Indebtedness represents one of the greatest problems facing Pakistan in recent times and presently the country is facing mountains of debt and huge budget deficits that hinder its abilities to create jobs for the unemployed and help the poor, causing poverty to spread, allocations to educational and social programs to be cut, and a sense [...]
There are different possibilities after the finding and killing of Osama Bin Laden regarding the economic effect on Pakistan. Two ways are pretty much clear. One is that we remain in state of denial and lock horns with world, and the other way is to accept our past mistakes, ask for apology and work honestly [...]
It’s a tough weather, the summer, and it is getting intense every year. To add more to misery is the power shortage problem. When the hot season was in its full swing the government tried to solace the public by saying that the power shortage problem would be completely dealt with by December this year. Pardon me, for I have a weak memory, but I remember similar promises were made last year but forgotten completely with the rising of the summer sun. Bloody summer!
As defined by the International Labor Organization, “unemployed workers” are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in [...]
Pakistan Economy Watch on Saturday said a host of Pakistani businessmen have lost billions of dollars of investments in speculator-oriented Dubai real estate property downturn.
“Those who lured Pakistanis by showing them golden dreams of rich returns by investing in the oil-poor emirates have walked away silently, leaving the Pakistani businessmen in the lurch. These include [...]
Finance Minister Syed Naveed Qamar and his team has done a good job of formulating the upcoming Budget of Pakistan. In this budget, they are facing many disparate challenges. At one side they have to render much needed relief to the hapless populace and on the other hand they have to pull the economy out [...]
Whenever in Pakistan a democratic government is ousted and a dictator is installed, the exchequer mysteriously gets filled. Whenever, the democratic government comes again for a while when dictators get tired and the masters want change, the economic uncertainly prevails at large, and all the economic indicators tells the news of economic meltdown.
Now the Karachi [...]
The easiest thing and the favorite pastime in Pakistan is to bash at the United States policies towards Pakistan. It’s easy and favorite because it’s true.
The militaristic approach of United States in this region has done nothing to foster peace and progress, rather due to its blind, hegemonic and selfish approach has made Pakistan to [...]
