2012

NATIONAL AFFAIRS 11-05-2012    The News Pakistan, Germany sign deal: Pakistan and Germany successfully concluded joint bilateral development cooperation of 15.7 million euros (Rs. 1.583 billion), according to an official statement of the German embassy. Germany’s financial contribution for 2011 and 2012 now amounts to 127 million euros (Rs. 14.968 billion) in total. 12-05-2012    Dawn Green benches constituted all over the …

World Population Day is observed each year on July 11, to speed up the efforts aimed at reducing the ever-increasing human pressure on natural resources and minimizing the widening gap in the global standards of human development. There is a huge difference in the standard of human development between the developing and developed countries of the world. As a result, …

Let us mobilize all our resources in a systematic and organized way and tackle the grave issues that confront us with grim determination and discipline worthy of a great nation. (Quaid e azam) Energy indisputably is a primary catalyst for national development. It is termed as the backbone and lifeline of a country’s economy and its availability ensure accelerated growth …

Dr. Fahad Mumtaz One who works diligently and performs well in the exam will ultimately outshine others. Jahangir’s World Times (JWT): Kindly tell us about your educational background and achievements in detail? Dr. Fahad Mumtaz: My early education is from Faisalabad. I got second position in Matriculation exam from Faisalabad Board and second position in F.Sc examination from Government College. …

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 …

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 …

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 …

About 41 years ago, Pakistan lost its eastern wing (East Pakistan), the reason being that it had larger population than the West Pakistan. Although the East Pakistanis were in majority yet they were deprived of their rights and their problems were not solved according to their aspirations. After the abolition of ‘One-Unit’ in 1970, Balochistan got the status of a …

Political will is required to increase tax to GDP ratio in Pakistan but political instability coupled by inability of successive governments to review causes of low tax to GDP ratio has been a major source of impediments in achieving the target. Tax to GDP ratio can be obtained by dividing GDP of the country with total tax collection in a …

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 …