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Telecom explosion opens new business avenues

  Mobile banking becomes fastest growing payment channel It is because of telecom explosion that opened new concepts of business expansion especially in the financial sector as today the fastest growing payment channel in the country is Mobile Banking. According to official sources the number of transactions increased by 170.7% compared with that in the same period last year. Presently, there are around 1.5 million registered users of Mobile Banking …

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Over 78pc of population face high stakes of vector-borne diseases: UN

  More than 78 percent of the world population is on high stakes of vector-borne diseases due to toxically-infested unsafe drinking water — for which, in almost 72-83 percent cases, particularly in the developing countries of Asian and African regions, the ecologically non compatible sewage system is the major attributable provenance root-source, learnt the World Health Observance through UN WWD 2005-2015 program. According to the UN statistical records, over 8,69,000 …

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Pakistan provides ample opportunities for investment in telecom

  With more than 180 million population and 132.33 million cellular mobile subscribers, Pakistan’s telecom sector offers huge opportunities for international and domestic investors. Foreign telecom firms have important presence in the country. These firms are fruitfully doing business in Pakistan. The telecom sector has attracted considerable foreign investment after the deregulation. During FY06 to FY12, Pakistan’s telecom sector attracted more than US$12 billion of investments including $6 billion foreign …

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Business environment for retail business

  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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Business environment in Pakistan

  Rising cost of doing business, energy crisis & security issues are cause of concern for overseas investors To attract foreign investment is one of the top priorities of the present government with a view to improve economic growth in Pakistan. In this respect the Ministry of Finance is holding road shows at least six in six major cities including Dubai, Los Angles, New York and London this week. Although …

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Custom House Karachi

  Historically, a customs/custom house is a building housing the offices for the government staff that processed the paperwork for the trade of goods into and out of a country while Customs officials also charged customs duty on imported commodities. The house was typically situated near a seaport or in a city on a key river with access to the ocean. These cities performed as a port of entry into …

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How to develop microfinance in Balochistan?

  Micro credit banking has emerged out to be an effective tool to combat wide spread poverty in the third world countries. Provision of credit to the people at grassroots level and small firms is an excellent strategy to boost economic activities and generating job opportunities especially in Balochistan a country’s largest province, with nearly 44 percent of its surface area and a thinly dispersed population of around 7.5 million. …

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Energy conservation: A voyage from ICL to CFL

  Power shortfall was recorded at 2,400MW despite descending temperature due to rain. However, it may be noted that power shortfall has started rising from the level of 2,000MW and more is likely to take place soon the rainy weather is over. Present government took several initiatives to overcome the energy crisis and started enormous plan to develop not only energy resources but also energy conservation program. And one of …

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Economic impact of stronger rupee against the dollar

  Pakistan has been witnessing devaluation year after year ever since one can remember. People in general longed to see a stronger rupee. Depreciation was resulting in constant increase in price pushing more people below the poverty line. Currently the Rupee is trading between PKR98. No one can say for sure where the exchange rate will be in the future. Some predict devaluation to previous levels other claim another round …

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The history and significance of Pakistan Day

  The Lahore resolution which is more commonly known as the Pakistan resolution was a political statement, which the Muslim League adopted back in 1940. The three-day session took place between March 22-24 was held to call for Muslim autonomy within British India. The resolution was presented by A. K. Fazlul Huq and was interpreted to be a demand by the Muslim League for a separate nation for the Muslims …

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