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Merits and prerequisites of privatization

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

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Pakistan in a unique position to catch up and overtake other economies in South Asia

  Pakistan economy has suffered on various accounts such as war on terror, law and order and even US sanctions on Iran which is a major impediment between bilateral trade between two natural allies in the region. As a result of US sanctions, the business communities of the two countries are forced to indulge in illegal cross border trade, which is estimated to the tune exceeding to $4 billion, while …

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Normalization of Pak-India trade ties essential for economic boost

  Pakistan is anxious to continue trade with its neighbours especially with India, despite border tensions. The government is committed to increase regional trade with India as part of encouraging peace without compromising on national sovereignty. It would like to trade in energy for import of electricity from India to overcome the energy crisis. The Pakistan government is planning to develop trading land ports at Pakistan’s three neighbouring junction points …

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Telecom brings a breakthrough in financial sector

  Ufone-Meezan Bank takes initiative for first Islamic branchless banking in the country It is quite evident that the conventional approach of bricks and mortar branches will never adequately serve the millions of un-banked masses in Pakistan unless the strategy of financial inclusion is supported by the telecom sector in Pakistan. Being an agriculture country with over 68 percent of the total population is rural-based in Pakistan, the conventional banking …

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Pakistan — A highly competitive telecom market

  Smartphones trade reached peak and set to grow further Pakistan with a market of about 200 million people continues to allure foreign firms to invest in the country’s telecom market, which has the footmarks of strategic investors such as Orascom, Etisalat, Telenor, Abu Dhabi Group’s Warid Telecom and Canada’s Nortel Networks and China’s telecom giants — ZTE Corporation and China Mobile. Pakistan has the highest mobile penetration rate in …

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Telecom future in Balochistan

  With the current growing pace of telecommunication, the telecom sector of our country has witnessed a spectacular growth in the recent past. This advancement and growth in the sector is also having positive impact on the underdeveloped economy and most backward society of Balochistan, which despite least developed province of the country, enjoying satisfactory growth level of telecom consumers and the quality of telecom services provided to them are …

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Industrial development in Balochistan set to be revolutionized under CPEC plan

  The absence of infrastructure is the single most important reason that discourages investment in the industrial sector development in Balochistan. It is the most backward province, which is also far behind from other provinces in road sector development. The province has a road network comprising about 25,099 kilometers, which is less than that of the other provinces. The existing road network in Balochistan is in a dire need of …

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The influence of oil prices on Pakistan’s economy

  During early 1990s in Pakistan, power and transport industry were the key consumers of petroleum/oil having share of 25 percent and 50 percent, respectively in its total consumption. The crude oil prices have shown a record rise in the last few years rendering the oil importing and developing countries to face the serious fall out and economic setbacks. Experts have revealed that the consumption of petroleum/oil has explained an …

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Energy shortages, limited external demand and structural bottlenecks all constrained industrial growth

  Industrialization is regarded essential for rapid development of the country while the nations, which gave weight to rapid development to industry achieved high rates of development. Pakistan at the time of partition in 1947 had negligible industrial base. Since the division of the sub-continent, the Government of Pakistan has been utilizing all available resources domestic as well as external for rapid development of the manufacturing sector. Pakistan has now …

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IBA establishes center for excellence in Islamic finance

  Dr. Ishrat Husain announced the establishment of the Centre for Excellence in Islamic Finance at IBA, with the objective of bridging the gap between trained human resource and industry’s growing requirement. The Centre will broadly perform in the areas such as offering degree programs in Islamic Finance, Conduct Research and case studies for enhancing and disseminating knowledge in Islamic Finance; offer short term open and customized executive courses for …

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