers remittances in 2013, with net inflows of about $15 billion. In the first nine months (July-March) of the current fiscal year (FY) under the leadership of Prime Minister Nawaz Sharif government, it has received about $11.6 billion in remittances, up 12 percent from $10.354 billion in the same period of last year. The inflows from all the …

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Pakistan: A welfare state in reality?

  A welfare state is an idea of government in which the state plays a major role in the promotion and protection of the economic and social well-being of its people. Such a government is a part of the lives of its people as it caters to the material, physical and social demands of its people. The main aim of a welfare state is to primarily generate economic and social …

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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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Agricultural prospect: vital for economic growth

  The agriculture sector plays dual but vital role for the economic development of Pakistan it contributes to the exports of the country by being a primary supplier of raw materials to the downstream industry and on the other hand, it is a large market for industrial products such as pesticides, fertilizers and agricultural machinery. The sector accounts for over 21 percent of the GDP of the country thereby being …

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