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Reforming SOEs in Pakistan

Reforming SOEs in Pakistan Dr Omer Javed The state-owned enterprises (SOEs) are defined in Pakistan under the (Corporate Governance) Public Sectors Companies’ Rules (PSC Rules, 2013) as those companies where government exercises either direct or indirect beneficiary control or ownership, whereby the government or any agency holds 50% of voting shares or otherwise has ‘the power to elect, nominate or …

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Khyber Pass Economic Corridor (KPEC)

Khyber Pass Economic Corridor (KPEC) Another corridor to development Pakistan and Afghanistan continue to maintain upward trajectory of trade during last two years and has crossed US$ 2 billion mark in year 2017-18. Pakistan remains the largest export market for Afghanistan. On the other hand, Afghanistan continues to increase its imports from Pakistan, as Afghan imports increased from Pakistan by …

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The Rise of Islamophobia

The Rise of Islamophobia How to tackle the challenge Asfand Yar Bhutto Introduction The Muslim world, today, is caught in a vicious cycle of internal and external challenges. As far as internal problems are concerned, it is more than evident that social, political, sectarian cleavages abound with the plight of crumbling economy further adding insult to injury. Externally, the most …

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Is stakeholder capitalism really back?

Is stakeholder capitalism really back? Joseph E Stiglitz Stakeholder capitalism is poised to take the investing world by storm. The Business Roundtable, an association of CEOs of America’s top companies, recently issued a statement that redefines the purpose of a corporation. Signed by nearly 200 top CEOs, including those of J.P. Morgan, Apple, Walmart and Amazon, it essentially says that …

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Organization of Islamic Cooperation (OIC)

Organization of Islamic Cooperation (OIC) Opportunities, Challenges and the Way Forward Aftab H. Wahla Political, educational, religious and economic decline of Muslim Ummah continues unabated, unchecked and unaddressed. Politically nationalist, religiously sectarianist, economically dependent, militarily vulnerable, socially polarized and academically backward, the Ummah is facing multiple crises, and has failed miserably to respond to those effectively and collectively despite their …

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Need of Ijtihad in Modern Times

Need of Ijtihad in Modern Times Abdul Rasool syed “[I]f we contemplate on the present situation we will come to the conclusion that as, in order to support the fundamentals of re­ligion, we need a new theology, similarly we need great jurists for the reinterpretation of Islamic law. The jurist must be able not only to codify Islamic law on …

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