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Burning midnight coal

  It is important for Pakistan to increase the generation capacity of the country; unfortunately relevant ministry couldn’t address the power crisis as quickly as was expected by the people. It’s simply because there has never been a long-term, realistic policy on power generation. Pakistan meets its power requirement from hydro, furnace oil fired steam, combined cycle gas plants and diesel oil fired electricity generating plants. Currently about 30 per …

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Mystery behind unexploited Thar coal

  It was in 1992 that the Geological Survey of Pakistan (GSP) discovered huge deposits of coal – the second largest in the world – in Tharparkar District, Sindh. Thar coal field is estimated to have reserves of 175 billion tons, 68 times higher than Pakistan’s total gas reserves. Thar coal has been declared lignite type, spreads nearly 10,600 square kilometers, with power generation potential of 100,000 MW consuming 536 …

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Alternate best vital energy source: coal

  It has been estimated that there are above 847 tonnes of proven coal reserves throughout the world. It is anticipated that at the present level of coal production the coal reserves are to last for a period of over 130 years. On the other hand the proven oil and gas reserves are to last around 42 and 60 years respectively at current production level. Coal reserves are available in …

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SAARC

  The South Asian Association for Regional Cooperation (SAARC) is an organization of South Asian nations, providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and cooperation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasizing collective self-reliance. SAARC was established on December 8, 1985 and its seven founding members are Sri Lanka, …

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India faces challenges to become a dominant country in global trade

  India is the tenth largest economy of the world with GDP growth of 5.3 percent. India has USD 295 billion in reserves on as December 2012. India’s literacy rate is 74 percent which has grown year on year. The country is a major player in the global market when it comes to Trade. The textile, automotive, banking and technology industry is considered the best in the world. Major multinationals, …

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Trade with India

  Pakistan and India offer natural markets for each other’s export products and both countries are pursuing policies of trade liberalization since early 1990s. In their mutual trade, they can enjoy the advantages of reduced transaction costs and quicker delivery due to geographical proximity, common language and a heritage of common physical infrastructures. During the first half of the current fiscal year, the two-way trade stood at USD 1.1 billion …

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Banking for all

  For the past two decades, the banking sector has chosen a new service channel based on the progress of information technology – internet to respond to the changes in customer preferences and needs, increasing competition from non-banks, changes in demographic and social trends, and government deregulations of the financial service sector. In the search for sustainable competitive advantages in the technological financial service industry, banks have acknowledged the value …

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Blending banking with technology

  Over the last one decade banks have been working hard to enhance their outreach, by increasing number of branches but more importantly through deployment of technology. The convergence of telephony and information technology has helped in developing ‘technology highway’. Now an account holder can complete a banking transaction irrespective of time, his location and even his/her primary bank. Initially there was some resistance against use of ‘plastic money’ as …

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Branchless banking in Pakistan

  Pakistan is one of the fastest developing markets for branchless banking in the world where 90% of total bank branches are currently processing real time online banking services across the country. During the last five years average shows that 36 per cent of the transactions were routed through electronic channels depicting a 23 per cent average yearly growth as compared to 2 per cent average growth in paper based …

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Skyscrapers: A way of life or need

  Rising steel prices pushes up cost of construction Karachi can be termed a city of its own kind. It has an estimated population of 20 million people living in all sorts of dwellings, from huts to condominiums. Despite hardly any support from the federal or provincial governments, housing units are being constructed but still remains an acute shortage of housing units, be it for the richest or the poorest. …

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