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Enhancing wheat production in Balochistan

  A long-term strategy needs to be devised to make Balochistan self-reliant in wheat. The province 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 …

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The effects of growth-based fiscal policy

  A recent study by John Merrifield and Barry W. Poulson measured the effects of fiscal policy variations in case of three US states: California, Montana and Utah. The study concludes: ‘A measure issue in the debate over tax policy is the supply-side impact of income tax rate cuts. Using the Poulson and Kaplan (2008) estimates of the negative relationship between marginal tax rates and state economic growth, we show …

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Import of used cars — An unfair advantage at the cost of domestic industry

  PAMA submits proposals for budget 2015-16 The automobile industry which has developed sufficient capacity to cater to the needs of automobile market is experiencing the pinch of the unfair advantage being given to the importers of the used cars at the cost of the local industry. It is surprising that instead strengthening the base of the domestic auto industry that generates a huge number of job opportunities besides imparting …

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Lessons from Korea’s economic development: visionary leader and national unity with sacrifices

  Message of Dr. Song Jong-hwan, Ambassador of the Republic of Korea to Pakistan and Interview with Dr. Baek Yeong-hoon, translator of President Park Chung-hee’s first commercial loan delegation to West Germany in 1961. It has been 1 year and 8 months since I came to Pakistan as the Ambassador of the Republic of Korea. During this time the most frequently asked question of my Pakistani friends has been “How …

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How Pakistan can be a hub of trade of Halal food products?

  Halal food is often used in reference to foods and drinks, which are permissible for Muslims to eat or drink under Islamic law or in other words Halal is any object or an action which is permissible in Islam. The criteria specifies both what foods are allowed, and how the food must be prepared under the law of Islam. These foods include types of meat and animal tissue. The …

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Fast-expanding Halal food market

  One amazing aspect of capitalism is that markets operating under this system harbor no biases; they are commercial to the core. With too many loose ends of capitalism showing off in the last three decades, the world at large hardly desisted from embracing Islamic finance. Same is the case with Halal food industry, which has grown worldwide at an amazing pace. According to the Dubai Chamber of Commerce and …

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Seafood — A prospective wealth of Balochistan

The coastline of a province carries most productive marine ecosystem Balochistan is rich in seafood resources. It enjoys diversity of marine life in nature. Its coastline is the most productive marine ecosystem of the world. According to an estimate, 60 species of fish and 10 of shrimps, including the best in the world, are found in the province. It produces 200,000 tons of fish per year, of which 80,000 tons …

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The ultimate fate of growing global market for halal food

  The existing size of Muslim population around the globe and its faster growth rate but more importantly superior quality standards of Halal food are responsible for enormous growth of Halal food market. Apart from Muslim countries many non-Muslim countries now share significant percentage of global trade of Halal food. The factors driving global Halal food trade include: 1) growth in Muslim population, the primary market for Halal food, 2) …

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Education holds the key to human development

  Pakistan is rich in natural resources and to make the best use of the enormous natural resources, the country not only needs skilled and healthy people but educated person get much appreciation as the better human capital equipped with education in science and technology can be instrumental in increased productivity with brining in modern technology in all economic sectors. This will together enhance industrial productivity and increase exportable output …

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Education: The money minting game

  Gone are the days when imparting education was considered an Ibadat, now it is a billion dollar industry in Pakistan. While many complaint about high cost of education, they actually support those who rip them in the name of education. Be it a small school, a chain of schools or private university the sole motive is money minting. It may not be out of context to say many of …

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