Economy

The rapid industrialization in China and people’s reaction to the weakening of the US dollar against other currencies are contributing to the rise in global gold prices. Gold price has touched unprecedented heights world-wide and especially in Pakistan. It has broken all the previous records. Gold is known for its value not only in making jewelry but it also has …

Micro credit is based on the interest rate. High transaction cost is the major economic problem of Pakistan. This cost leads to the higher interest rate which reduces its sustainability and thus narrow downs its original scope. The revolutionary idea and vision of Muhammad Yunus was a ray of hope in the lives of downtrodden people. The main idea of …

The new growth framework developed by the Planning Commission is an innovative plan that seeks accelerated and sustained growth and development Planning Commission of Pakistan evolved a new strategy to boost the long run growth of the economy.  This strategy is based on the consensus that without economic growth, country cannot be put on the path of progress and prosperity …

The Agency officially announced that the US economy is sick, and sick seriously. The last month was not good for already stumbling US economy that received another blow from the leading credit rating agency Standard and Poor (S&P) which down-graded its credit rating from AAA to AA+. The S&P almost first time since its existence lowered long-term outlook on the …

The budget brings now fear of the expected inflation and new taxes on different goods and service. The budget in Pakistan is an important event because it alters the economic outlook for the common man. Government steps especially subsidies, tax breaks and employment and income generating schemes bring positive change in their living standard. While withdrawal of subsidies, increase in …

For Pakistan, a window of opportunity came about with the visit of Prime Minister Wen Jiabao during which 22 trade-related agreements worth $15 billion, and 20 other agreements and MoUs worth $20 billion, covering a period of the next five years were signed. During a four-day visit of Prime Minister Yousuf Raza Gilani to China that started from May 17, …

High inflation has badly hit the rich and the poor alike, but the poverty stricken class is the worst target. Inflation discourages savings by reducing the real rate of return on financial assets leading to lower investment and growth. Inflation is defined as the persistent rise in the general price level. A number of theories explain the causes of inflation. …

Governments throughout the Middle East are trying to buy off trouble.They may be storing up more If you don’t own your citizens’ loyalty, perhaps you can rent it for a while. That seems to be the mantra of Arab regimes at the moment. Throughout the Middle East and North Africa, they are showering their citizens with money and gifts, like …

Few would deny that China has been the economic superstar of recent years. Thanks to its relentless double-digit annual growth, it has become the world’s second-largest economy and in many ways the most dynamic. Less obvious is quite what the secret of this success has been. It is often vaguely attributed to ‘capitalism with Chinese characteristics’ typically taken to mean …

Textile spinning industry calls for diplomatic pressure on India to release 1m cotton bales it ordered last year. The country’s textile industry, already reeling under pressures of all types, is now confronted with the challenge of meeting shortage of cotton required for its consumption. The deficit caused by crop destruction due to floods has worsened after India’s reluctance to release …