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Tag Archives: economic

Contribution of agriculture in GDP

  Agriculture is a predominant activity in most developing countries. As economic growth and development take place, importance of agriculture tends to decline according to the sources. The declining share of agriculture is, however, a slow phenomenon and is felt only over a relatively long time horizon. In Pakistan, the agriculture sector continues to be an essential component in the economy. It currently contributes 21 per cent to GDP. Agriculture …

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Construction industry-mother of economic activity

  Construction industry is one of the largest sectors having a large number of sub-sectors which provide a massive support to the economic development of any country. A vibrant construction industry is bound to create millions of job opportunities in view of its alliance with a large number of sub sectors like cement, steel, woodworks, tiles, glass fixtures and a variety of other industries. In this backdrop an active construction …

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The economic sweet and sour of the calendar year 2014

  Upgraded Asian Development Bank (ADB) growth outlook, a bubbling equity market, the sliding LSM growth, an improved foreign reserves position, the still reluctant FDI, and a persisting energy deficit is what the calendar year 2014 had in store for us. While FY14 GDP growth of 4.1% coupled with the expectation of a similar growth rate for FY15 is something to sing about, a deeper analysis may bring to surface …

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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 …

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Fascinating foreign investment opportunities in Balochistan

  Presenting a greater investment opportunity to the foreign investors due to its gifted and natural wherewithal, the province Balochistan, is having all the potential sectors to open the road of economic prosperity for Pakistan. One of the ardent areas for investment in the province is Gwadar Port city which include fish processing, crabs processing, cold storage, ice factories, sea-water reverse osmosis desalination plants, shrimp farming, boat building and naval …

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Indigenous production of gas

  Some of the quarters are spreading disinformation that Pakistan is currently passing through the most difficult phase of its economic history. The country’s acute energy crisis is posing a serious predicament for its feeble economy and volatile national security. The demand is outstripping supply. The expansion at Tarbella is expected to cost US$840 million but it will not be completed before mid to late 2018. Similarly, the nuclear expansion …

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Insurance industry playing significant role in economic growth

  The insurance industry has been supporting economic growth by helping individuals and businesses to manage their risk in a more efficient manner. In order for sustainable economic growth to take place, an insurance industry is a must, which focuses on risk financing and management. However, in terms of growth, the insurance industry is not up to par with the economy since but officials in the industry are working on …

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Economic progress of Pakistan since 1947

  Pakistan has witnessed progress since independence when it comes to development of infrastructure and industries. Pakistan is recognized as a major textile exporter. Being an agrarian economy, the country is self-sufficient when it comes to food requirement, which is a plus factor. Through progress is seen with setting up of industries, infrastructure, commercial and residential properties, corruption and mis-management has made the progress slow. Political unrest and blame game …

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Economic developments and outlook

  The State Bank of Pakistan (SBP) has taken various measures to manage inflation and interest rate. In September 2013, SBP linked minimum rate of return on average balances held in saving deposits with the floor of the interest rate corridor, which means return on saving deposits cannot be more than 50 bps lower than the floor of the interest rate corridor, which is currently at 7.5 percent. This measure …

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Pakistan: A welfare state in reality?

  A welfare state is an idea of government in which the state plays a major role in the promotion and protection of the economic and social well-being of its people. Such a government is a part of the lives of its people as it caters to the material, physical and social demands of its people. The main aim of a welfare state is to primarily generate economic and social …

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