Home /

Oil price collapse – event of the year 2014 have multiplier effects on developing economies including Pakistan

  The steel fall of international oil prices have a combined effect both on the oil based economies as well as on the developing economies but in different directions. The oil price situation has developed an interesting situation similar to what it happens even in the province of Sindh before the arrival of Monsoon season as the date farmers pray for late start of the rainy season as the rain …

Read More »

Mixed economic performance in 2014

  Overall fiscal year 2014 was a better year for the economy. As for the actual behavior of various macroeconomic indicators, real GDP during financial year 2014 grew by 4.1 percent compared to 3.7 percent in the previous year and the target of 4.4 percent is better close to meet. The fiscal deficit was indeed contained at 5.5 percent. Growth saw a modest revival, especially in manufacturing. Manpower, for instance, …

Read More »

The snake eye: Oil

  Oil, like the snake eyes, has a killer’s fascination. Economic booms, bubbles, and bursts, all taking shapes in the slimy womb of this slick monster. The oil story has been written by the master oil CEOs like John Browne of British Petroleum, the deceptive oil ministers of oil-rich countries like Ali al-Naimi of Saudi Arabia, the yesteryears Seven Sisters of the West, the counterforce OPEC, and above all, the …

Read More »

Back to gold?

  The October 1987 New York stock market crisis and the 2008 financial meltdown were controlled as fast as they came. That was in sharp contrast to the 1929-30 depressions that threw the world markets first into convulsions and then into a prolonged state of agony. The keyword separating the two sets of — pre and post World War II — financial crises was “liquidity.” The abolition of fractional reserve …

Read More »

Price hike of imported used cars despite rupee appreciation

  In the absence of quality and price check mechanism the used cars traders are duping Pakistani consumers by offering them imported used cars with no warranty or spare parts availability while denying even the benefit of appreciation of Pakistani rupee this year, this was stated by Iqbal Shah, Chairman Pakistan Automobile Manufacturer Assembler Dealer Association (PAMADA). These used vehicles prices are compared with new locally-made cars, which are superior …

Read More »

Livestock a mainstay of Balochistan’s economy running at a loss

  Being a pastoral economy Balochistan is yet to exploit its tremendous potential in livestock sector. Animals are traditionally kept for meeting household milk and meat needs. Livestock development is linked with poverty alleviation in the province, as its 70 percent population is directly or indirectly involved in livestock rearing activities. The province is rich in livestock resources contributing about 40 percent of Pakistan’s total livestock population. The main consumers …

Read More »

Solar power option

  Although sufficiently provided with natural resources like water, coal and sunshine, our energy issues remain unresolved even after 67 years of the creation of Pakistan. This has been one of the major failings of our leadership. We have failed to draw a line between pressing national needs and trivial political issues. Leaving the decision of making dams in the hands of divided political leadership is nothing short of suicidal. …

Read More »

Solar energy — an inexpensive energy of the future

  Solar energy venture of Nizam energy provides the ray of hope for future development, economic stability. Solar energy is positioned to become a new source of power to lead the world to a low-carbon future and hopefully, away from a global climate catastrophe, which is caused by rising emissions from burning fossil fuels. For solar energy to become so cheap that it can compete with coal and oil, its …

Read More »

Exploring solar energy option

  There can’t be two opinions regarding changing energy mix of Pakistan, presently heavily skewed towards fossil oil. However, it is yet to be decided which of the alternatives is cost efficient and economically viable. One of the much talked about option is solar power option. On the face value and keeping in view Pakistan’s climatic conditions the option looks attractive. The other benefits are: 1) installation in far flung …

Read More »

Solar power future in Pakistan

  Pakistan has always been suffering from crises but the biggest crisis of all is the law and order and the shortage of energy which has led to the shut down of the industry, affecting the agriculture, lost foreign investment and departure of many companies from the country. People may understand the loss of foreign investment but the departure of the businesses and the companies from Pakistan has caused a …

Read More »