...diKalim Hyder & Qazi Masood Ahmed 107 Why Private Investment In Pakistan Has Collapsed And How It Can Be Restored Kalim Hyder and Qazi Masood Ahmed* Abstract The purpose of this paper is to analyse the decline in private investment and formulate a comprehensive strategy to overcome this problem, which is the main cause of deceleration in the growth momentum of Pakistan’s economy. Due to lack of investor confidence, private investment has reached its lowest point in the recent economic history of the private sector led growth phase (1978 to 2002) in Pakistan. This paper argues that economic as well as non-economic factors are responsible for this declining investment. Economic policies are formulated in such a manner that the short-term objectives of lowering the fiscal and trade deficits were to some extent achieved but overall economic performance and investment were ignored. In order to control external trade deficits, a policy of devaluation increased the cost of production through an increase in prices of imported raw material especially of plant and machinery. Higher real interest rates due to excessive public borrowing that were due to the failure in reducing fiscal deficits has resulted in financial crowding out and has corroded the savings that might be used to finance private investment. The unexplained part of private investment that is not determined by economic factors can be attributed to non-economic factors, which include internal and external shocks. These...
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...qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwer...
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...Problem Statement Rising rate of inflation in Pakistan in last decade, factors that impact this rise in inflation. The factors are monetary i.e. money supply, exchange rate and real GDP and other factors are banking and non-banking borrowings. Research attempts to give solutions for problem that how, why, and when these factors affect the rate of inflation. Research is aimed to identify reasons due to which inflation is rising in Pakistan and give solution for this problem. Review of Literature Inflation & Importance The general movement of a country's overall price level is of primary concern to all and more so if the movement is upward. The problem of inflation has virtually become a major concern for all economies - over the last few decades, Inflation has been accelerating at an alarming rate in most of developing countries. (Mohammed Sabihuddin Butt and Haroon Jamal: A MONETARIST APPROACH TO INFLATION FOR PAKISTAN: Pakistan Economic and Social Review Vol.X XVI No.2 (Winter1988) pp 69-87) Inflation adversely affects the overall growth, the financial sector development and the vulnerable poor segment of the population. There is clear consensus that even moderate levels of inflation damage real growth. Inflation decreases the real income and also induces uncertainty. Considering such adverse impacts of inflation on the economy, there is a consensus among the worlds' leading central banks that the price stability is the prime objective of monetary policy and...
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...Operations Research and its Prospects in Pakistan Prof. Dr. Shoaib ud Din Mathematics Department Punjab University, Lahore, Pakistan Operations Research has had an increasingly great impact on the management of organizations in the recent years. In fact, with the exception of advent of electronic computer, the extent of this impact seems to be unrivalled by that of any other recent development. However, all the development in this field has gone almost unnoticed in most developing countries including Pakistan. This article is an effort to introduce Mathematics community in the country to the subject and its achievements. A brief history In order to appreciate the importance of OR in the world today it is important that we know something of its history and evolution. Although roots of Operations Research can be traced back many decades, it is generally agreed that this discipline began during World War II. During the War team of British scientists with diverse background were called upon to study the strategic and tactical problems associated with air and land defense of the country. The establishment of this scientific team marked the first formal Operations Research activity. Their efforts were allegedly instrumental in winning the Air Battle of Britain, The Island Campaign in the Pacific, the Battle of the North Atlantic, and so on. The name Operations Research-Operational Research in the United Kingdom – was apparently coined because the problems assigned to this team...
