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Transportation in Pakistan

  Transportation in Pakistan is extensive and varied but still in its developing stages and serving a population of over 180 million people. Construction of new airports, roads and railway lines has led to an employment boost in the country. Much of Pakistan’s road network and railway network were built before 1947. Presently, roads carry over 96 percent of inland freight and 92 percent of passenger traffic and are undoubtedly …

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Mobile banking – banking for all

  In Pakistan, foreign banks initiated in mid 1990 the concept of electronic banking practices. Domestic banks also adopted the technology and E-banking services like ATM cards and debit cards in late 90s were introduced. The swift improvement in electronic distribution channels has produced tremendous changes in the financial industry, especially with a rising rate of change in technology. The developments happen in information and communication technology are escalating competition …

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Making Balochistan the food basket of Pakistan

  Balochistan is known as the fruit basket of Pakistan because of its production of high-quality fruits in bulk. The province can also become the country’s food basket if its wheat yield potential is fully and efficiently tapped. It has wheat varieties yield potential of 6.5MT/hectares, but it is getting only 2.4MT/hectares. The province gets 95 percent wheat from irrigated and 5 percent from rain-fed areas. A long-term strategy needs …

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Korangi Creek Industrial Park

  An economic hub offers more investment opportunities While the grapevine at the backyard of the Federation House is ripe amid rumors that local investors have transferred billions of dollars to Malaysia, UAE, Bangladesh, and even Sri Lanka and about 12 home textile manufacturers have already set up industries in Bangladesh, the news that over 65 industrial units are getting ready to lay the foundation of the manufacturing units at …

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Pakistan a natural energy corridor

  While geopolitics plays an important role in the prices of energy products, super powers are also keen in controlling the logistics. It is on record that Iran has been facing sanctions for more than three decades and the only purpose is not to allow its oil to reach international markets. However, lately, China, India, Japan and Korea have emerged as main buyers of Iranian oil. Taking Iranian oil to …

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Past and present scenario of CNG in Pakistan

  The supply and use of CNG in the transportation industry has adversely affected the economy. CNG was introduced for transportation in late 90’s to counter the rise in price of oil which caused inflation from the supply side. The idea for introducing CNG was to provide cushion to the consumers specially the transportation network to keep the prices at low level. As the price of fuel based on international …

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Rural industrialisation

  With the launching of Khairpur Special Economic Zone, Sindh has entered in to a new era of rural industrialisation, which would go a long way not only in strengthening the industrial base of the province but also in providing employment to the local population in their home town, this is also a giant leap in curbing the migration of rural population to the megalopolis, Karachi. Needless to emphasize that …

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Pakistan’s insurance sector

  Insurance in Pakistan has come a long way since the time when businesses were tightly regulated and concentrated in the hands of a few public sector insurers. Factors like slowdown of economic activities, law and order issues and high inflation are deteriorating the performance of this sector. Though insurance market in Pakistan is highly concentrated in urban areas and many insurance companies are subsidiaries of large industrial groups that …

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Islamic banking – potential of growth reasonably high

Islamic banking has been defined as a system of banking, which is in accordance to the values and the spirit of Islam and is based on principles, which have been put forth by the Islamic Shariah. Not only does this form of banking avoid any interest-based transactions, it also avoids unethical and immoral social practices, which go against Islamic law. Thus the aim of Islamic banking is to work towards …

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Growing number of business schools

  Over the years there has been a mushroom growth of business schools in Pakistan. A number of universities have established Business Administration Departments. Since this growth has taken place in a rather short span of time, availability of faculty became very difficult. Business schools are now competing directly with trade and industry in hiring the faculty. Now business schools offer attractive salaries, particularly to the visiting faculty members. However, …

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