On June 20 last, at a well-attended mega event in Karachi Marriot, Intel Pakistan unveiled a range of products powered by its 22 nanometer 3rd generation Ivy Bridge processors. The launch, in words of the organizers, was a fulfillment of the commitment the corporation had made years go. It had decided not to make the tech savvy Pakistani wait for …
Read More »Preparing for a Power Outage
We have prepared a list of Safety, Security, and Health issues that you should use to prepare for a power outage. Safety Issues Purchase needed items for your home, office and car including: flashlights, batteries, AM/FM battery-powered radio, rechargeable power failure lights, wind up or battery alarm clock. Have a 72-hour emergency kit for each family member. Keep cash and …
Read More »This Month in History ( JULY )
July 1, 1862 – President Abraham Lincoln signed the first income tax bill, levying a 3% income tax on annual incomes of $600-$10,000 and a 5% tax on incomes over $10,000. Also on this day, the Bureau of Internal Revenue was established by an Act of Congress. July 1, 1863 – Beginning of the Battle of Gettysburg during the American …
Read More »THE GRAND DECEPTION
Author: Dr Mujahid Kamran Pages: 316 Price: 700 PKR Publisher: Sang e Meel Dr Mujahid Kamran is a genuine scholar who also serves as the vice chancellor of the University of the Punjab. He writes on diverse topics ranging from theoretical physics to mass media, and from politics to literature. He has written books on Physics and Politics with the …
Read More »A dream Lives on, Kournikova to Maria Sharapova
Scene One: Wimbledon Open 2004 ‘Oh my God … it’s unreal … it’s unreal. It’s amazing really… it was always my dream but I never in a million years thought this would happen so quickly. I didn’t think (about winning) but I kept believing in myself… I kept faith. It’s just amazing. To tell you the truth I don’t know …
Read More »Monsoon & Health
Mrs. Shakeel received a phone call in hurry. Hello, this is Miss Maria, your son Ahmad’s school teacher. Ahmad is suffering from repeated episodes of vomiting, please pick him up as soon as possible and seek necessary medical consultation. Ahmad is not the only sufferer of gastroenteritis (commonly known as ‘gastro’). The number of cases increases to hundreds and even …
Read More »WTO and Agriculture Sector of Pakistan
Introduction World Trade Organisation stands for freer trade among countries. It aims to shed away trade distorting practices between countries, e.g., quotas and subsidies in a phased manner, but does not however, aim at zero tariffs. Pakistan has been the founding member of GATT (General Agreement on Tariffs and Trade 1948) as well as WTO. Aim of this article is …
Read More »INFORMAL ECONOMY
A Blissful Orchestration of the Frail Home-based Workers Production and consumption of a country are based on its economic system. There are two types of economies: formal and informal. Formal sector is regularised by the government whereas informal sector is unrecognised; though the informal sector is not completely unregulated, there are some norms to keep it ‘somehow’ regulated. Informal sector …
Read More »FUTURE OF VALUE-ADDED TEXTILE SECTOR OF PAKISTAN
Textile sector is the backbone and single largest sector of our economy, contributing to 55% of our total exports, providing 38% jobs in the manufacturing sector and contributes 8.5% of the GDP. We are the second largest exporter of cotton yarn, third largest exporter of fabric and fourth largest producer of cotton in the world. During the year 2010-11, the …
Read More »FISCAL POLICY AND ECONOMIC GROWTH
Fiscal policy is used by a government for adjusting its level of spending in order to monitor and influence a country’s economy. It involves the use of government spending, taxation and borrowing to influence the pattern of economic activity and level of aggregate demand, output and employment. Changes in fiscal policy affect aggregate demand as well as aggregate supply. The …
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