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...production of Soda Ash at Khewra • 1953The Khewra Soda Ash Company is incorporated as a public limited company • 1965ICI Pakistan acquires Fuller Paints Limited • 1966The name of Khewra Soda Ash Company changes to ICI Pakistan Manufacturers Limited • 1968ICI Pakistan Manufacturers Limited commissions its Speciality Chemicals Plant in Karachi • 1970ICI Pakistan Manufacturers Limited sets up a Pharmaceutical Factory in Naryanganj East Pakistan. After 1971, the factory became part of ICI Bangladesh Manufacturers Limited • 1973Fuller Paints changes its name to Paintex LimitedICI Pakistan Manufacturers Limited sets up a Polyester Plant at Sheikhupura with a capacity of 12,000 tons • 1985Imperial Chemical Industries Pakistan (Private) Limited and Paintex Limited merge into ICI Pakistan Manufacturers Limited • 1987The company changes its name to ICI Pakistan Limited • 1991ICI Pakistan PowerGen Limited is incorporated as a public limited company • 1994ICI Pakistan increases capacity of Soda Ash Plant by 50,000 tons • 1996ICI Pakistan increases Polyester Fiber capacity to 60,000 tons and Polymerization capacity to 91,000 tons • 1998ICI commissions its PTA Plant at Port Qasim Karachi • 2000PTA Business demerges to form a separate entity, Pakistan PTA Limited • 2001Soda Ash Site completes Automation Cogeneration & Debottlenecking Project • 2002ICI Pakistan increases capacity of Polyester Plant by 44,000 tons The Pharmaceutical and Animal Health Segment was combined with the...
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...a reality for the most third world countries. Approximately 40% of the worlds population does not have freedom of speech. In the countries Vietnam, North Korea, and Pakistan many of its people are victimized through stringent laws such as killing of future generations, beheading of innocent people, and jailing for many years. The South Asian country of Vietnam is well known for its restriction on freedom of speech. Vietnam has been through many wars and revolutions that have affected its laws. In Vietnam’s penal code it states that the people of Vietnam have Freedom of speech,...
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...K & N’s Foods Private Limited | March 12 2012 | Strategic Business Plan | Zubash Jawed080612BBA-8A | PREFACE INTRODUCTION STRATEGIC MANAGEMENT PROCESS Strategic management of an organization entails three ongoing processes: Analysis, Decision and Actions. In Analysis, the strategic goals (vision, mission and goals) along with internal and external environmental of the organization are analyzed. In decisions, the managers must take two important decisions regarding which industries to compete in and how to compete in the selected industry? And finally some actions should be taken because decisions are of little use unless they are acted on. At the heart of strategic management is a very important question: “How and why do some organizations outperform others?” So the managers have a challenge to decide on strategies that provide advantages that can be sustained over time. Mr. Robert Lamb defines strategic management as: an ongoing process that evaluates and controls the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly [i.e. regularly] to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment. IMPORTANCE OF...
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...Beginning and Evolution of film industry in sub-continent Introduction:- Film is a term that encompasses motion pictures as individual projects, as well as the field in general. The origin of the name comes from the fact that photographic film has historically been the primary medium for recording and displaying motion pictures. Many other terms exist for an individual motion picture, including picture, picture show, and most commonly, movie. Additional terms for the field in general include the big screen, the silver screen, the cinema and the movies. Films are produced by recording actual people and objects with cameras, or by creating them using animation techniques and/or special effects. They comprise a series of individual frames, but when these images are shown rapidly in succession, the illusion of motion is given to the viewer. Flickering between frames is not seen due to an effect known as persistence of vision, whereby the eye retains a visual image for a fraction of a second after the source has been removed. Film-A true art-form:- Film is considered by many to be an important art form; films entertain, educate, enlighten and inspire audiences. The visual elements of cinema need no translation, giving the motion picture a universal power of communication. Any film can become a worldwide attraction, especially with the addition of dubbing or subtitles that translate the dialogue. Films are also artifacts created by specific cultures, which reflect...
