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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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Has IMF’s loan a soothsayer for ailing economy of Pakistan?

  Following its ninth review of the program, the International Monetary Fund (IMF) asked Pakistan to focus on accelerating steps to widen the tax net and raise funds for more infrastructure investment and social assistance after the country failed to reach its fiscal deficit and tax revenue targets under an IMF Extended Fund Facility (EFF). However, the IMF welcomed the government’s plans to take action to attain the budget deficit …

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Flaws and drawbacks of the IMF’s currency basket

  Established following World War II to help with post-war recovery, the International Monetary Fund (IMF) serves as a lender to modern governments and an overseer of international financial markets. Both the International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide …

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Increasing exports a way out to avoid debts

  Pakistan is presently going through process of rapid economic development, which includes privatization of major government corporations, aimed at attracting foreign investment and lessening budget deficit. In 2014, foreign currency reserves crossed $15 billion mark, which has led to steady lookout on the long-term rating. External debt in Pakistan remained unchanged at $64,338 million in the fourth quarter of 2014. External debt in Pakistan averaged $49,246.37 million from 2002 …

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Insurance growth and prospect in Balochistan

  Insurance business generally grows on risk perception in a society. Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of target killings and attacks on public and private properties have witnessed a phenomenal growth over the past five years. The reason is the …

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Takaful products set to be a game-changer for nascent Islamic insurance market

  In today’s world, no country, irrespective of ideological differences, stands isolated today. Foreign Direct Investment (FDI) is a strong and vibrant instrument for an accelerated socio-economic development but conducive atmosphere in this regard is a must. There are two sources of FDI namely, Direct Investment and Portfolio. Direct Investment refers to investment in various industries. This represents fixed investment and is generally expected to be on long run basis …

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Crop insurance for farmers vital for agri growth

  Agricultural production and farm incomes in Pakistan are frequently affected by natural disasters such as droughts, floods, cyclones, storms, landslides and the earthquakes. Destruction to agriculture is often combined by the outbreak of epidemics and man-made disasters such as fire, sale of unauthentic seeds, fertilizers and pesticides, etc. Farmers across the country had suffered losses of billions of rupees due to floods of 2010 and rains of 2011. Agricultural …

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