Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Islamabad: (Saturday, August 11, 2012) Pakistan’s trade deficit in the first month of the ongoing fiscal year, July, has mounted to $ 1.6 billion. The current trade deficit is 4.7 percent higher than the figures for similar month the previous year. While explaining the increasing trade deficit phenomenon, Pakistan Statistics Department said that the pace […]
China, the once streaking economy in the world is now performing less than satisfactorily, mainly because of the foreign demand in the shape of exports. It is a no-brainer now that China is an export-driven economy and domestic consumption is just a bystander in the way. However, the lack of domestic consumption is the one […]
Efforts for America’s economic renewal: Hillary Clinton to host Global Business Conference in Washington Washington: (Monday, February 20, 2012) US Secretary State Department, Hillary Clinton is to host the first ever State Department Global Business Conference. The Conference will bring together senior officials from U.S. business support organizations from over 100 countries; U.S. private sector […]
EU duty waiver for Pakistan gets approval from WTO Geneva: (Wednesday, February 01, 2012) The World Trade Organization has approved European Union’s decision to waive off duties on 75 exportable items from Pakistan today. The EU has taken the decision to extend help for Pakistan in recovering from massive floods rendered the country inundated in […]
Economy maintains its stability despite grave challenges Islamabad: (Thursday, January 12, 2012) despite grave challenges staring right into the eyes, the economy in Pakistan has managed to stabilize itself. This perhaps is a fact revealed by major economic indicators like foreign exchange reserves, industrial growth, workers’ remittances and inflation. More than other indicators, workers’ remittances […]
The main reason why the 2008 upheaval occurred was loosely monitored banking sector that showed profits and profits, nothing else, however; in reality the Enron crisis was in the making. The same happened in Europe. However, the US government and the international community for that matter needs to create units which can oversee the operation […]
More aching is the failing economy of China. During the 2008 episode, the Chinese government issue a $630 Billion easing package to the business sector, like the US, but the industry managed to get out of the crisis, unlike the US. However, the issue that remained un addressed was the encouragement of domestic consumption. The […]
The reason why the European economy ended in a free fall, yet again was the lack of any long-term financial tools. The free flow of the money from European Central Bank to the commercial and investment ones without a proper check and balance resulted in a gargantuan pile of debt that looked unacceptable in the […]
The US and the European economy stood on Achilles’ heel the whole year, meaning 2011. Although the 2008 financial crisis settled down after inflicting so much damage to the whole world, its aftermaths are still taking their toll on the employment rate and the debts and borrowing systems in both continents. The US economy is […]
APTMA concerned over exports decline, hold energy shortage and high interest rate responsible for the phenomenon Lahore, Thursday, December 22, 2011: Chairman All Pakistan Textile Mills Association (APTMA) has expressed deep concerns over massive decline in the textile exports during the last month. He was of the view that although increased interest rates were also […]
Global Recession likely to hurt exports from Pakistan; State Bank of Pakistan Karachi: The State Bank of Pakistan, in its annual report, has said that the recent decline in the global economy could well affect exports from Pakistan. According to SBP’s annual report new recession could be even more severe than the sub-prime mortgage crisis, […]
As the fertilizers and textiles industries are already suffering from the shortfall of natural gas and electricity, the tanneries operating in the country have started complaining about the lack of water supply as well. Acute water shortage in the peak operational season has broken serious outrage among the tanneries sector, especially in Karachi. Chairman of […]