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...involvement in terrorism and political violent acts is not a recent phenomenon but the ever growing number of women involved and the universal belief of the nonviolent character of women, constitute sufficient reasons to analyze this gender shifting in terrorism. The purpose of this analysis is to attempt an explanatory view of the fundamental of female suicide terrorism in Islam. This study will focus on the study of Palestinian female suicide terrorism as the Palestinian example seems to constitute an appropriate pars pro toto. Indeed, as stated by Corocan-Nantes in her article “Unnatural beings: Gender and terrorism,” “in most of the major works on the study of terrorism there is no mention of gender despite the fact that in the last decade there has been a noticeable increase in the study of 'female terrorism.'” The common belief being to associate terrorist acts to men. Counter-Terrorism Strategy The Female suicide terrorism is real security threat that requires our full attention. A comprehensive counterterrorism plan should recognize the increasing potential for use of suicide bombers, including females. The underestimation of female terrorism is dangerous and next strategies must account for the earlier lack of focus on this neglected issue. Although there is an urgency in countering this issue, it can be a very daunting process. In the fight against terrorism, the United States must continue to lead the way. The United States has the capabilities (diplomatic,...
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...speed. This publication broadens our list of the world’s top 30 economies to the top 100. The underlying theme is that the economies we currently call “emerging” are going to power global growth over the next four decades. Our update tells the story of the emergence of parts of Africa, the rise of some of the central Asian republics, as well as some startling advances for countries such as the Philippines and Peru. By Karen Ward Disclosures and Disclaimer This report must be read with the disclosures and analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it Economics Global 11 January 2012 abc From the Top 30 to the Top 100 Attention will increasingly turn to the ‘new emergers’ as the world economy undergoes a seismic shift Demographics to play a crucial role, helping parts of Africa finally emerge from economic obscurity When we published ‘The World in 2050’ a year ago (4 January 2011), we gave a projection for the Top 30 economies by size in 2050 from a pool of the largest 40 economies today. This update casts a wider net and seeks to identify the Top 100 economies by size. A larger universe increases competition for the Top 30 and allows us to consider the ‘new emergers’ in the coming decades. Our ranking is based on an economy’s current level of development and the factors that will determine whether it has the potential to catch up with more developed nations. These fundamentals include current income...
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...Global Economics Paper No: 192 Goldman Sachs Global Economics, Commodities and Strategy Research at https://360.gs.com The Long-Term Outlook for the BRICs and N-11 Post Crisis The BRIC and N-11 countries are emerging from the crisis better than the developed world. As a result, our long-term projections for the BRICs look more, rather than less, likely to be realised. It is now possible that China will become as big as the US by 2027, and the BRICs as big as the G7 by 2032. Within the BRICs and N-11, China, Brazil, India, Indonesia and the Philippines appear to be performing best. Bangladesh, Egypt, Korea, Nigeria, Turkey and Vietnam form a second group of countries that have performed broadly in line with expectations. Iran, Mexico, Pakistan and Russia have need for improvement. We show the ongoing dramatic BRIC influence in key product markets, with autos and crude oil as examples. Important disclosures appear at the back of this document Thanks to Dominic Wilson, Michael Buchanan, Paulo Leme and Swarnali Ahmed for their valuable comments, and to Alex Kelston for the Growth Environment Scores Jim O’Neill and Anna Stupnytska December 4, 2009 Goldman Sachs Global Economics, Commodities and Strategy Research Global Economics Paper Contents Summary Section 1. Where We Stand on the BRICs and N-11 Section 2. The BRICs and N-11 in the Aftermath of the Crisis 2.1 BRICs and N-11 Global Importance Continues to Rise 3 4 6 6 Higher growth contribution Increasing...
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...The Use of the Predator Drone in Afghanistan and Pakistan: An Essential Component of the War on Terror [pic] Photo Source: United States Air Force Website. Matthew R. Green CORE/PCON 322 Research Project March 27, 2007 I. Introduction/Thesis The last two decades of the 20th century and the first five years of the 21st century saw an increase in terrorist attacks around the world. Many were connected in some way to the conflicts in the Middle East and directed at the United States, culminating in the attacks of September 11, 2001. Terrorism is unique in that the majority of the acts perpetrated have no direct connection to foreign governments. Rather, terrorism emanates from extremist cells within the populace, with a network of individuals and properties living everyday life alongside the general population. The problem is further complicated because the enemy is hardly ever together as one, instead spread across different countries, and indeed continents. In present day War on Terror, it is necessary to eliminate small cells of extremists living among the general populace, often in a covert manner. Small, low-profile yet highly accurate and effective strikes that do not involve US military personnel are essential to avoid harming innocent civilians. One of the most famous weapons to be developed from these emerging necessities in the 1980’s and 1990’s is the Unmanned Aerial Vehicle (UAV), more commonly...
