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Use cellular of technology for banking transactions

  Pakistan is the most vibrant market for sale and purchase of mobile connections and cellular phones. The industry is regarded to be the best in Asia in terms of sales. Major cellular companies have eyed Pakistan for increase in sales in double digits; part of the reason being population of 180 million people which creates an automatic demand. In recent times, high demand is witnessed for purchase of mobile …

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Mainstreaming of renewable energy vital to beat country’s power shortfall

  Renewable energy must be a important part of Pakistan’s energy plan In the face of critical energy crisis, Pakistan needs to explore renewable energy avenues to improve its power supply. So far renewable energy is not important part of Pakistan’s energy plan. As per estimates, the country loses up to 3-percent of its GDP per annum are because of power shortages. Despite enormous potential, Pakistan cannot explore avenues of …

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The government, banks must jump on to financing the solar projects

  Solar energy is forecasted to become a new source of power to lead the world to a low-carbon future and expectedly, away from a global climate catastrophe. For solar energy to become very cheap that it can compete with coal and oil, its deployments need to be greatly developed. Solar power can meet wholly the world demand of electricity. It has the capability to provide several times the country’s …

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Mega forestry projects to prosper Balochistan

  Ziarat in Balochistan possesses the second largest Juniper forests in the world. Besides Juniper, other major species include Almond, Khujak, Olea and Wild Ash are in Ziarat. Conservation of Juniper forest needs a long-term strategy on the part of the government. The objective of the forestry is to improve and expand the tree plantation, stabilize sand dunes, preserve the natural flora and fauna, complete and establish recreational parks and …

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SAARC region needs inclusive economic growth

  Pakistan keen to build TAPI for the benefit of the region The Prime Minister of Nepal Mr. Sushil Koirala has rightly pin pointed with a wake up call that despite remaining in proximity, the countries in the South Asian Association of Regional Cooperation (SAARC) region did less than 5 percent trade among them as lack of physical connectivity; political will and long list of products under sensitive list have …

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Will the low interest rates support the private sector?

  Current benchmark interest rate at 7 percent is the lowest in 42 years in Pakistan. Last month, the central bank kept its policy rate unchanged at after lowering its rate by 100 bps to 7 percent as it was in May. The cut in interest rates would only benefit the economy if the initiative is to support the private sector, otherwise the government’s excessive borrowing from the banking system …

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Banking sector review

  The banking sector through CY13 faced tough challenges with external factors including law and order situation, political uncertainty, strikes causing closure of bank branches in distressed areas to name a few. State Bank of Pakistan require banks to have minimum capital of PKR 10 billion by December 2014, which will be a challenge for banks below the required threshold forcing another round of mergers and acquisitions. The CAR for …

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Iran’s nuclear deal not helpful for Pakistan gas pipeline

  Iran and a group of 6-states led through the US reached a historic agreement on July 14, 2015 considerably limit Tehran’s nuclear ability for greater than a decade in return for lifting global oil and monetary sanctions. The agreement culminates 20-month of negotiations on a deal that US President B. Obama had long sought as the greatest diplomatic attainment of his government. Whether it portends a fresh relationship between …

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69th Independence Day celebrations

  SBP launches vision 2020 to ensure a robust financial system in Pakistan The collective efforts of the government as well as Pakistan Army for restoration of peace and effectively addressing the security concerns in the wake of Zarb-e-Azb Operation was truly reflected in the extra ordinary zeal and fervor to celebrate 69th Independence Day was quite indicative of the improved confidence of the people towards the visible improvement in …

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Pakistani youth competent to shape country’s future

  Pakistani youth no doubt are the asset of Pakistan as they have ability and hold the potential to build their future and that of their country. Young people posses the vigor to enthusiastically contribute in governance, democratic and socio-economic progress. It is necessary to empower young citizens and offer them with plentiful chances in order to engage them in social, political and economic affairs of the society as future …

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