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...The rise and fall of PIA Submitted by: Muhammad Atif Iqbal KSBL MBA2015 GSBD II 0 Introduction With the inception of Pakistan it was divided into two parts. East and West Pakistan and the link between the two parts was possible through air only because between the two parts lied the second country that came into being with Pakistan i.e. India. So to connect the two parts of the country Air-Travel was the only convenient option. To serve the purpose Orient airways owned by the Isphahani’s was providing services but the it failed to serve the purpose effectively because of limited resources and losses incurred due to poor economy and other issues prevailing in the country at that time so in 1954 Govt. of Pakistan decided to launch a National Aircraft Carrier with the name of Pakistan International Airlines. Which grew very quickly and launched international travel only a year after its formation and the destination of the flight was London via Cairo. PIA took over and consolidated the operations of Orient airways in 1955 which increased the capacity of PIA with an increase in the fleet available. And it was the time when PIA expanded and exploded in terms of size, assets, revenues and profits. PIA has bagged many achievements as well like the first Asian company to add a jet airplane to its fleet and enabling the operator to enlarge its network and expand services across many borders. It was also the first non-communist airline to offer flights to Shanghai...
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...International Journal of Business and Behavioral Sciences Vol. 2, No.6; June 2012 Corruption: Causes and Effects in Pakistan’s Case (A Review Research) *Dr. Muhammad Tariq Khan1, Dr. Naseer Ahmed Khan2, Sheraz Ahmed3, & Khalid Mehmood4 1 Assistant Professor, Department of Management Sciences University of Haripur, PAKISTAN 2 Postmaster General, Pakistan Post, Rawalpindi, PAKISTAN, 3Lecturer, Department of Management Sciences University of Haripur, PAKISTAN, 4Lecturer, Department of Management Sciences Hazara University, PAKISTAN *tariq_phd@yahoo.com Abstract There is a growing worldwide concern over corruption at the present time. The increasing public interest and concern over corruption have resulted in a large amount of scholarly research on the subject. The concept of economic rent is important in corruption. In Pakistan, the corruption is deep rooted and has many dimensions. There are several causes and remedies for the public policy makers to root out corruption in Pakistan. Key Words: Corruption, Economic rent, Developmental obstacle. Social evil, Remedies Introduction Corruption is a universal curse around the world and exists in all the countries as a common phenomenon, both in developing or poorer countries and developed countries. The difference is only of the degrees of corruption. In the last five years, leading politicians in U.K., Belgium, France, Spain and Italy have been convicted of corruption and in fact, the entire European Commission ...
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...meet the country’s energy needs. The paper argues that energy planning should integrate the external cost of energy use in deciding about the composition of supply: coal, oil, gas, hydropower, renewable, nuclear, and solar. By utilizing external cost estimates made by the European Commission for Europe, and the US National Academy of Sciences, a total cost (external + internal) ranking of primary energy sources for Pakistan is estimated. This estimate is at the low end of the cost spectrum because classic pollutants—sulfur dioxide, nitrogen oxides, carbon monoxide—in Pakistan are significantly higher than in Europe or the US. The paper also discusses the experiences of China and OECD countries in increasing energy-wide efficiency. A central lesson emerging from the analysis is that Pakistan will have to significantly increase its energy-related research and development expenditure in order to adequately address its energy sector issues. A quadrupling from 0.25 % of gross domestic product is recommended over a decade. Keywords: Energy, policy, environment, Pakistan. JEL Classification: Q48, Q47, Q5. I. Introduction Energy is the life blood of socioeconomic development. It is essential for technological applications that promote productivity increases. The three domains where energy is used are the production of electricity, the extraction/generation of thermal energy (heating and cooling), and transportation. During the past two centuries, fossil fuels (coal, oil, and...
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